Whether they were "born to it" or not isn't the issue, David. The real issue? -- money is concentrated at the top!
Many jobs created, yes, by the Bezos and Musks. but not commensurate wages -- even though production is up! Since 1980 productivity has increased by 72% but wages have increased by only 17%. Where has the money gone? To i…
Whether they were "born to it" or not isn't the issue, David. The real issue? -- money is concentrated at the top!
Many jobs created, yes, by the Bezos and Musks. but not commensurate wages -- even though production is up! Since 1980 productivity has increased by 72% but wages have increased by only 17%. Where has the money gone? To increased corporate profits, not to the workers. And this is the sin of our economy. Basic unfairness and injustice, unfettered capitalism!
We must shift back to First Day Fairness that gives workers leverage. "Broad-based wage growth is the key to reversing the rise of income inequality, enhancing social mobility, reducing poverty, boosting middle-class incomes, and aiding asset-building and retirement security."
All valid points. Since the late 1980’s the world has experienced a couple incredible trends. The fall of communism and a technology boom with the introduction of the internet. global trade exploded pushing manufacturing overseas where labor sadly was cents on the dollar gutting many blue color jobs from textiles to cars. At try he same time the US under all administrations has run what has essentially been an Open Borders immigration policy flooding our country with low wage cheap labor. Essential, many once good jobs were either replaced by cheap domestic labor, cheap foreign manufacturing and technological innovation. A wicked brew. The Hillbilly Elegy is and was real for many. Our country needs to be smarter on immigration, trade, retirement, education and health care. All too long for this post but all spot on.
David, you can't blame immigrants for coming here, of course, for a better life. Imo, the onus is on the companies to pay fair wages to anyone who works for them. Legislating and enforcing immigration laws is a separate problem but not inseparable, of course. Immigration has been a problem for both parties to deal with due to corruption and poor conditions in Mexico and Central America. The US needs to err on the side of compassion and incentives for those countries as far as possible rather than forbidding, punishing, returning immigrants.
Trade? We are part of a global economy and connection. How do we respond to all those who have almost nothing while we sit in ease (even though we work hard, granted) in our A/C homes and offices?
Whether they were "born to it" or not isn't the issue, David. The real issue? -- money is concentrated at the top!
Many jobs created, yes, by the Bezos and Musks. but not commensurate wages -- even though production is up! Since 1980 productivity has increased by 72% but wages have increased by only 17%. Where has the money gone? To increased corporate profits, not to the workers. And this is the sin of our economy. Basic unfairness and injustice, unfettered capitalism!
We must shift back to First Day Fairness that gives workers leverage. "Broad-based wage growth is the key to reversing the rise of income inequality, enhancing social mobility, reducing poverty, boosting middle-class incomes, and aiding asset-building and retirement security."
https://www.epi.org/productivity-pay-gap/
All valid points. Since the late 1980’s the world has experienced a couple incredible trends. The fall of communism and a technology boom with the introduction of the internet. global trade exploded pushing manufacturing overseas where labor sadly was cents on the dollar gutting many blue color jobs from textiles to cars. At try he same time the US under all administrations has run what has essentially been an Open Borders immigration policy flooding our country with low wage cheap labor. Essential, many once good jobs were either replaced by cheap domestic labor, cheap foreign manufacturing and technological innovation. A wicked brew. The Hillbilly Elegy is and was real for many. Our country needs to be smarter on immigration, trade, retirement, education and health care. All too long for this post but all spot on.
David, you can't blame immigrants for coming here, of course, for a better life. Imo, the onus is on the companies to pay fair wages to anyone who works for them. Legislating and enforcing immigration laws is a separate problem but not inseparable, of course. Immigration has been a problem for both parties to deal with due to corruption and poor conditions in Mexico and Central America. The US needs to err on the side of compassion and incentives for those countries as far as possible rather than forbidding, punishing, returning immigrants.
Trade? We are part of a global economy and connection. How do we respond to all those who have almost nothing while we sit in ease (even though we work hard, granted) in our A/C homes and offices?
Uncomfortable, not easy issues but absolutely a problem.