“This is the new model, where you work in these plants for the rest of your life, and your kids work here, and your grandkids work here,” U.S. Secretary of Commerce Howard Lutnick says.
The reality is that the job is kind of irrelevant. We had a manufacturing economy then, and a service based economy now, but the real difference between today and back then were wage strength and social parity. Of course pensions existed too, but still.
Back in the day one man could make enough to support a family on a relatively entry level skill level income. Today one person can hardly afford rent by themselves anywhere in the US for the same skill level of work.
Instead of paying people any more than absolutely necessary, we pay shareholders. No pensions, let alone benefits for a lot of people.
We need taxes on the wealthy and higher wages, if not legally mandatory profit sharing schemes for all businesses
Preach! I have an advanced degree in a technical field and I earn (adjusted for inflation) about 75% of what my father did in the same industry doing similar work without even a GED. The real punch to the gut is I live in a high cost of living area while he worked in a very low cost of living area. Thanks, capitalism!
The reality is that the job is kind of irrelevant. We had a manufacturing economy then, and a service based economy now, but the real difference between today and back then were wage strength and social parity. Of course pensions existed too, but still.
Back in the day one man could make enough to support a family on a relatively entry level skill level income. Today one person can hardly afford rent by themselves anywhere in the US for the same skill level of work.
Instead of paying people any more than absolutely necessary, we pay shareholders. No pensions, let alone benefits for a lot of people.
We need taxes on the wealthy and higher wages, if not legally mandatory profit sharing schemes for all businesses
Preach! I have an advanced degree in a technical field and I earn (adjusted for inflation) about 75% of what my father did in the same industry doing similar work without even a GED. The real punch to the gut is I live in a high cost of living area while he worked in a very low cost of living area. Thanks, capitalism!