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If the economy were to really boom like it did in the late 1990s, what impact will that have on the wages of unskilled workers and the type of jobs that they do?
I suspect the average person who works for under $10 an hour today will not be part of the booming economy. They will just compete against a growing number of immigrants who will flood into the country. Prices will go up faster due to the booming economy and the unskilled workers will lose out and still struggle.
Not necessarily. It would offer plenty of opportunities for career minded people who would like to become skilled though. That is how you grow a middle class.
America has a large population of unskilled workers who cannot contribute much to the economy at the moment. Companies used to train unskilled workers to do semiskilled functions. The brightest could then climb the ladder even higher. Workers are not a popular investment option any longer though.
Hmm....if we get enough demand thats local....expect a form of H1-B for low skilled individuals, and a growing demand to legalize illegals.
So nope, those with money will force changes to laws that will prevent demand from pushing wages up for those at the bottom. Not because they are evil or anything, but rather because they will be focusing on their bottom line.
Not necessarily. It would offer plenty of opportunities for career minded people who would like to become skilled though. That is how you grow a middle class.
America has a large population of unskilled workers who cannot contribute much to the economy at the moment. Companies used to train unskilled workers to do semiskilled functions. The brightest could then climb the ladder even higher. Workers are not a popular investment option any longer though.
What jobs could we train them for? We don't do manufacturing anymore, and IT and programming jobs only hire the best and brightest.
Not necessarily. It would offer plenty of opportunities for career minded people who would like to become skilled though. That is how you grow a middle class.
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Correct, if they choose to do better, opportunities are abundant.
I think about 30% of the US population will be in low skilled low pay jobs for most of their lives due to language, intellectual and emotional challenges. If the economy booms will their pay go up-faster than the rate of inflation- if they remain in low skilled jobs?
What jobs could we train them for? We don't do manufacturing anymore, and IT and programming jobs only hire the best and brightest.
Carpenters, handymen, etc.. are doing well right now. HVAC repair, etc... These don't require much training (relatively speaking) but good trades make decent money.
Regarding programming jobs, even those are hard to find now. We have a perfect storm (in the US) of big business working with big government to create special rules for themselves. I am not sure what field of study to recommend to HS graduates anymore.
I think about 30% of the US population will be in low skilled low pay jobs for most of their lives due to language, intellectual and emotional challenges. If the economy booms will their pay go up-faster than the rate of inflation- if they remain in low skilled jobs?
does it matter if their income goes up if all they do is spend it and watch it leave just as fast as it comes in?
tell me how they are better off when they don't actually get around to saving/investing the increased wage?
we see some already testing the no tips thing at food jobs because of higher wage, I'm glad tipping might be killed off... we see how uber is turning people into on demand "contractors"...
next we will see people being hired "on commission"... if you can't make $X for company, you don't get paid...
IE sure, we will pay $100k/year, but you have to make us $1million before year end or you won't be seeing that $90k bonus, and will have to live on the $10k/draw. Already the increased handing out of bonuses instead of raises is working in this direction.
Quote:
Originally Posted by s1alker
What jobs could we train them for?
how about anything? If a fast food worker can flip a burger, he can be a line chef... if he can do that, he can work way up to head chef... Train people on how to be motivated and work to get ahead for themselves, not to rely on someone else like they are now. Instead of working to get a better job, they are working on relying on someone else to pay them $15/hr... the amount of time they've put into protesting for it, those people could have gotten a $15/hr job by now since it's been what 2 years? longer? since the protests started? Who CAN'T move up to $15/hr? NOBODY that wasn't motivated... It won't be a "dream" job, "easy" job, "nice" job... so what? They want $15/hr, they can do hard, dirty, laborious jobs that other people wont and then they can bank that money and skill. But no, they just want to stand and wave signs... who else stands and wave signs? panhandlers and beggars... but hey, at least they will be accustomed to life on the streets in a decade since they aren't developing actual skills
What jobs could we train them for? We don't do manufacturing anymore, and IT and programming jobs only hire the best and brightest.
There are plenty of manufacturing jobs. Nobody wants them. Instead, people pursue the IT and programming jobs, allowing employers to be very picky.
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