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I rarely stop by this forum because I usually find what I expect from past visits: sky is falling scenarios, losers worried about "oligarchs", conspiracy theories, grand schemes where a few tax payers make sure the rest can live well without exerting themselves.
I am really disappointed. I expected to see something about the strike and the need for poorly skilled laborers to be paid high incomes. What happened to the American dream where low skilled workers could have great benefits, cradle to grave and be paid 6 figure incomes?
Does anyone see the economic importance of the GM strike?
So auto workers are poorly skilled laborers. How kind of you.
I usually don't stop by here because there are a couple of posters who think they are gods gift to the economic/investing forum and have to get the last word on very subject.
So auto workers are poorly skilled laborers. How kind of you.
I usually don't stop by here because there are a couple of posters who think they are gods gift to the economic/investing forum and have to get the last word on very subject.
Maybe I have the wrong impression and you can provide more information.
I have never worked on an assembly line but it seems that only minimal skills would be needed.
I rarely stop by this forum because I usually find what I expect from past visits: sky is falling scenarios, losers worried about "oligarchs", conspiracy theories, grand schemes where a few tax payers make sure the rest can live well without exerting themselves.
I am really disappointed. I expected to see something about the strike and the need for poorly skilled laborers to be paid high incomes. What happened to the American dream where low skilled workers could have great benefits, cradle to grave and be paid 6 figure incomes?
Does anyone see the economic importance of the GM strike?
I seldom visit this forum because it smells way too much of political theater, a common mishap nowadays.
Maybe jrkliny is a troll, but this could be fun.
The American dream is reaching one's full potential based on merit, not pedigree, and keeping most of what one earns as an incentive and reward, inspiring others to live up to their potential in turn, instead relying on the pedigreed for sustenance (like easy credit, for example).
Once upon a time in America, basic labor was highly valuable for laying down basic infrastructure and manufacturing basic products, there was enough new income to go around to those who participated, which at one time amounted to as much as 85% of the labor force. A particularly good business was controlling labor unions, especially regarding the coastal and inland handling and transport of the nation's goods.
In fact, they achieved virtually a monopoly, became too powerful for the interests of many, and measures were taken to reduce them, at least in the transportation and manufacturing sectors.
The measures largely worked, perhaps all too well, and now too large a critical mass is reduced to over-consumption on credit, instead of consumption on income, real income from real work. The participation rate today is what it is.
So the pendulum perhaps swung too far to one side and perhaps it is time now to help it swing back in the former direction. Perhaps some protective assistance for manufacturing jobs and wages, for average income earners, is in the best interests of the economy on US soil and everyone legally on it; not without cost to be sure, but manageable and effective with the right set of economic policies.
Real work, real love.
I won't hold my breath for that and I am not sticking around for the barrage of fruitless political theater that will certainly follow.
Not really. In fact the opposite is true. I would love to believe that this forum provided insights and discussion of economic topics. In the past there seemed to be only a couple sorts of topics. First, the world is unfair, followed by finger pointing and second, the sky is going to fall, again followed by finger pointing.
The GM strike could have profound consequences. Will a "successful" strike occur and indicate a trend? Will the strike fail? Even if successful will the results only cover up the ongoing trends in manufacturing?
People seem to be confused about the strike. It is not about wages. The main issue is the use of temporary workers with no means to move up or become employees of the company. Some temporary workers work as temporary workers for a decade or more. A secondary issue is the dual track system. Again not really about wages, but about how wages are distributed among different people.
People seem to be confused about the strike. It is not about wages. The main issue is the use of temporary workers with no means to move up or become employees of the company. Some temporary workers work as temporary workers for a decade or more. A secondary issue is the dual track system. Again not really about wages, but about how wages are distributed among different people.
So it is about the Union trying to reassert control?
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