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Why should corporations create good paying jobs they don't need?
Once upon a time armies of people were employed in middle class jobs that handled paper, money, stock certificates, documents, newspapers and so on. Technology made those documents and the jobs associated with producing, distributing, safekeeping and counting paper obsolete.
Should government have intervened and created laws that prevented business from becoming more efficient and instead, continued to employ the masses?
Good observation.
One of my first jobs was in the "back office" at a Wall Street firm taking in checks and stock certificates.
Must have been about 50 of us just doing that for customer accounts.
Now it's all electronic including the funds to pay for them.
No. Higher paying jobs got off shored. More service level jobs got created.
2 different employers. People went from white collar office jobs to flipping burgers or cashiering at Walmart.
Don't blame Walmart for not paying people what they used to earn on previous jobs.
That is the changing face of America and has been for near 20 years now.
More like 30+ years, now. And a heck of a lot of formerly well paying jobs became obsolete because it's more productive to use machines than humans.
Next up will be low paying service jobs. Amazon/ Zappos will be more productive using robots in their warehouses than humans. We'll order our food via touch pads, we check out and bag our own groceries We do our own word processing and number crunching. No need for bus and taxi drivers when vehicles can drive themselves.
Seems like you just made my point. How is that not the fault of the "job creators?"
Why should a company pay a premium to employ a US worker when it can employ offshore labor for less?
Then there's the whole multinational thing.
60% of GE's income is derived from offshore enterprises and business ops. It's challenging to operate or service a nuclear power plant in Europe from the US.
About 1000 US corporations maintain operations in France and employ about a million French citizens and do so despite the tax situation and labor laws in France. And they manage to make. $ doing so.
So you were born about 15 years ago and know nothing at all about economics and think Obama is a magician? Take a course or you could also just read about the complexities of our economic system but that is so much work! It's much easier to regurgitate Breitbart. Seriously--you get your talking points from Breitbart?
Why start with 2008 (is that the beginning or end, by the way, because Obama took over in 2009)? Let's take a longer term view of the situation because perhaps, as I suspect, this is a trend that started before Obama took office, very likely before Bush took office even.
Well, yeah, but that doesn't fit the narrative spun by the OP.
The US priced themselves out of global competition.
It worked sort of well for a blip in time before global competition. It made us feel exceptional- we deserved to earn more and have more, just because. And politicians have been pandering to and reinforcing this perception of entitlement all along. USA USA USA, blah, blah, blah.
Most people didn't see a tax hike. People make $400K+ to as little as $250K saw a take hike in one form or another. However, 99% of people didn't see a tax hike. Even people making $250K-$400K+ got some tax cuts if they owned their own business. Trusts also got hit with a tax hike.
It is my understanding that the increase impacted only that portion of income greater than $400k.
Why start with 2008 (is that the beginning or end, by the way, because Obama took over in 2009)? Let's take a longer term view of the situation because perhaps, as I suspect, this is a trend that started before Obama took office, very likely before Bush took office even.
So called real income has not changed since 1973. It's Nixon's fault.
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Quote:
Originally Posted by HappyTexan
No. Higher paying jobs got off shored. More service level jobs got created.
2 different employers. People went from white collar office jobs to flipping burgers or cashiering at Walmart. Don't blame Walmart for not paying people what they used to earn on previous jobs.
That is the changing face of America and has been for near 20 years now.
except, you are wrong.
Wal Mart is indeed doing the same thing by making supervisors part time and lowering their pay, some time eliminating the position all together and splitting the hours between other associates.
More like 30+ years, now. And a heck of a lot of formerly well paying jobs became obsolete because it's more productive to use machines than humans.
Next up will be low paying service jobs. Amazon/ Zappos will be more productive using robots in their warehouses than humans. We'll order our food via touch pads, we check out and bag our own groceries We do our own word processing and number crunching. No need for bus and taxi drivers when vehicles can drive themselves.
For manufacturing I agree.
For other white collar jobs it was the advances in technology that allowed them to be off shored.
The internet is what opened the door to white collar offshoring and that was mid 90's or so when speeds started to increase.
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