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The larger pool of workers has also diminished the pay of those who do work.
Certainly that can be true to a point but that is also coupled with technology and more open markets.
Some of the most blatant forms of racism in the country were not the stereotypical southerners you might think of but rather people up north that did not want to compete with more workers.
At the same point the reduction of pay incentives organizations to do things cheaper or faster and to sell the products.
Certainly that can be true to a point but that is also coupled with technology and more open markets.
Some of the most blatant forms of racism in the country were not the stereotypical southerners you might think of but rather people up north that did not want to compete with more workers.
At the same point the reduction of pay incentives organizations to do things cheaper or faster and to sell the products.
If anything, a reduction of wages and an increase in profits usually just ends up going to shareholders and executives. It is rare that savings get passed along to the end consumer.
If anything, a reduction of wages and an increase in profits usually just ends up going to shareholders and executives. It is rare that savings get passed along to the end consumer.
It is the wages. If companies can pay low they will. Why would anyone pay more than they think they can when they can virtually find someone to replace them.
I think the American dream is still there a little bit, but it will be VERY hard to accomplish this due to the MASSIVE student loan debt that faces our kids. They are just starting out life and ALL that I know in my kid's class will have over $100K debt. I don't know how they figure the average debt to be less. Not in Pennsylvania. I wish the debt would be $40K, but that isn't doable at all. Maybe I need to be on welfare and I could get a better rate? Don't know.
If anything, a reduction of wages and an increase in profits usually just ends up going to shareholders and executives.
This is the crux of the matter. American business is more so these days about growing the money rather than growing the business. There are myriad things a government can do to place the focus on job growth, but many of those things work against "growing the money" and so they're no longer on the menu, due (again) to the fundamental policy reversals traceable to changes in our nation 35-40 years ago.
Back then, I remember how much focus there was in the executive suites on recognizing the "stakeholders" of a business - the shareholders were just one of four equal parties. CEO after CEO would outline for me just how they were building their business to serve investors, employees, customers and society. The acknowledgement of having "skin in the game" other than money is gone now. All that matters is the money - not people, not commitments, not relationships, not quality, not the product or service being offered.
If anything, a reduction of wages and an increase in profits usually just ends up going to shareholders and executives. It is rare that savings get passed along to the end consumer.
Then how does that explain Amazon It's been nearly 20 years without a profit and yet so much is given away.
How does that explain market basket?
Products keep getting better. How much does a phone call cost now vs a generation ago? How about video teleconferencing? If product A and product B are the same the only thing they can market it on is price.
What about access? I live in the northeast. I didn't even see a avocado until a few years ago in a supermarket. Middle eastern food wasn't even in supermarkets 15 years ago.
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It's been nearly 20 years without a profit and yet so much is given away.
