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america's new low wage economy
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<blockquote data-quote="wkmac" data-source="post: 1546591" data-attributes="member: 2189"><p>Yes, that is true. Over the last couple of decades the Middle Class has maintained itself not so much from growth in salary and wages but in the growth of debt. Although in 2008' and continuing that took a hit and thus our economic woes. Any discussion of wages and the Middle Class often takes on a very blue collar feel to it but white collar workers who often are salaried are taking a hit as well. IMO this is not a purely union or blue collar issue but a problem all across the entire economic spectrum. </p><p></p><p>Manufacturing, mostly on a small and medium scale serving local and regional markets was a vital backbone in what became the American Middle Class. Longterm careers, apprentice programs, (I'm a product of a machinist apprentice program) and working from the ground up for both blue and white collar made it possible for a high school grad. to having a positive and productive life. Even the high school dropout whose choice was discouraged could very often get a good paying job. Once these small and medium players were crushed, mostly as a result of topdown federal economic policy to benefit national and multi-national players, seems to me the death bells for the middle class began to toll. Even we at UPS have greatly benefited from this condition as local and regional produced goods don't require the level of logistics that large scale national and mulit-national interests do.</p></blockquote><p></p>
[QUOTE="wkmac, post: 1546591, member: 2189"] Yes, that is true. Over the last couple of decades the Middle Class has maintained itself not so much from growth in salary and wages but in the growth of debt. Although in 2008' and continuing that took a hit and thus our economic woes. Any discussion of wages and the Middle Class often takes on a very blue collar feel to it but white collar workers who often are salaried are taking a hit as well. IMO this is not a purely union or blue collar issue but a problem all across the entire economic spectrum. Manufacturing, mostly on a small and medium scale serving local and regional markets was a vital backbone in what became the American Middle Class. Longterm careers, apprentice programs, (I'm a product of a machinist apprentice program) and working from the ground up for both blue and white collar made it possible for a high school grad. to having a positive and productive life. Even the high school dropout whose choice was discouraged could very often get a good paying job. Once these small and medium players were crushed, mostly as a result of topdown federal economic policy to benefit national and multi-national players, seems to me the death bells for the middle class began to toll. Even we at UPS have greatly benefited from this condition as local and regional produced goods don't require the level of logistics that large scale national and mulit-national interests do. [/QUOTE]
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