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I suspect one would see that the gap between the two lines is filled in nicely by the increase in Chinese median incomes as US executives moved our manufacturing over there to take advantage of crazy low wages, no unions, and no environmental laws.
The workers and companies who were exporting those jobs were very "productive" at increasing corporate profits at the expense of our working class.
No coincidence this happened in 1972, right when the divergence began?
I suspect one would see that the gap between the two lines is filled in nicely by the increase in Chinese median incomes as US executives moved our manufacturing over there to take advantage of crazy low wages, no unions, and no environmental laws.
Every advance in tech has made things easier to organize and produce and eliminated drudge jobs.
Something happened in middle 1970's, and they diverged.d6rB says
I was struggling with explanation (what happened in mid-1970's) and I am still not sure.
plenty of workers left to compete for wages
Turns out people can want/need things they never had before
What kind of wall is Trump going to build to prevent international telecommuting including replacing coders in the U.S. ?
I suspect one would see that the gap between the two lines is filled in nicely by the increase in Chinese median incomes as US executives moved our manufacturing over there to take advantage of crazy low wages, no unions, and no environmental laws.
The workers and companies who were exporting those jobs were very "productive" at increasing corporate profits at the expense of our working class.
Telemigrants are coming for your white-collar job, and a wall won’t stop them, workers stay in their country and telecommute to jobs in the U.S. and earn far less than an American.
The part of globalization that really hurt Americans workers is not just that they were made to compete with poor people, it is that the managers of this country took American technologies, know-how, factories, etc... and sent all of it to foreign countries, then put American workers in competition with thus equipped low wage workers.
20% of the country is now foreign born
10s of millions of unskilled workers where the male is working off the books while the female and children are 110% on welfare.
Wonder how many would be here commenting if millions of unskilled workers were not allowed in during that period
Something released in the last 12 months or so covering a reasonable period of time that shows the male is working "off the books" while the rest of the family is on the dole.
What about poor native born - all races ?
Meanwhile, go hang out at a 7-11 or Home Depot and count the men working off the books with wedding rings.
Lowered wages due to a Business/SJW deliberate glut of unskilled barbarians from the third world.
Funny - those same concerns were around during the great migration of Europeans, Scandinavians, Irish, Slavs etc. around the time period I reference above.
They didn't need them before and they still don't need them but peer envy greases the skids so people buy things they think the need.
That translates to we can offer whatever shitty wages and benefits we want because what one person does not take, someone else will and be happy they got the position.
But if you think that my desire to have a smart phone is just a function of peer envy, why don’t you give up yours permanently?
Mindless clueless people with their faces buried in little screens oblivious to the world around them.
You must be on your computer quite a bit to be this responsive.
Unless it truly is your job to shill for the Leftist oligarchs...
Second, there was a need for immigration more back then compared to now. Think about the debt and tax revenue trends in California, particularly the influx of net-takers compared to the costs for pensions and salaries of Californian government employees (i.e., school teachers, social workers, police, etc.). Those current trends nowhere existed in the past when there was a major influx of European immigrants.
Third, there is more of a cultural domination of one group (i.e, spanish speaking) compared to more of a melting pot and diverse mix back to the period you are referencing. Examine the education pursuits and ambitions of today's group to the past's group, for example. Or examine the living conditions or standard of living as well.
You mean in the 50s and 60s a man with a factory job could own a house, TV, car, pension, etc. with a stay at home wife as whole new industries were created regularly, with patents up the ass, with everything from microwaves to color tv to transcontinental commercial air and spaceflight?
That was evil Modernist White Protestant America.
And I bet most young liberals don't know that all that came from military industrial complex. They aren't old enough to know, and don't educate themselves enough to learn a damn thing.
Mindless clueless people with their faces buried in little screens oblivious to the world around them
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I was struggling with explanation (what happened in mid-1970's) and I am still not sure. One potential explanation is in this link:
https://www.tbwns.com/2019/02/18/the-bears-lair-ben-bernanke-killed-the-world-economy/#more-1601
The paper,“Low interest rates, market power and productivity growth” by Ernest Liu, Atif Mian and Amir Sufi, examines the behavior of firms in a competitive marketplace as interests decline, and demonstrates that, although lower interest rates at first increase competitiveness through increased investment, they also increase the comparative advantage of large firms, thus after a time discouraging the smaller firms from investing and making the market less competitive.
Small firms lose out competition to large, well-connected ones under low-interest rate environment. Does not explain everything (interest rates were high during early Reagan years), but perhaps they play a role. I would love to hear thoughts of other Patnetters. For record, this income vs productivity gap has increased through both R and D administrations. More regulations?