LightRoasted
If I may ...
For your consideration ...
More or less for the class .....
Ordinary, regular, everyday, people are hugely disillusioned and angry today, [as evidenced by the frustrations vented 24/7 here] … they hearken back to the golden age of the mid-20’th century when a single wage earner could afford a good house, dignified working conditions, and education and upward mobility for his children…the company president made perhaps 10 times that of the shop floor worker and there was no such thing as a debt-leveraged sword of Damocles hanging over the entire economic edifice of the Nation, where anything and everything has been turned into an interest-bearing ‘financial instrument’. They can't get ahead because of the constant devaluing of the dollar.
Supply and demand side depressing wages wasn't because of women entering the workforce. Women had to enter the workforce to supplement household incomes due to the dollar losing it value just to maintain the family's standard of living. Which also meant that children weren't being raised by the parents, but by daycare centers, baby sitters, and public schools. It has now gotten to the point where even having both spouses working just doesn't cut it anymore, so, instead, families have to reduce their standard of living, going without many things they used to enjoy. And I'm not talking of extravagances.
I'd like to see this overlaid with % of women in the work force, the revolution started happening at the tim the divergence happened. Suddenly there was more available labor, of course with supply and demand jobs could pay less.
More or less for the class .....
Ordinary, regular, everyday, people are hugely disillusioned and angry today, [as evidenced by the frustrations vented 24/7 here] … they hearken back to the golden age of the mid-20’th century when a single wage earner could afford a good house, dignified working conditions, and education and upward mobility for his children…the company president made perhaps 10 times that of the shop floor worker and there was no such thing as a debt-leveraged sword of Damocles hanging over the entire economic edifice of the Nation, where anything and everything has been turned into an interest-bearing ‘financial instrument’. They can't get ahead because of the constant devaluing of the dollar.
Supply and demand side depressing wages wasn't because of women entering the workforce. Women had to enter the workforce to supplement household incomes due to the dollar losing it value just to maintain the family's standard of living. Which also meant that children weren't being raised by the parents, but by daycare centers, baby sitters, and public schools. It has now gotten to the point where even having both spouses working just doesn't cut it anymore, so, instead, families have to reduce their standard of living, going without many things they used to enjoy. And I'm not talking of extravagances.