The Soapbox

BocaHoo91

Joined: 06/03/2005 Posts: 31020
Likes: 52381


I think it's also that labor was more important to the success of companies


in the 50's and 60's. With automation and cheap labor options outside of the US, unskilled labor in the US has become marginalized. And the flip side of that is owning capital has become more profitable. When you get productivity gains through automation and outsourcing, the benefits, almost by definition, flow to management and owners instead of labor. And it will only get worse.

I do think we need to make major investments in developing a more skilled workforce in the US. The Germans have a pretty good model for this. I'm also not totally opposed to some sort of UBI system (as long as it's done in conjunction with a vast simplification of all the disparate aid and welfare programs) as there are people who continue to be marginalized and I think this could ultimately be a pretty destabilizing trend for our country.

(In response to this post by WahooRQ)

Posted: 08/15/2018 at 12:08PM



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Current Thread:
 
  
Elizabeth Warren’s new Corporate Citizen Charter -- BonsackHoo 08/15/2018 08:32AM
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