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View Diary: Don't think class war from above is real? Check out productivity and wage growth since 1973 (99 comments)

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  •  I'm getting old and wise (4+ / 0-)
    Recommended by:
    Utahrd, elwior, Hoya90, Dbug

    and full of the anecdotal love.  What we see in that chart is probably the net result of a few +/- factors:  

    1.  Advancements in industrial automation.   True story:  There was a time, back when we were a nation that made things, when people feared losing their jobs to Japanese robotic arms.  Which was before we actually did start losing our jobs to Chinese human arms.   What can I say?  It was a simpler time.

    2.  The computer revolution.  For the record, I took a typing class in high school.  On a typewriter with moving mechanical parts.  In my first job I used to type inter-office memos in triplicate, place them in re-usable manilla envelopes, and hand them to a guy who pushed a cart.  That guy sorted all the mail and delivered it to the recipients, who then typed a response in triplicate, placed them in...  etc.

    3.  Womenfolk began joining the workforce for reals.  As an aside, ever see the moving "Working Girl" with Melanie Griffith?  That was 1988.  1988!!  That's right...  career women were considered highly exotic, castrating creatures just 25 years ago.  Pass me a Virgina Slim, baby.

    4.  The tyrannical rule of our corporate overlords.   Hamsters, meet your new wheel.  Also, say goodbye to your unions, your pensions, and any expectation you might have had about a retirement party with a gold watch.   Or retirement.

    I'm not sayin'... I'm just sayin'.

    by AriesMoon on Thu Mar 07, 2013 at 01:49:00 PM PST

    [ Parent ]

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