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That ship sailed. Here's what working class prospects looked like decades ago: - Stable lifetime employment with a single firm was not unusual. - Plentiful we
by knieveltech 10y ago
That ship sailed. Here's what working class prospects looked like decades ago:
- Stable lifetime employment with a single firm was not unusual.
- Plentiful well-paying work was available for individuals with a grade school education.
- Overtime pay kept work over 40 hours in a week to a minimum and it was considered unusual bordering on pathological to take work home.
- Retirement pensions were a common company benefit.
- Interests rates on savings routinely beat inflation.
- Strong organized labor held even non-unionized employers in check.
To summarize: a highschool grad with a modicum of luck could land an entry level job at a firm, work their entire life for that company, and retire without having to worry about eating cat food to pay for medicine.