6 ms·
This. Lower and middle class wages have been stagnant for way too long. If protectionism isn't a good way to realistically raise lower and middle class wages in
by dukeluke 10y ago
This. Lower and middle class wages have been stagnant for way too long. If protectionism isn't a good way to realistically raise lower and middle class wages in America, then what is? (Keyword: realistically. Universal basic income is impossible in our current political climate.)
- mattnewton 10y agoEducation. Comprehensive job retraining programs for engineering and construction. Then follow it up with public works investment to use this labour in the short term. Protectionism is going to work, but for america's automation industry and a small lucky few who get selected during the transition. The middle class jobs you speak of are not coming back the same way. But it won't matter because this administration will be able to find one or two Americans who still have their jobs based on their policy ignoring that the cost of goods has gone up across the board and so real wages have gone down, so the average American may not be better off.