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I couldn't guess it. No, I'm not being sarcastic.
by egeozcan 10y ago
I couldn't guess it. No, I'm not being sarcastic.
- Mikeb85 10y agoRead someone like Piketty. He has tons of data to back up the assertion that the working classes are losing relative wealth. Then take an economics course. Realise that globalisation outsources manufacturing, agriculture, services, etc..., lowering costs, but also lowering wages. This is by design. The 'Information' industry in the west was supposed to make up for the loss of blue collar jobs. Except it hasn't. And then also realise that immigration increases the size of the workforce, especially the uneducated workforce. Again, downward pressure on wages. Personally I think progressive economics provides a better solution than the regressive protectionism of the right. Except the left pretends there's no problem, and here we are.