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Go read The World is Flat by Thomas Friedman. Things changed greatly from when I got out of grad school in 1982 and when I was laid off from my job at the end o
by johnminter 8y ago
Go read The World is Flat by Thomas Friedman. Things changed greatly from when I got out of grad school in 1982 and when I was laid off from my job at the end of 2017. I worked for a company that had 65,000 employees in our city when I started and about 2000 when I left.
Many called Ross Perot a nutjob when he coined the phrase "The great sucking sound of jobs leaving the country." I watched it happen.
We also watched the ratio of the highest paid employee/ lowest paid full time employee skyrocket. I understand that there are high performing employees, but economies need a large middle class who have income to buy products (without running up debt) for the economy to prosper.
Now we see people trying to support families on what were after school jobs for high school students... Times changed when offshoring became easy...
- nemo846 8y agoAutomation has eliminated a ton of jobs. Look at the steel mills of the early 20th century. They had groups of people hoisting around huge pieces of steel on chains. Look at a modern steel mills. All that hoisting is now done by heavy machinery control by one guy in an air conditioned operator cabin. By offshoring or just the advancement of technology, those jobs are gone. People just have to invent new ways to contribute to society - to say it’s “easier said than done” is understatement though; but there is really no other way.