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No it’s raised both our standards of living. Google the law of comparative advantage.
by valuearb 6y ago
No it’s raised both our standards of living. Google the law of comparative advantage.
- GeekyBear 6y agoNo, it's raised profit margins for manufacturers who no longer have to pay a living wage, healthcare, benefits, and obey stricter environmental and worker safety regulations. The unemployed here are not better off.
- valuearb 6y agoWhat unemployed? Unemployment was at record low levels before the pandemic.
- GeekyBear 6y agoEver been to the rust belt? There is plenty of unemployment in our nation's former manufacturing region. In addition, a Walmart cashier, Starbucks barista or Uber driver does not have the same standard of living that a UAW member once did. People are, on average, worse off than the preceding generations, all in the name of higher profit margins for the few. >Across Western Europe and North America, the middle class is shrinking, according to a new report by the OECD. With each new generation, a smaller share of the population find themselves earning middle incomes. When the Baby Boomers, who were born between 1943 and 1964, were in their twenties, some 68% were in middle-income households. Only 60% of Millennials, who were born between 1983 and 2002, could say the same at a similar time in their lives. https://qz.com/1592826/the-middle-class-is-shrinking-generation-by-generation/ https://qz.com/1592826/the-middle-class-is-shrinking-generat...
- valuearb 6y agoUnemployment statistics and median incomes prove your anecdotes and cherry picked statistics wrong.