2 ms·
Your attempt to point low-skilled labor as doing great ignores that a lot of low skilled workers are just leaving the workforce, and that a low-skilled job is n
by fullshark 3y ago
Your attempt to point low-skilled labor as doing great ignores that a lot of low skilled workers are just leaving the workforce, and that a low-skilled job is not a path to house ownership, in part because house inflation is heavily localized and not equally distributed. If you are a low-skilled worker in an urban environment that wage inflation maybe helps you keep up with rent and go out to dinner one more time a month.
Low-skilled labor in America is basically a temporary way to make money and offers no long term future. That was not the case 40 years ago. You have to use whatever opportunity a low-skilled job provides as a springboard to high skilled labor, otherwise you will tread water at best. In part cause you cannot use it to acquire financial assets (a house, 401k, etc) and the American economy is now built around ensuring financial assets appreciate (inflate in value).