2 ms·
Others have mentioned geopolitical priorities like self-sufficiency or wartime economics, but I'd like to focus on the popular-opinion side of things. It's mis
by Terr_ 1y ago
Others have mentioned geopolitical priorities like self-sufficiency or wartime economics, but I'd like to focus on the popular-opinion side of things.
It's misguided nostalgia: People recall a time of high wages which co-occurred with certain industries/jobs and strong labor unions. [0]
They (reasonably) want that kind of high earning-power to return... but incorrectly assume (A) the same products/processes are still highly profitable/scalable and (B) that they'll somehow (re-)capture a big slice of any pie without (re-)unionizing.
[0] https://www.epi.org/publication/unions-help-reduce-disparities-and-strengthen-our-democracy/ https://www.epi.org/publication/unions-help-reduce-dispariti...