The Economist: bad housing policy is “the West’s biggest economic policy mistake”.https://www.economist.com/leaders/2020/01/16/home-ownership-is-the-wests-biggest-economic-policy-mistake …
-
The US as a manufacturing superpower is romanticized for the wrong reasons. Manufacturing jobs weren't better because they were manufacturing, they were better because workers had stronger bargaining power through unions, legislation, etc. Those are mostly gone.
Do you have a stat on what percentage of america's [manufacturing] labor force was unionized in the 70s? I bet it was the minority. We lost plenty of good-paying non-union manufacturing jobs to deindustrialization, too. Those workers had more bargaining power than they do today.
-
-
In the 1973, it was almost 40%. It's declined rapidly since then. Even when union affiliation is a minority, it can exert substantial upward pressure on wages. https://www.unionstats.com/Private-Sector-Manufacturing.htm …
-
I agree that union membership helped US labor's wages before it became easy to outsource. However, I also believe that, even in a US that banned unions, we'd be better off as a more industrialized nation, both for manufacturing labor and the country as a whole.
- 8 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.