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 …
-
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.
-
-
That's a fair point of view. But long term we can't sustain a big manufacturing labor force for the same reason we can't sustain a big rural labor force. Technology is inevitably making most people obsolete.
-
I agree that there's a good chance that we cannot sustain a large manufacturing labor force, but disagree with the reasoning. I think the threat of automation in manufacturing is grossly exaggerated. Automation looks like a huge threat to manufacturing jobs in the US because
- 6 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.