creating a world of joyful belonging
May 2, 2012 § 3 Comments
Correlation is not causation as my maths teacher taught me. I think the decline in middle class income has more to do with global trade (jobs shifting to China etc), and increase in productivity. The latter means that machines take lower skilled human jobs; think the automatic checkouts in Tesco. And that a few highly skilled people can make highly productive things (like Skype), creating an enormous windfall for themselves and the people who finance them. You’re right, however, to highlight the destruction of the middle class, and the concentration of economic power, as a vital and worrying trend in developed countries.
FYI Source: http://thinkprogress.org/economy/2011/09/05/311831/american-middle-class-organized-labor/
If trade unions had of been stronger, would the calls to distribute the wealth created by robots been stronger?
Fill in your details below or click an icon to log in:
You are commenting using your WordPress.com account. ( Log Out / Change )
You are commenting using your Twitter account. ( Log Out / Change )
You are commenting using your Facebook account. ( Log Out / Change )
You are commenting using your Google+ account. ( Log Out / Change )
Connecting to %s
Notify me of new comments via email.
« Link Loving 02.05.12
A Story To Inspire »
You are currently reading Why Trade Unions Matter – Graph at Casper ter Kuile.
Blog at WordPress.com.