Quote:
Originally Posted by RWebb
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I do not dispute the outcomes just the rational for it happening. Which I call BS on. What this rational FORGETS is that the American worker
only became MC after WW2 when America had a virtual monopoly on Industrial production (producing 50% of the world output).
I suppose the German, Euro, Japanese, South Korean, Taiwanese, Chinese, Mexican, Indian, and SE Asian etc workers had no effect on American jobs and wage structure? When those foreign workers came on line American labour had to compete with them for jobs. Which then put pressure on the American workers wage structure. That is where off shoring really began in the mid 1960's..first with ship building. The stagnation in wages came in 1975 well before Reagan stepped into the Oval Office.
So we just blame it on Reagan and the Supply Side economics. That is a load of crapola. Reagan did sell you "American Exceptionalism" which btw was a load in of itself as they handed out the credit cards so the conspicious consumption could continue.
Further if you recall in the mid 1980's American corporations like IBM to become lean and mean to compete with the Japanese eating Americas lunch for the first time laid off it's dead wood white collar workers. Relying on fewer managerial types to do the job of many, the best and brightest were sought out where Corporations were willing to pay top dollar for Superstar talent.
Yes under Reagan tax rates were lowered to spur investment but loophole deductions were eliminated as well. It was Supply side econ and the "Trickle Down Effect" Which did not offset the other forces at work.
You might say that no one addressed the REAL PROBLEM and tha was that times had changed for the American worker with foreign worker competition for jobs.
NO ONE LISTENED TO CARTER WHEN HE SAID PUT ON A SWEATER..which meant TIGHTEN YOUR BELTS.. just like in the old days.
SO now Americans are getting the big Fk you...for not listening...