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In reply to the discussion: THE PAY IS TOO DAMN LOW [View all]ljm2002
(10,751 posts)You say:
"a better solution should be to encourage more training and trade school programs for our rapidly evolving economy"
From the OP:
"over the past three decades, the U.S. economy has done a poor job of creating good middle-class jobs; five of the six fastest-growing job categories today pay less than the median wage"
Your assumption is that there are plenty of good middle class jobs to be had if only people retrain for those jobs. The reality is much different. For instance, about 25% of IT graduates cannot find a job in their field of training. This at the same time we are told we need more, not less, H1B candidates because of a shortage of IT workers.
The forces of the multinational corporations are arrayed against us and that is a fact. If only we had politicians in Washington who cared a whit. But apart from a very few, that is not the case. They are in the service of the monied interests.
Anyway. As others have pointed out, pay everyone more and people have more spending money and the economy improves. This has been shown time and time again. Similarly, government stimulus and hiring when the economy is in the doldrums works, and has been shown to work; while austerity does not work, and has been shown not to work. Yet which policy do our esteemed Congress critters pursue? We all know the answer. It's the policy that is preferred by the big money boys, always and ever.
Corrupt to the core.
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