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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 445.60-10.1%4:00 PM EST
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To: carranza2 who wrote (79572)9/13/2011 8:36:17 PM
From: Ilaine  Read Replies (1) of 219905
 
Again, not my link. Having been an adult from 1968 (OK, 1970) through 2011, I've seen so many changes that gross aggregate wages cannot begin to describe.

  • Women workers entering the wage force employed in formerly male jobs.
  • Black workers and Latino workers entering the wage force employed in formerly white jobs.
  • Illegal immigrants entering the wage force employed in formerly legal jobs.
  • Jobs for formerly skilled laborers being done by computers and robots.
  • Jobs for formerly skilled laborers going offshore.
  • Offshore call centers.
  • Aging of the work force, baby boomers retiring.
  • The biggest change, probably, shifting manufacturing from USA abroad.
Comparing 1968 to 2011 is apples to oranges. Nevertheless, for those workers left behind here, most of the above described changes cause economic pain. For consumers, economic gain. Net net, overall, I don't know. Net net, for me, gain.
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