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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 378.35

+2.7%

Nov 10 4:00 PM EST

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To: average joe who wrote (97069)	12/10/2012 11:26:02 AM
From: elmatador	3 Recommendations Read Replies (2) of 217661

How middle class became beyond reach: The company adapted to people. People, being who they are, started running the company for their own goals. A private company run by the owner still can be like a company from the early time the firm was constituted. The shareholding company, over the years, was changed based on the goals management and its employees. The company discovered they were bringing wives and sons and your friends as employees. Management was having cozy deals with suppliers and customers. Coming 1980s, the US first recognized that. Capital wanted more return from their investments. Started re-engineering and dismantled the company and sending work to where labor was cheaper. Kept in the country of origin those bits they knew how to do better or that they wanted control. As a result the less educated workers, who had ascended to middle class, started falling by the way side. They had climbed based on that American invention: training. Companies no longer need to train them. Once they get trained they demand more money. So just let the cheaper country deal with that part of work that needs training. The lowly workers have no more chances of improving their careers and their lives. The usual answer is: They should get an college degree. First they may not be smart enough to get a college degree. They may not have the money to spend 4 years in college and support themselves while there. Third they may get a college degree and still be in the same place where they started. Why? If this mass of workers get a college degrees they would be competing against each other and their salaries would not increase. They can be lowly educated but they are jot stupid. They start discovering that more education does not translate into higher salaries.

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