Doorgaan naar hoofdcontent

Collapse of the Middle-Class Job


The Collapse of the Middle-Class Job

 
 
| Op-Ed 
23 Comments
891
How to pay for a solution? A financial speculation tax on the rich and, for the poor, a tradeoff of safety net benefits for the security of a guaranteed income.

SOURCENationofChange
Our middle-income jobs are disappearing. That fact may be disputed by free-market advocates, who want to believe Barack Obama when he gushes, “We’re in the middle of the longest streak of private sector job creation in history.”
But the evidence shows that living-wage, family-sustaining positions are quickly being replaced by lower-wage and less secure forms of employment. These plentiful low-level jobs have padded the unemployment figures, leaving much of America believing in an overhyped recovery.
The Incredible Shrinking Job
New research is beginning to confirm the permanent nature of middle-income job loss. Based on analysis that one reviewer calls “some of the most important work done by economists in the last twenty years,” a National Bureau of Economic Research study found that national employment levels have fallen in U.S. industries that are vulnerable to import competition, without offsetting job gains in other industries. Even the Wall Street Journal admits that “many middle-wage occupations, those with average earnings between $32,000 and $53,000, have collapsed.”
Productive Workers, but Less of Them
High-salaried jobs in technology still exist, but they’re available to fewer people as machines become smarter. Netflix, for example, serves 57 million customers with less than 2,200 employees, who have a median salary of $180,000. Google is worth $370 billion but employs only about 55,000 workers (50 years ago AT&T was worth less in today’s dollars but employed about 750,000 workers). Facebook’s messaging application WhatsApp has 55 employees serving 450 million customers.
As jobs are downsized, profits are maximized. Apple makes over $500,000 per employee; Facebook and Google are both over $300,000; Exxon and Phillips 66 are both well over $250,000; Merck and Allergan and Pfizer are all significantly over $100,000. Just 25 years ago GM, Ford, and Chrysler generated a combined $36 billion in revenue while employing over 1,000,000 workers. Today Apple, Facebook, and Google generate over a trillion dollars in revenue with 137,000 workers.
Researchers at the University of Chicago have estimated that half of the labor decline in this century is due to the replacement of people with computers and software. Oxford University researchers forecasted that half of all jobs will be performed by machine by the 2030s.
More Jobs Lost to the “Gig Economy”
A recent Harvard/Princeton study concluded that the increase in alternative workarrangements — contract and ‘gig’ jobs — is impacting previously stable sectors such as transportation, information technology, education, health care, and public administration.
Contract work is even invading the low-income ranks, making them yet lower-income, as in Silicon Valley, where tech experts are increasingly being served by janitors, bus drivers, food service workers, and security guards who are no longer employees with benefits, and who make only about 70 percent of the salaries of hired employees.
A Solution: The Guaranteed Income
We need the assurance that every American family receives a sufficient living income as compensation for the great productivity and unprecedented levels of wealth derived from decades of new technologies funded by our tax dollars. We and our families have all contributed our labors and taxes over the past three-quarters of a century. But social equanimity lags far behind finance and technology, and thus the relatively few people positioned to exploit this new knowledge have reaped most of the benefits, in many cases under the guise of achieving “self-made” fortunes. The truth is much different.
Our phones, our Internet searches, our medications, our transportation systems, and our national security all originated with our tax dollars. Entrepreneurs deserve compensation for their initiative and innovation, but for the most part the nation’s prosperity has arisen from the productive commons that is our heritage. A guaranteed income will only come about if 35 years of redistribution to the rich is reversed.
How to pay for it? A financial speculation tax on the rich and, for the poor, a tradeoff of safety net benefits for the security of a guaranteed income. And, most significantly, through the massive stimulus that will result from millions of people made productive again, as the guaranteed income offers them opportunities to improve their lives.

Reacties

  1. MSNBC is de derde grootste nieuwszender in de VS. Volgens sommigen met een links van het midden signatuur, en oh oh wat hebben ze graag dat Hillary kandidaat wordt. En om dat voor elkaar te krijgen is het bereid het volk zand in de ogen te strooien. MSNBC: Hillary's Propaganda Network https://youtu.be/iiHDKoRF5vs

    BeantwoordenVerwijderen

Een reactie posten

Populaire posts van deze blog

Geert Mak Pleit Nu Voor Vriendschap met Rusland

Ik kwam zojuist mijn oude vriend, de bestseller-auteur en mainstream-opiniemaker Geert Mak in de regen op straat tegen. Na elkaar te hebben begroet, vertelde Geert mij dat hij van oordeel is dat Europa zo snel mogelijk met Rusland om de tafel moet gaan zitten, om de opgelopen spanningen te deëscaleren. De VS heeft heel andere belangen dan 'wij,' aldus Mak, die benadrukte dat de macht van 'onze' Atlantische bondgenoot ingrijpend aan het afnemen is. Kortom, ik hoorde wat ikzelf al enige jaren op mijn weblog schrijf. Opvallend hoe een Nederlandse opiniemaker binnen zo'n betrekkelijk korte tijd zo wezenlijk van oordeel kan veranderen.  Immers, Mak’s gevaarlijke anti-Rusland hetze was een treffend voorbeeld van zijn opportunisme. Mei 2014 beweerde op de Hilversumse televisie de zogeheten ‘chroniqueur van Amsterdam, Nederland, Europa en de VS,’ dat er sprake was van een 'Russische gevaar,’ aangezien ‘meneer Poetin’ aan ‘landjepik’ deed en dat de Russische president d…

America Has Been at War 93% of the Time Since 1776

America Has Been at War 93% of the Time – 222 out of 239 Years – Since 1776 By Washington's Blog Global Research, December 26, 2017 Washington's Blog 20 February 2015 Region:  Theme: 

Native American Rape Survivors

A sign marks the entrance to White Earth Indian Reservation in Mahnomen County, Minn. (J. Stephen Conn / CC 2.0) WHITE EARTH RESERVATION, Minn.—Candice (not her real name) awoke with a start. Someone was pulling down her sweatpants. It was a male friend. “Stop!” she shouted. He kept groping her. She kicked him and he fell off the bed. She dashed out of the bedroom, tripping and tumbling down the stairs. Gripped with fear, she heard his footsteps behind her in the dark and forced herself to stand upright as she staggered out to the porch. Candice was still intoxicated. She got into her car and drove into a ditch. A white police officer pulled up. She struggled to hold back tears as she told him about the attempted rape. All the officer saw was a drunk and disorderly Native American woman. He dismissed Candice’s report of sexual assault as a lie she had made up to avoid getting a DUI. He did not take her to the hospital for a forensic exam. The sexual assault was not recorded in his pol…