- Dec 16, 2006
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'Moderate' isn't where it used to be.
We now have many millions more people in the job market than there are opportunities for employment.
It started in 1975 when automation reduced the job opportunities in agriculture and in manufacturing. The workforce was primarily male, and yes, it was unfair, and initially it helped balance the household budget but it got worse as pay rates began to decline relative to the actual costs of living because working wives further increased the supply of people seeking work - while
- demand declined.
Imports were taking an increasing share of market demand, and soon big corporations started moving factories out of the country as healthcare costs ballooned due price gouging in the government-enforced healthcare and pharmaceutical monopolies.
We now have many millions more people in the job market than there are opportunities for employment.
It started in 1975 when automation reduced the job opportunities in agriculture and in manufacturing. The workforce was primarily male, and yes, it was unfair, and initially it helped balance the household budget but it got worse as pay rates began to decline relative to the actual costs of living because working wives further increased the supply of people seeking work - while
- demand declined.
Imports were taking an increasing share of market demand, and soon big corporations started moving factories out of the country as healthcare costs ballooned due price gouging in the government-enforced healthcare and pharmaceutical monopolies.