maarsen Posted July 22, 2016 Share Posted July 22, 2016 1 hour ago, White Walker Texas Ranger said: Just policy-wise, what's your solution for the decline in median household income? I imagine closing borders to trade and immigration might increase median income a little, but given automation, I'm not sure it's going to be that much. And it's almost certainly going to be a net loss in purchasing power parity terms. I'm skeptical of educating under-employed workers to be computer programmers/entrepreneurs/massage therapists. Unions, maybe. I'm also a bit skeptical about the effectiveness of labor unions in a knowledge-based, service economy. In fact, the only real solution I can think of is for a gradual expansion in welfare state, eventually resulting in a Basic Income. Just a bit of history here. When unions were first formed, the main drivers were tradesmen as their skills were knowledge based and in a service environment. The word journeyman for a trades person reflects this fact. Without the skilled trades in a union, there is no impetus to settle strikes as unskilled workers are much more replaceable. Link to comment Share on other sites More sharing options...
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