Originally Posted By: Trav
Originally Posted By: cashmoney
$10/hr jobs exist because there is tremendous excess supply of workers that have no high value skills. Guess what folks?...the world has radically changed in terms of local labor markets. It has gotten smaller economically and so capital and means of production naturally flowed to lower cost labor areas. This is an economic law like gravity and it absolutely cannot be regulated or legislated away. The US can do nothing in terms of laws/regs to make factory jobs come back. So the way for US workers to earn higher labor rates/salary in today's world economy is to EARN it by first developing high value skills, investing in building high value skills and then working hard maintaining and improving them over your career. If a person does not have the smarts or the initiative to do that then $10/hr is about what their labor is worth. You don;t have to get a university degree to do this , you can get a high value skill like welding, auto tech, HVAC, electrician, medical tech, etc. There are still plenty of ways to make a decent salary in the US but it takes a little planning, sacrifice and initiative...sadly those traits seem rare these days.
The US is trying to maintain a lifestyle based on a service economy and it will never work. Its doomed from the get go.
Once manufacturing went overseas so did the American dream with it.
All this politically correct clap trap about higher eduction for all is beyond delusional.
Out of all my nieces and nephews only 1 should be (and is) in college, the rest are in college but are as clever as a brush, which is what they should be learning to operate.
IMHO probably less than 10% of college student deserve to be there but its PC and we have do something with them because there are very few medium skill manufacturing jobs left.
In the PC country this has become. IQ over 80 college bound and the rest Walmart, McDonalds, etc.
Both of these posts are very insightful. I think the push for universal college education is a big issue. More college educated workers results in a push for higher wages among a limited number of medium/high skilled jobs that do not necessarily
require college educations. That push for higher wages results in higher operating costs, which makes off shoring of medium and low skilled jobs that much more attractive. Once off shoring begins, domestic low/medium skilled wages get depressed in an attempt to remain competitve. Then you get into the situation where you have high paying high skilled jobs and low paying low skilled jobs with little transitional space in between. There needs to be a bigger push for "find your niche", which may mean some people go to college, some to trade schools, and some only complete high school. Having a workforce full of degreed communications, performing arts, and German polka history majors does not seem too bright, all in the name of getting a college education.
Don't get me wrong. I believe a strong work ethic and a willingness to do what needs to be done and go where you need to go can get you far in life. I have a friend who is in his early 30s and is not college educated but is the sole breadwinner for his family of five and they have a comfortable life. They are not wealthy, but are solidly middle class and are getting ahead in life. He busts his rear every day and was willing to move from SoCal to Texas in order for his family to have a better life. But many people are not willing to do that.
The arguement that you could make x at a certain job 30 years ago does not mean that that was the economically "correct" wage for that job.
Trav, Germany seems to be doing a few things right with their economy and have a strong manufacturing base. What is their approach to higher education?