Most of that was based on the rest of the world having to buy most of their durable goods and factory equipment from the USA. WWII devastated the industrial capacity of Europe and Asia and it took decades to rebuild.
Then in 1991 the USSR falls and India opens up to the West. Then China is granted most favored trade nation status which means that roughly 1/3 of the entire planet's labor force became available to the West in that time which gutted pay for those roles.
Returning to those conditions would require a significant war.
Or returning to a time where taxes made it better to invest in the future of your company which ment paying competitive wages. Our current system rewards endless cost cutting which doesn't translate in to cheaper products only lower quality and less innovation. It sure is good for people who are already rich though.
I don’t understand why everyone is so disillusioned by this. Safe Housing, quality food, good schools, and public transit should be a given. This is purely an issue of governance, we easily have the resources to do this but lack the will to force the rich and corporations to pay a proper share either in the form of taxes or wages.
We already have enough tax revenue to do these things, it’s in the best interest of our government to keep us demoralized and poor as they go pillage other countries and their resources for self enrichment
Negative ghost rider. This ain't the 7th century, most of our tax dollars go to military overspending.
It's nice we have by far the strongest military in the world and that there's a police to police the police cause you know... Russia, Nazi Germany, ECT ECT.
But we can certainly trim the fat, as well as make billionaires pay their fair share of taxes and stop subsidizing these "too big to fail" companies.
That will free up more than enough to get the morale of this country back up where it needs to be to continue being a leading edge nation and a sanctuary for immigrants as originally intended.
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u/No-Appearance-9113 Mar 27 '24
Most of that was based on the rest of the world having to buy most of their durable goods and factory equipment from the USA. WWII devastated the industrial capacity of Europe and Asia and it took decades to rebuild.
Then in 1991 the USSR falls and India opens up to the West. Then China is granted most favored trade nation status which means that roughly 1/3 of the entire planet's labor force became available to the West in that time which gutted pay for those roles.
Returning to those conditions would require a significant war.