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Wage Decline: No Mystery Whatsoever
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12-29-2005, 11:59 PM
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Flieteewell
Join Date
Oct 2005
Posts
397
Senior Member
Cheap labor is a result of two things...first
feminism.
Women wanted to enter the job market to prove their value (go figure)
This was during the late 60's, In America in 1975, 70% of our households - the woman stayed at home, by 1995 - it was the exact opposite.
This created a boom of employable people. Like supply and demand, wages began to decline, today two paychecks is not a luxury - it is a requirement.
Secondly, lowered tarriffs and eased restrictions on domestic companies importing their own products.
Then - as good ole' Howard would say...is the rest of the story.
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