Throughout the history of this country we have had a roller coaster of a ride but the trend was always upward. Across the peaks and valleys of progress each generation somehow managed to do a bit better than the preceding one until now. The following clip is from the AARP Bulletin, March 2017.
Whether we can attribute this to Globalism or automation or a combination of the two, this is a disturbing trend.
Just a few days ago I heard an economist on talk radio discussing the need to tax industrial robots at the income rate of the humans they replaced. That way the government could maintain status quo without worrying about those pesky unemployed folks.
I don’t have the answers but I do want my kids to do better than me in the game of life. It’s time to recognize that this wage reversal is a serious problem and needs to be addressed, not merely recognized as existing.
Thoughts from the blogosphere?