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OT: Some really bad news for the local economy
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[QUOTE="cuseinchina, post: 792166, member: 3079"] We may work hard in terms of hours put in but we definitely don't work smart. The economy is so consolidated that provider of labor have lost their collective ability to share gains with providers of capital. In other words too few people own and control too many industries ensuring that the spoils of our record breaking profits (despite the still lousy economic backdrop) are going to owners and investors rather than to employees outside of those who make it beyond the ranks of middle manager. Historically there has been some sharing of the gains with employees...but the structure of our economy has shifted and that is no longer the case. So sitting there and slogging along in a menial corporate/industrial job may show good work ethic but it's not going to do anything to make this country better. Immigrants on the other hand, largely shut out from those jobs, start businesses - they take control of their lives and create jobs where employees have a stake in the outcome. One promising sign is that coming out of the great recession there is an uptick in home grown entrepreneurs who either couldn't get a corporate job or who have had a values shift and want to create something. Another good thing is that as the recovery continues eventually every efficiency will have been squeezed out of the corporate systems and they will have to add workers and invest to generate future growth. But until something structurally changes, every time we have a recession the workers will fall further behind. I say this as someone who has worked in very large corporations and also small private businesses - I was always on the winning end of the stick but it was very clear who wasn't and that is the vast majority of lower level employees. [/QUOTE]
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OT: Some really bad news for the local economy
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