Anti Wage-Slavery Pro-Freedom Quotations Of The Week 1527-1529
The Five Lies Of Rentier Capitalism
by Guy Standing
27 October 2016
Social Europe
As of last month, 11.4 percent of men between the ages of 25 and 54 — or about seven million people — were not in the labor force, which means that they were not employed and were not seeking a job. This percentage has been rising for decades (it was less than 4 percent in the 1950s), but the trend accelerated in the last 20 years.
From an economic perspective, however, there can be no revival of American manufacturing, because there has been no collapse. Because of automation, there are far fewer jobs in factories. But the value of stuff made in America reached a record high in the first quarter of 2016, even after adjusting for inflation. The present moment, in other words, is the most productive in the nation’s history.
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The enduring political focus on factory workers partly reflects the low profile of the new working class. Instead of white men who make stuff, the group is increasingly made up of minority women who serve people. “That transformation really has rendered the working class invisible,”
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Trump... “People are tired of lies, they’re tired of losing their jobs, they’re tired of seeing their companies being ripped out and going to other places,” he said at a rally in Erie, Pa. “That’s why the steelworkers are with me, that’s why the miners are with me, that’s why the working people, electricians, the plumbers, the Sheetrockers, the concrete guys and gals, they’re all — they’re with us.”
In all likelihood, many more of Mr. Trump’s supporters are people who once worked in those kinds of jobs, or whose parents did. They are now caregivers, retail workers and customer-service representatives. When will they start to demand that candidates address the lives they actually lead?
Why Are Politicians So Obsessed With Manufacturing?
On Money
By BINYAMIN APPELBAUM
OCT. 4, 2016
New York Times
[emphasis JS]