The Working Classes Are a Volcano Waiting to Erupt
snip
This growing class division is a global phenomenon. In 1974, the proportion of global corporate income that went to labour was about 64 per cent. It dropped to 59 per cent by 2012. This pattern has applied not only to wealthy markets in the West, but also to labour-rich markets like China, India and Mexico. In 2017, the Pew Research Center found that poll respondents in France, Britain, Spain, Italy and Germany are even more pessimistic about the next generation than those in the United States. Such sentiments are shared in countries like Japan and India, where many new college graduates fail to find decent employment. Well over two thirds of Mumbai youths are pessimistic about their prospects.
This erosion of opportunity sets the stage for a potential combustion of class anger, particularly as the pandemic and now Russias invasion threaten to make things worse.
https://www.spiked-online.com/2022/04/18/the-working-classes-are-a-volcano-waiting-to-erupt/
bucolic_frolic
(43,295 posts)Egalitarianism, then boom, concentration of capital, growth of culture to soothe the masses, then inequality, anger, conflict, a fascist solution, war or revolution, and begin the cycle anew. This time it's global? With resource restrictions? and climate change? and disease? Better hunker down.
I_UndergroundPanther
(12,480 posts)kimbutgar
(21,195 posts)Who will legislate against their best interests.
Hoyt
(54,770 posts)major driver of productivity increases.
Government is going to have to find solutions maybe Yangs $1000 guaranteed income as a supplement at some point.
Kablooie
(18,641 posts)AI will be able to efficiently perform many jobs that currently employ millions. All those workers will lose their means of support. It is going to be a simmering time bomb like the French Revolution unless the government finds solutions to keep families from starving.
Hoyt
(54,770 posts)for some time.
Probatim
(2,542 posts)They chose poverty and, looking at their support for Manchin, will continue to choose poverty over education.
None of the good paying jobs will be available to the portion of Americans who actively support their own destruction.
Hoyt
(54,770 posts)Probatim
(2,542 posts)Hoyt
(54,770 posts)Response to Swede (Original post)
Chin music This message was self-deleted by its author.