Monday, November 25, 2024
Jobs
It is often reported that over the past 50 years the US has lost 8 million manufacturing jobs and that is a true statement as far as it goes. Another more accurate way of looking at this is to note that in 1970 about 25% of jobs were in manufacturing and if that were the same today we would have 40 million manufacturing jobs and we have 13 million. This is the big picture that shows the true devastation that has befallen the working class primarily because of globalization which was ignored by politicians who claimed to be the guardians of the working class.
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