Saturday, December 13, 2025
Reshoring jobs
For forty plus years politicians colluded with big business to ship manufacturing jobs overseas. The factory workers lost their good paying jobs with good benefits and had to settle for lower paying service jobs with few benefits. Big corporations saw their profits rise year over year and the working class had to take on extra jobs to stay even. The average factory worker, without realizing what was happening, traded their good jobs for cheap products at Walmart.
CEO salaries exploded from the 1970s to 2020, with the pay ratio to typical workers skyrocketing from roughly 20-30:1 in the 1970s to over 300:1 by 2020, as top CEO pay grew by over 1,300% (inflation-adjusted) while average worker pay lagged significantly, driven largely by stock options and market forces.
The hope is that this trend can be reversed as the jobs come back home.
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