Icon Re: ...Your material for the next month's TRIAGE party.....
H
heathcliffe (view)

Thank you!

Appropriate that you relate that story on the day this month I start most months 3-day water fast.

I will get that book and read it and report back.

Henry Ford raised his factory workers wages to $5.00 per day so that they could buy a Ford too, the first move toward building a middle class.

Your descriptions of wealth run amuck are right on. Let's pray for change.

The fifties and sixties and seventies saw labor unions obtain for their members higher and higher wages as well as benefits some of which, in hindsight, may have been too much.

Those wages allowed our workers to pay the price for goods manufactured in the USA. The middle class Henry Ford started flourished.

Along came NAFTA and the WTO. Demand for labor shifted overseas. Since imports were cheaper than goods manufactured here, the working class didn't need those high wages any more. So wages fell. Fell below what is needed to buy demestically produced goods. Factories closed and imports now exceed exports dangerously high.

Today we are in a political dance which, IMO, requires bankers to deliberately withhold money from small businesses who can't, then, hire new workers, for which Obama gets the blame, and if plans go right, bankers will get politicians voted into office who are more favorable to them.

Perhaps we are addicts who must hit bottom before we rise again. One more Republican administration should do it.

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