Trump, and many workers, should blame technology, not trade, for our job losses - a point I've been making on this site since 2008.
And this displacement of workers by technology is creating record returns for companies and investors and giant bonuses and salaries for the executive classes.
Without change, this practice will continue robbing the economy of consumption leading to revolution by working classes, increasing crime, and failure of our economy as companies go bankrupt through loss of sales because the population has few consumption dollars for anything beyond basic needs.
The early signs of revolution? The "Occupy" Movement of a few years ago and now the surprising political support for Bernie Sanders and Donald Trump!
Voters are fed up with the greed, corruption, and concentration of wealth in the hands of Corporate America and they demand change!
Workers should share in the benefits of technology through decreasing work hours to keep up employment with ever-increasing wages.
Because of these two historical adjustments, the pre-industrial revolution world has progressed from a 100 hour work week for every man, woman, and child to the present 37.5 hr work week with the highest standard of living in recorded history---but that work week has not changed for the last 60 years despite all of the computerized technology that is stealing the jobs.
And this displacement of workers by technology is creating record returns for companies and investors and giant bonuses and salaries for the executive classes.
Without change, this practice will continue robbing the economy of consumption leading to revolution by working classes, increasing crime, and failure of our economy as companies go bankrupt through loss of sales because the population has few consumption dollars for anything beyond basic needs.
The early signs of revolution? The "Occupy" Movement of a few years ago and now the surprising political support for Bernie Sanders and Donald Trump!
Voters are fed up with the greed, corruption, and concentration of wealth in the hands of Corporate America and they demand change!
Workers should share in the benefits of technology through decreasing work hours to keep up employment with ever-increasing wages.
Because of these two historical adjustments, the pre-industrial revolution world has progressed from a 100 hour work week for every man, woman, and child to the present 37.5 hr work week with the highest standard of living in recorded history---but that work week has not changed for the last 60 years despite all of the computerized technology that is stealing the jobs.
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