US. labor union density peaked in 1954 at roughly 33.5% to 35% of the workforce, compared to 10.0% today, while long-term inflation-adjusted (real) hourly wage growth slowed from an average of ~2.2%–3.0% per year during the union peak era to ~0.6% per year in the modern era.
As well, in economic theory, the mechanism known as capital-labor substitution (or the Ricardo effect), where firms respond to rising wages, tight labor markets, or shareholder pressure for higher margins by investing in labor-saving machinery, software, and artificial intelligence.
In my opinion unfortunately American work force, “our goose is cooked”, and in reality we are better to aspire to be self employed entrepreneurs.
Are you "leaving your resumé in the photocopier" by starting Platypus Economics and appearing widely on TV and social media programs? Influencer is not the equivalent of a professor's salary, but it might make you look valuable to another university. You get almost as many mentions as a football team, and you get those mentions in circles where parents with college degrees will be looking for a high quality school for their kids.
GREAT ARTICLE.
US. labor union density peaked in 1954 at roughly 33.5% to 35% of the workforce, compared to 10.0% today, while long-term inflation-adjusted (real) hourly wage growth slowed from an average of ~2.2%–3.0% per year during the union peak era to ~0.6% per year in the modern era.
As well, in economic theory, the mechanism known as capital-labor substitution (or the Ricardo effect), where firms respond to rising wages, tight labor markets, or shareholder pressure for higher margins by investing in labor-saving machinery, software, and artificial intelligence.
In my opinion unfortunately American work force, “our goose is cooked”, and in reality we are better to aspire to be self employed entrepreneurs.
Great article! This guy fits your first sentence definition on a smiling propagandist:
https://amuseonx.substack.com/p/trump-has-delivered-on-the-economy?r=sn8ce&utm_medium=ios
Are you "leaving your resumé in the photocopier" by starting Platypus Economics and appearing widely on TV and social media programs? Influencer is not the equivalent of a professor's salary, but it might make you look valuable to another university. You get almost as many mentions as a football team, and you get those mentions in circles where parents with college degrees will be looking for a high quality school for their kids.