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<blockquote data-quote="Heyjoe4" data-source="post: 1036853" data-attributes="member: 13032"><p>Much of what you say is true. The times when we were growing up were different than now. Automation, driven largely by better software, has lowered the cost of production for many companies. AI will further lower corporate costs of production. And because of these trends, they need fewer workers, and they can get away with paying less. The destruction of public and private unions has also contributed to the problem.</p><p></p><p>The other part of the problem then is making a living wage without 2 or 3 specialized degrees. Minimum wages only destroy small businesses. But people without money can't buy much of anything. So something has to give, sometime. The average American worker though seems lazier than people from less-advantaged companies. There are Chinese, Indian, and Russian immigrants here on H1 work visas doing work that could easily be done by Americans with some education. And these are high-paying jobs and still hard to fill.</p></blockquote><p></p>
[QUOTE="Heyjoe4, post: 1036853, member: 13032"] Much of what you say is true. The times when we were growing up were different than now. Automation, driven largely by better software, has lowered the cost of production for many companies. AI will further lower corporate costs of production. And because of these trends, they need fewer workers, and they can get away with paying less. The destruction of public and private unions has also contributed to the problem. The other part of the problem then is making a living wage without 2 or 3 specialized degrees. Minimum wages only destroy small businesses. But people without money can't buy much of anything. So something has to give, sometime. The average American worker though seems lazier than people from less-advantaged companies. There are Chinese, Indian, and Russian immigrants here on H1 work visas doing work that could easily be done by Americans with some education. And these are high-paying jobs and still hard to fill. [/QUOTE]
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