Friday, August 16, 2013


Nature, Nurture and Work
Opinion 
What’s a society to do with the under-natured and under-nurtured demographic as low skill manufacturing work disappears.
In the past a good paying job could be had by anyone that was willing to work hard even if they were under educated and may have lacked the drive to aspire to greater things.
Theses folks made up the majority of the nation's consumer class as home buyers, bass boat and pick up truck owners. They fueled the economy and all levels of the economic ladder prospered.
Henry Ford, the person who started the world's second industrial revolution, also conceived the concept that since it was now possible to build inexpensive cars in volume, more of them could be sold if employees could afford to buy them. The $5 per day wage helped better the lot of all American workers and contributed to the emergence of the American middle class.
As we rapidly enter the third industrial revolution where scores of 3-d printers, operated and maintained by a couple of highly trained employees can create thousands of components for consumer goods. Those parts are then assembled into a finished product by an assembly line of robots operated by a few other highly trained employees.
As a consumer driven economy this country needs consumers with the financial where with all to purchase products no mater how the products are produced. Low wage retail and service workers will not be able to fill the consumption deficit. You can't buy a bass boat with pay day loans.
How can we replace those lost consumer dollars?
See next installment.

Paul Hunter paulhunter45177@gmail.com

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