Posted on 08/08/2016 6:22:15 PM PDT by reardensteel
... I found it staggering that we have seen such an increase. To go from a world where about 2 percent of the people in the developed world were facing this problem to a world where somewhere between 25 percent and 50 percent of people in the developed world are no longer advancing is such a substantial step up. ...
First of all, the rise of technology replacing jobs. We’ve seen this today. Remarkably, if you go back 500 years, there were monks who used to write out Bibles, whose jobs disappeared when the printing press came along. But what we’re seeing now is a different speed and scale at which these jobs have been displaced by technology. We’re increasingly seeing more and more sophisticated jobs being displaced.
The second factor is the rise of jobs moving overseas through trade and offshoring and those types of activities. Again, we’ve seen some of this through the offshoring of call centers, but, increasingly, it’s becoming more and more sophisticated.
Then the third factor, and this is a more emotional one because people can see it, is immigration. We have seen a step up in the number of people living outside their countries. Over 200 million people no longer live in their home countries. That has, for some jobs, resulted in greater wage pressure on a cohort of people who are growing up. The immigration numbers are not as big as the other two—technology and trade. But immigration is more apparent to people. That’s why a lot of the anger people feel as a result of not advancing tends to be targeted at immigration.
(Excerpt) Read more at mckinsey.com ...
WHY should companies pay people more as long as there is an aparent inexhaustable supply of desperate, de-facto SLAVES flooding in..?
They had one slave brought in from Croatia to Tesla’s plant in Fremont, Calif —he was helping in the layout design of the expansion of the plant there:
$6 per DAY, or something...!
Import more illegal alien robots!
The Summer of Recovery 7.0 is almost over and we have this.
“Free” trade and immigration destroying the working classes of the US and Europe.
The political class is just fine with it. They profit from it afterall.
I notice in the article a suggested prescription is utilization reduced working hours, part time and temporary contract jobs. All very nice to keep labor costs down, but not what I think will improve the incomes or lives of people.
The whole article strikes me as an attempt at dazzle, to make you think they care about their own [countries]. The reality is still an enabling of pernicious globalism, weakening of national identity, with out a care to the damage done to each country's culture. They will still get theirs in Mumbai, London, Singapore; wherever the smart set decides to call home today.
C.W.
Makes you wonder if that is the underlying plan.
The ruling class always seems to think that they’ll somehow not get caught up in the conflagrations that they’re responsible for starting.
The CEO at McKinney ought to be replaced with a cheaper foreign worker. Doing this in all the Fortune 500 companies would shed a completely different light on the problem of excessive immigration.
I have one whole family of cousins here, and all their children, who struggle struggle struggle to get by. Of course back in the day when hubby and I were both working our butts off and I went back to college to get my degree plus working a full time job.......they were all barely working, partying, having kids, and having a great time.
Hubby retired at 53 and I retired at 58 and we are doing fine. They are still struggling to put food on the table.
I have worked with McKinsey before, as someone told me at the time. They are they kind of people who will barrow your watch to tell you the time then charge you a million dollars.
C.W.
The loss of marriage in the working class, with its attendant three times higher rates of dropping out of school, becoming an addict, joining a gang, becoming homeless and becoming an unwed teenaged mother, is also a factor in income disparities.
Around half of unmarried mothers would cease being in poverty if they married and joined households with the child’s father. And when married, they save more for retirement and other goals than when unmarried - a shift in outlook when they make a commitment.
So much of this problem is the loss of marriage in the lower classes that are turning them into a permanent underclass.
I wrote this 11 years ago:
Another Look at Outsourcing (Vanity)
It was McKinsey (with Neutron Jack Welch of GE, the vermin) back then.
ping
Can they administer therapy on you?
There are other examples....No, there are hundreds of thousands examples....
My town recently opened its first “bark park”, a reflection of the reality that most local whites won’t be having children/families. The only way to “advance” is to avoid children and mortgages (though that deal with the Devil leaves more and more Americans surrounded by foreigners).
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