inequality for all
TRANSCRIPT
How did we get equal? The rise of labor + New Deal legislation + WWII = growth of middle class. How did we get unequal? I.e., why did wages flatten?
How did we get equal? The rise of labor + New Deal legislation + WWII = growth of middle class. How did we get unequal? I.e., why did wages flatten? • Globalization (specifically of manufacturing)• Automation• Decline of unions.• Financialization of the economy
How did we get equal? The rise of labor + New Deal legislation + WWII = growth of middle class. How did we get unequal? I.e., why did wages flatten? • Globalization (specifically of manufacturing)• Automation• Decline of unions.• Financialization of the economy
Working/middle class families respond by:
How did we get equal? The rise of labor + New Deal legislation + WWII = growth of middle class. How did we get unequal? I.e., why did wages flatten? • Globalization (specifically of manufacturing)• Automation• Decline of unions.• Financialization of the economy
Working/middle class families respond by:• Women entering the work force
How did we get equal? The rise of labor + New Deal legislation + WWII = growth of middle class. How did we get unequal? I.e., why did wages flatten? • Globalization (specifically of manufacturing)• Automation• Decline of unions.• Financialization of the economy
Working/middle class families respond by:• Women entering the work force• Second and third jobs
How did we get equal? The rise of labor + New Deal legislation + WWII = growth of middle class. How did we get unequal? I.e., why did wages flatten? • Globalization (specifically of manufacturing)• Automation• Decline of unions.• Financialization of the economy
Working/middle class families respond by:• Women entering the work force• Second and third jobs• Borrowing on homes
How did we get equal? The rise of labor + New Deal legislation + WWII = growth of middle class. How did we get unequal? I.e., why did wages flatten? • Globalization (specifically of manufacturing)• Automation• Decline of unions.• Financialization of the economy
Working/middle class families respond by:• Women entering the work force• Second and third jobs• Borrowing on homes
Ideological positions:• Modern liberal: economy powered by consumption• Modern conservative: economy powered by competition• Socialist, etc.: economy powered by labor