quote:
demand for less skilled labor is in sharp decline in all industrialized countries. The Europeans can either let wages fall or let employment of less skilled labor decline faster than it already is. Between automation and competition from abroad the old social compact does not stand a chance for low skilled workers except in occupations that can't be moved abroad. At the same time, demand for workers with more valuable skills (notably engineering) is on the rise.
comment:
Yes, that appears to be the case. But what happens to a society that has more than half of its people unemployable? Do we really want such a society?
And another thing: the author is all for a higher minimum wage. A higher minimum wage will cause these trends to accelerate. Is that really a good idea?
Yet one more thing before I publish this rascal....
A New York Times article provides the basis of the story. It shows the full Alinsky as applied to poor old Europe. Europe becoming more like America? The horror of it all.
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