SETH GODIN: If You're An Average Worker, You're Going Straight To The Bottom
02-06-2012, 11:54 PM
People need to accept the fact that the structure of western economies has changed forever and there is no going back. The baby boomers have basically killed the goose that laid the golden egg. There is no point blaming capitalists, lobbyists, etc. They are just products of the environment and have exploited opportunities that were created. They are a result, they are not the root cause. Make the adjustments in your personal capacity because the ride is going to get bumpy.
There are three main culprits:
- Feminism
- Keynesian economics
- Globalisation
Feminism
You have almost doubled the size of the labour force. In doing so, wages have taken a pounding and have not grown. But the cost of living has also risen as a result and the standard of living has taken a hit. This is why you are seeing such a large gap between the wealthy and the poor now. Purchasing power for the middle class stopped growing in the 80's. While everyone blames the wealthy, the real culprit is downward pressure on wages.
To make matters worse, women tend to start very few businesses of their own, so the vast majority spend their working lives employed, not employing. The knock on effect is that as a percentage, employees are not starting up as often as they used to, and larger percentages of the workforce only prop up every growing monopolies.
There is also saturation in many fields too, simply because most women pursue particular fields of study in droves.
Keynesian economics
Big government does not work. Redistribution of wealth does not work. You cannot manipulate markets through legislation. You cannot tax your way to prosperity. You cannot uplift people by ensuring they are dependent on welfare. Keynesian economics has led to the collapse of credit markets as capitalists have run riot, we are staring down the barrel of a worldwide sovereign debt crisis as governments go broke and basic liberties erode by the day under the assault of lobbyists funded by big business.
Globalisation
Western economies are no longer competitive. Developing economies are industrialising and offering business incentives to invest and trade. Globalisation has blown the lid off the facade that is Keynesian economies which can no longer sustain themselves in a world with more competition.
What that means for everyone is that the old white collar job where you work for your promotions and stay with the same company for 40 years is dead. Skill up in technical fields, look towards self employment, diversify and dont set roots in one country anymore.
There are three main culprits:
- Feminism
- Keynesian economics
- Globalisation
Feminism
You have almost doubled the size of the labour force. In doing so, wages have taken a pounding and have not grown. But the cost of living has also risen as a result and the standard of living has taken a hit. This is why you are seeing such a large gap between the wealthy and the poor now. Purchasing power for the middle class stopped growing in the 80's. While everyone blames the wealthy, the real culprit is downward pressure on wages.
To make matters worse, women tend to start very few businesses of their own, so the vast majority spend their working lives employed, not employing. The knock on effect is that as a percentage, employees are not starting up as often as they used to, and larger percentages of the workforce only prop up every growing monopolies.
There is also saturation in many fields too, simply because most women pursue particular fields of study in droves.
Keynesian economics
Big government does not work. Redistribution of wealth does not work. You cannot manipulate markets through legislation. You cannot tax your way to prosperity. You cannot uplift people by ensuring they are dependent on welfare. Keynesian economics has led to the collapse of credit markets as capitalists have run riot, we are staring down the barrel of a worldwide sovereign debt crisis as governments go broke and basic liberties erode by the day under the assault of lobbyists funded by big business.
Globalisation
Western economies are no longer competitive. Developing economies are industrialising and offering business incentives to invest and trade. Globalisation has blown the lid off the facade that is Keynesian economies which can no longer sustain themselves in a world with more competition.
What that means for everyone is that the old white collar job where you work for your promotions and stay with the same company for 40 years is dead. Skill up in technical fields, look towards self employment, diversify and dont set roots in one country anymore.