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January 11th, 2009

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06:48 pm - the unlikely existance of the middle class
this has some serious flaws - particularly, for me, dismissing out of hand the notion of "leveling the playing field", that hey maybe americans losing some standard of living so the rest of the world can rise a little isn't utterly wrong, and relatedly tariffs, because obviously it's the rest of the world's business if it wants to live in poverty so long as nobody else is making cars for less than detroit is - but it's a take on the definition/function/existence of the middle class that i haven't really encountered before.
As the Wall Street Journal noted in 1997, Alan Greenspan sees one of his main jobs as being to maintain a high enough level of "worker insecurity" that employees won't demand pay raises and benefits increases, thus provoking "wage inflation." (this is from 2004, when greenspan was still running the fed)

as a sidenote, bumblefoot - much like buckethead - is fucking awesome on his own, but reduced by axl to a manniquenn who occasionally busted out guitar solos.
np: bumblefoot - always with me always with you

(1 shot upside the head | en garde!)


[User Picture]
Date:January 16th, 2009 02:27 pm (UTC)
That worker insecurity was also enhanced by the death of unions. For some reason people thought they'd do better negotiating job terms on their own. Big business used a "divide and conquer" method - everybody's salary was a big secret and if you didn't like working conditions you kept quiet about it in case someone blabbed to the boss.

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