FLVOL_79
GS-16 Classified
- Joined
- Feb 12, 2011
- Messages
- 47,230
- Likes
- 69,866
The problem is that those same jobs were close to $50 (in today's dollars) back then, and the average worker production and efficiency is much higher now than then (due to specialized training and technology).
So workers are paid less despite more production, while CEOs are making out like bandits in comparison to what they made back then.
Both sides agree that the middle class is struggling. Is it not apparent that the above might be SOME of the cause?
As for the CEO making 18 million? As long as his workers have been seeing their wages increase at the same rate as he has seen over the past few decades, that's totally fine. But they aren't. Average worker wages have stagnated or shrunk and executives have seen their pay skyrocket (as seen above with current pay being between $16-20 an hour)
The trend in business over the last few decades has been to do more with less. Less pay, more work. I first witnessed it in the USAF where I initially had a very specialized job (6 pieces of equipment) which I was really good at which then got absorbed into a career field with over 70 pieces of equipment that I was good at but never as accomplished as in my previous job. Advances in technology, mainly automation, has made many jobs irrelevant or not worth the money.
Ex..Our old tower had a position where a controller took flight information, wrote it down, put it into a container, then down a tube (like a bank) to another air traffic control site. Well eventually we got computers that spit out that same info which gets scanned and sent from one computer to another (or printer at a control position). That entire position disappeared from the tower. Automation. We actually have 2 northern positions in our control tower at Orlando that aren't even manned because technology and automation allows other controllers to do the job. Sadly union still keeps those positions "open" to justify their staffing levels...