Like
last week I went to a discussion group run by a local affiliate of this
relatively new group melding academics and practitioners involved in labor
activism.
Two
thought-provoking points raised at the group (though who knows if they’re true):
1)
Supposedly, at the time of the Great Depression, lack of jobs led to an “arms
race” of credentials where overqualified people were in what they perceived as low-level, low-paying
jobs – which led to mass unionization and labor unrest after WWII. One big-player union guy sees parallels now,
to the extent that kids graduating with a lot of student debt see no way to pay
it off but they do see people high up at their places of employment making
bank.
2) The
economy’s in a low-growth state from here on out, since people with too much
money and power and influence have found ways to keep their profits rising
exponentially while everyone else’s situation declines.
The day
after, I spoke with my mom, and before I even got through the first point, she
was like, “Sounds like now,” and when I told her the second point, she was
like, “I’ve been thinking that for a while too, no-one has any money to spend,
so how can the economy improve?”, to which I said, “And you’re not even
thinking about the massive amounts of student debt people are graduating with.”
At that
point, she thanked me for cheering up her day.
“I can always count on you for that,” she was like.
“What
did you expect?”, I was like. “I’ve
always been your red son. The color may
be leaving my hair, but it has bled into my very soul.”
Then, I
was like, “And always look on the bright side, the
revolution is coming!”