Categories
Antiwork

The wage crisis and its solution.

(Disclaimer: I am not saying women shouldnt be free to work or do what ever, I'm just pointing out a fact.) In short women coming into the work force killed the value of labor. Pre WW2 about 20% of women held jobs. After the war, that percentage went up year over year until the mid 90s when the percentages become mid 50s and hitting a high in 2000 at 57ish percent of women. This added millions to the worker pool. Keep in mind as the percentage increases, population does as well, making the numbers really explode. Things go decently well until the recession of 2008. Wages stagnate and employers become more selective, lay offs happen. Par for the course stuff; but something also happens. Businesses come to the realization of how many workers there really are. The worker supply is basically inexhaustible. If a worker quits, two more will be…


(Disclaimer: I am not saying women shouldnt be free to work or do what ever, I'm just pointing out a fact.) In short women coming into the work force killed the value of labor. Pre WW2 about 20% of women held jobs. After the war, that percentage went up year over year until the mid 90s when the percentages become mid 50s and hitting a high in 2000 at 57ish percent of women. This added millions to the worker pool. Keep in mind as the percentage increases, population does as well, making the numbers really explode. Things go decently well until the recession of 2008. Wages stagnate and employers become more selective, lay offs happen. Par for the course stuff; but something also happens. Businesses come to the realization of how many workers there really are. The worker supply is basically inexhaustible. If a worker quits, two more will be available to take their place in no time. As a result, price of labor stays stagnant or in some cases drops. Inaddition, some places aren't even replacing lost workers and making remaining employees pull double or triple the work. The employee will obviously get tired of this and leave. A new worker will come in (because again, the supply is inexhaustible) none the wiser that they are doing the job of two or three people. So wages (costs of labor) haven't really risen since the late 2000s and we have to many workers and companies are of course exploiting this. How do we fix it? Here are two steps.

1.) There are 160M people in the workforce as of 2021. Do the math if we want to return the level the workforce was at pre WW2 we need the eliminate about 38 to 40 million from the work force. The easiest way to do this would be to go back to a bread winner – homemaker system for most households. I'm not saying the bread winner must or needs be male or female, just that, that would be the easiest way to do it.

2.) Campaign for 32 hour work weeks. Studies show most employees waste at least 8 to 10 hours a week doing nothing productive anyway. Time on the clock will be more valuable as a result and experienced workers will become more valued as they can do more with less effort in the shorter time frame ( In most cases, some jobs are tedious and time consuming no matter how experienced the worker).

This will reck the economy in the short term; but in the long term would be the best for workers.

Leave a Reply

Your email address will not be published.