Democracy and economic equality in six major western countries, since 1980 [OC]Submitted by progressinmotion t3_y21lc8 in dataisbeautiful
Abstract__Nonsense t1_is0u9vb wrote
Reply to comment by [deleted] in Democracy and economic equality in six major western countries, since 1980 [OC] by progressinmotion
That’s not totally true. As the U.S. transitioned from a manufacturing economy to a service economy it saw a deep decline in union density and a loss of blue collar middle class jobs that were replaced by a smaller number of higher earning white collar professional jobs along with lower earning service industry jobs, thus exacerbating inequality.
urmomaisjabbathehutt t1_is1z1ut wrote
outsourcing helped to raise the live standars of poorer countries however the costs were borne by the working and middle clases at home while the benefits and cost savings were reaped by the higher classes as higher monetary profit instead of being proportionally distributed
The benefits generated by higher efficiences, lower costs, lower taxation and removal of trade barriers had largely helped to increase corporative profit while at home middle and lower clases salaries didn't grow at the same level and upwards social mobility stiffened due to lost of opportunities and the increase of the cost of education housing and heathcare
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