Quote:
Originally Posted by Jim in CT
come on. what made the
middle
class was the fact that american manufacturing was king. that made the middle class. we
manufactured everything.
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Several things that made the middle class are different today.
People were trained and promoted from within.
Before we were married my wife rented an apartment in someone’s Vermont home that was the Head of one of the big brokerage houses on the NYSE
He started in the mailroom and worked his way up.
My father started in aerospace out of HS and worked his way up.
These guys knew what the people below them do and they were not just occupants of a cubicle.
Corporations acted as important members of communities and felt responsible to them and their employees and also their shareholders.
With the prevalence of the MBA
Shareholders have become #1 and employees and communities are just a somewhat necessary evil.
There were also strong unions that stood up for their members and increased wages and benefits which then raised opportunities across the board.
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