Re:Chinese airline completes maiden passenger flight with do...
by markus_zhang on Wednesday December 30, 2020 @02:18PM
(#25584959)
I think the degeneration of the salary condition of the working class (including engineers) has two reasons:
1) The decline of Soviet Union. Since the largest opponent is gone, elites of US did not need to suck up the working class as they did not need that many manufactoring power any more, and they could finally throw the working class under the bus because they didn't need to virtual signal their "higher living standard of the working class".
2) The rise of competitive investment banking, including predative M&A and other "unethical" stuffs that blue blood bankers did not do (much) during the 50s and 60s.
1) The decline of Soviet Union. Since the largest opponent is gone, elites of US did not need to suck up the working class as they did not need that many manufactoring power any more, and they could finally throw the working class under the bus because they didn't need to virtual signal their "higher living standard of the working class".
2) The rise of competitive investment banking, including predative M&A and other "unethical" stuffs that blue blood bankers did not do (much) during the 50s and 60s.