These job losses were the result of policies put in place during the preceding decades, policies that focused on boosting economic growth, profits, and efficiency, policies supported by me and others in the front row. In the name of greater economic growth, more efficiency, and higher profits, we opened our borders to a flood or cheaper products coming in and a flood of factories and jobs moving away. We empowered distant shareholders at the expense of local employees. We gave my old world, Wall Street, whatever it wanted, and what it really wanted was to lower labor costs no matter how. Mostly that meant shipping US jobs requiring muscle overseas and bringing jobs requiring college here.
For me and the others surrounding me, the job losses were accepted as the cost of progress, their numbers shrugged off because they would be offset by gains elsewhere. They were a small loss compared to the many gain that growth and our new efficiency would bring. [...]
nothing new but a useful, accessible summary
These job losses were the result of policies put in place during the preceding decades, policies that focused on boosting economic growth, profits, and efficiency, policies supported by me and others in the front row. In the name of greater economic growth, more efficiency, and higher profits, we opened our borders to a flood or cheaper products coming in and a flood of factories and jobs moving away. We empowered distant shareholders at the expense of local employees. We gave my old world, Wall Street, whatever it wanted, and what it really wanted was to lower labor costs no matter how. Mostly that meant shipping US jobs requiring muscle overseas and bringing jobs requiring college here.
For me and the others surrounding me, the job losses were accepted as the cost of progress, their numbers shrugged off because they would be offset by gains elsewhere. They were a small loss compared to the many gain that growth and our new efficiency would bring. [...]
nothing new but a useful, accessible summary
He pauses, then says, "You have to ask why it is like this. Segregation did this to Gary. When the jobs left, the whites could move, and they did. But we blacks didn't have a choice. They wouldn't let us into their new neighborhoods with the good jobs, or if they let us, we sure as hell couldn't afford it. Then to make it worse, when we looked at the nice houses they left behind, we couldn't buy them because the banks wouldn't lend us money. Between segregation and lack of jobs, Gary been hit with a hell of a punch."
Walter nods his head. "I been here seventy-eight years. Gary has been good to me. Now nobody can stay here, not if they want a future."
damn
He pauses, then says, "You have to ask why it is like this. Segregation did this to Gary. When the jobs left, the whites could move, and they did. But we blacks didn't have a choice. They wouldn't let us into their new neighborhoods with the good jobs, or if they let us, we sure as hell couldn't afford it. Then to make it worse, when we looked at the nice houses they left behind, we couldn't buy them because the banks wouldn't lend us money. Between segregation and lack of jobs, Gary been hit with a hell of a punch."
Walter nods his head. "I been here seventy-eight years. Gary has been good to me. Now nobody can stay here, not if they want a future."
damn