General Discussion
Showing Original Post only (View all)The Success Of The Reagan Revolution - Career Over By 45 For Men & 39 For Women [View all]
Now that workers have accepted the multiple careers meme where you pay for schooling any number of times and job security or longevity is extinct the Reagan Revolution sponsored by the "New GOP" and big business is a grand success. Now just about every worker can expect to work like they did in Dickens London.
I have said for many years and it began in 1981 very subtly and has increased every year under "trickle down" economics that older workers began to be forcibly retired out of the work force. In the 1990's millions of worker were bought out at sometimes pennies on the dollar and actually forced to retire. Defined pension plans were actually stolen and made "payout" plans with up to 30% of their original value. And the "baby boomers" largely accepted this labor terrain.
It used to be that income plateaued around 60 just before retirement and a defined pension plan and Social Security kicked in. Now there is a new chart that income peaks at 45 for men and 39 for women. What that means is that for most workers they will see their career if they are lucky to have one pretty much ends about the time sports figures end theirs. At these ages it is a time when workers used to be preparing for retirement as they were paying for schooling that would help make the children financially independent.
A few years ago the AVERAGE STAY AT A JOB WAS 36 months. I would imagine that figure is much lower now. And full time jobs are being replaced with temporary jobs of all varieties. And many jobs are now "independent contractors". A lot of former regular jobs are now just "day labor" .
So congratulations conservative voters you have contributed to the success of the Reagan Revolution.
The question is what are workers going to to for 20 to 25 years until they get Social Security. And now the GOP wants to actually end that or make it a hokey 401K program. I have a better idea. Raise the retirement age to 70 or even 80. Now workers can work for Walmart or some other part time job for 30 or 40 years.
This scenario is what the voter continues to buy when the vote for the GOP. Merry Christmas AmeriKa. We now largely have a service economy with low wages that Reagan crowed about and said he would create. Daffy old bastard.