Discussion in 'History' started by gipper, Aug 17, 2019.
Per capita income from roughly 1950 to 1960?
Okay no takers?
Here is a hint. Today this city is considered a terrible failure.
Detroit, I reckon.
I would guess Detroit. Auto workers made very good salaries when they were still making cars there.
You got it congrats.
Why is it that this once great prolific city has been reduced to rubble, but few dare to discuss or expose the reasons?
We don't want to offend Japanese auto makers?
Because the workers were making too much.
I don't think we can blame the demise of the US Auto Industry on any one party, or party politics in general.
The fact is, American car makers didn't respond to market forces. Auto unions didn't respond to market forces.
The market will not be denied.
The fall of Detroit is not because of the failing auto industry, though it played a part. Detroit was failing long before the 1970s.
You want capital flowing through the system. More disposable income means more opportunities for small business.
That’s what we call Capitalism
Separate names with a comma.