I work in the printing/marketing business. I work in a prepress environment. We image plates before they go on press. We work 24 hours a day 7 days a week. It is an X and O schedule. One shift is 6am-6pm and the other is 6pm-6am. The X shift covers half the week, the O shift covers the other half. 15 years ago, we had 12 people in the department aka 3 per shift. We also basically had unlimited overtime due to production demands. So on any given day, you could have 6 people working per shift.
Now, we are down to 7 people doing the same job with way more volume and unfortunately that 7 will probably be 6 by the end of the year.
That means that in the past 15 years it takes 1/2 as many people to do my job with approximately double the volume of work.
If this is true here, I'm going to assume that technology is doing the same thing in pretty much every other industry, with maybe the medical field being the exception.
We have more people now, more technology and less jobs because of it. Unemployment, if something doesn't change is never, ever going to be under 5% ever again. I'll even argue that at some point it's going to be permanently north of 10%.
Corporations are making more money than ever and paying less taxes than ever. At some point, corporate america is going to have to make a collective sacrifice or we are going to be a permanent welfare state.
I would love to see politicians start talking about making 30-35 hours a week the new full time norm and provide incentives for companies to take on more workers and basically redistribute wealth, but at least make people work for it.
What a great country this would be if everyone only had to work 32 hours a week and had more time for their families and had money to spend on top of that. Kids would turn out better. Marriages would be strengthened. We'd be a happier, healthier nation.
Everyone cannot be doctors and nurses or inventors or small business owners. At some point the job makers/corporations have to do their part and not only bring back jobs to this country that have left, but hire more people and reduce workweek hours without reducing pay and benefits.