This was the most striking part to me: "According to The Seattle Times, the starting rate at the Airbus plant, about $16.50 per hour, is comparable to the starting wages at Boeing’s passenger-plane plant in Renton, Wash. But the Airbus pay scale tops out at $23 an hour, while experienced Boeing workers can earn $45." We now have so much surplus labor that even this relatively skilled job only pays $16.50 an hour.
And we are all talking about globalization being the culprit which to me is a huge distraction from the actual problem: automation. I wonder if it's not a bigger part of the national debate because it would require politics to say that currently unemployed likely will remain not needed and call for something like basic income guarantee which is in essence a gateway to something very similar to communism.
At least it would be explicit. Western economies tend to have income redistribution in various forms anyway. It just gets mixed up in tax rates, tax credits, service subsidies and entitlements. People have little idea what the flows of money really look like.