Addressing the question in the title, "What happens if an entire class of workers loses faith in their careers", look at what happened to printers. That was a good skilled trade for centuries. Then it just went away. Phototypesetting took the high volume end. Desktop publishing took the low end. Computer-controlled presses took press operators. And then the newspaper business died. I've heard homeless former printers…
My grandfather was a printer not to far from that Burger King, in a building now owned by the academy of art. In 1963 he had 5 children, a house in Daly City and 3 apartments across the street from Dolores park as well as a brand new home in Terra Linda. He died early, but extended family stayed in the business. It was union work, he as the youngest operator of the 4 color press. His wife my grandmother didn’t work.…
How well would you need to be paid now in any career to support a family like that one while accumulating that wealth already early in life? Careers can evaporate just the same but what they leave behind is vastly different from 60 years ago.