This article is wild. I love it when rich people tell you 1) they've been asleep for a decade and 2) their politics are insane.
he was especially struck by stories from young factory employees. Many of them said they could not support themselves by working at Ford alone. “When I met with my entry factory workers, they were saying [they] had to have three jobs.”
So, the thing people have been saying in public for 10 years, is a surprise to you?
Farley described a revelation about the erosion of what blue-collar work used to represent—stability, pride, and a single income that could support a family.
Oh no. Our conservative values! We're going to lose our base!
Dimon called America the “bastion of freedom, arsenal of democracy,” and argued that the country had “gotten bogged down and made a lot of mistakes in how to grow our economy for the benefit of all Americans.” He urged Farley to keep fighting against what he called America becoming a “nation of compliance and box-checking.”
There's so much here. "arsenal of democracy" is a
wild phrase considering how many nations we've destroyed in the name of (but not by actually supporting) democracy (to say nothing of our current administration being
anti-democracy). "gotten bogged down" - by what, corporate profits and CEO bonuses? All the money was flying in your face so you couldn't see the 50-year downward trend in wages and upward trend in cost of living, healthcare, education? And then "keep fighting against what he called America becoming a “nation of compliance and box-checking." - so, after corporations have destroyed the country's middle and lower classes (and environment),
deregulation will save us?!?
He warned that millions of well-paid jobs are going unfilled because they require specialized skills. Putting the salaries for these jobs at $100,000 and above, Farley argued that they require training.
This part is amazing too. He's actually admitting that there is a wage gap. I mean, why would
anyone do 5 years of training to become a diesel mechanic at $65k/yr, when they can do a 2 week bootcamp and become a JavaScript programmer for $120k?
He said there’s a general attitude of frustration, a sense of “How the hell do we fix this?”
A whole lotta people have been
shouting the answers for decades. You haven't been listening because you were all too busy stuffing profits down your bank account.