2018.09.09 03:44
https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.nytimes.com%2F2018%2F09%2F08%2Fbusiness%2Feconomy%2Fharvard-living-wage.html%3Fsmid%3Dnytcore-ipad-share%26smprod%3Dnytcore-ipad&data=02%7C01%7C%7C452a6b51728840e8deca08d6167a5d7f%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C636721112133042864&sdata=M8Rga9AWmQXGj3Wdd3LxGB1Si6PhW4KFjdlW8UWwERo%3D&reserved=0
Students forced the university to shield campus workers from outsourcing’s impact on pay. But as a model, the policy challenges some economic axioms.
2018.09.09 04:08
2018.09.09 07:15
https://m.youtube.com/watch?v=0xMCWr0O3Hs
(Economy class: Income inequality)
Corperations always looks into cutting the cost to increase their profits. More
profits lead to higher stock prices. If wage is too low, then buying power is down.
Eventually it will bring down stock price because people can not buy their products.
In 1929 one year before Great Depression and 2007 one year before Great Recession,
the income inequality was at the peak. Capitalism in its design always leads to “widening
income gaps” and standstill of the economy. Constant corrective measures by the government
is essential not to fail it.
No. | Subject | Date | Author | Last Update | Views |
---|---|---|---|---|---|
Notice | How to write your comments onto a webpage [2] | 2016.07.06 | 운영자 | 2016.11.20 | 18193 |
Notice | How to Upload Pictures in webpages | 2016.07.06 | 운영자 | 2018.10.19 | 32348 |
Notice | How to use Rich Text Editor [3] | 2016.06.28 | 운영자 | 2018.10.19 | 5924 |
Notice | How to Write a Webpage | 2016.06.28 | 운영자 | 2020.12.23 | 43840 |
8843 | 연꽃 따는 노래 | 2024.05.01 | 정관호*63 | 2024.05.01 | 13 |
8842 | 훈민정음의 비밀 [5] | 2024.04.25 | 운영자 | 2024.05.01 | 61 |
8841 | 부산정치파동과 미국의 이승만 제거계획 | 2024.04.25 | 온기철*71 | 2024.04.25 | 23 |
8840 | 코너킥으로 웃었다... 황선홍호, 일본 제압하고 8강으로 [5] | 2024.04.22 | 황규정*65 | 2024.04.25 | 30 |
8839 | [시조]懷古歌: 회고가 [1] | 2024.04.21 | 정관호*63 | 2024.04.21 | 12 |
8838 | 부산형무소 살해사건 | 2024.04.20 | 온기철*71 | 2024.04.20 | 18 |
8837 | 육군 방첩대. 미군 CIC, 그리고 김창룡 | 2024.04.17 | 온기철*71 | 2024.04.25 | 20 |
8836 | 김구의 일생과 암살의 원인 | 2024.04.14 | 온기철*71 | 2024.04.25 | 18 |
8835 | OPERA MIGNON: Connais tu le pays [1] | 2024.04.12 | 정관호*63 | 2024.04.12 | 25 |
8834 | “쏘니,너와 함께 뛴건 행운!”, 400경기 감동 축하영상 [5] | 2024.04.06 | 황규정*65 | 2024.04.22 | 34 |
8833 | 길에서 만난 한식 [1] | 2024.04.03 | 정관호*63 | 2024.04.09 | 33 |
8832 | 돌아오는 기러기 [1] | 2024.03.27 | 정관호*63 | 2024.04.18 | 46 |
8831 | 이강인-손흥민 ‘골 합작’ 한국, 태국 3-0 완승…월드컵 최종 예선 진출 성큼 [2] | 2024.03.26 | 황규정*65 | 2024.03.27 | 43 |
8830 | 1945년 8월 15일 오후 강릉 홍제정 안마을에서 [2] | 2024.03.19 | 정관호*63 | 2024.03.24 | 76 |
8829 | 이승만은 왜 김구를 제거 했을까? [1] | 2024.03.17 | 온기철*71 | 2024.03.18 | 52 |
8828 | My Grandson [1] | 2024.03.15 | 노영일*68 | 2024.03.18 | 107 |
8827 | 蜀相(촉상): 촉한 승상 제갈량 [1] | 2024.03.15 | 정관호*63 | 2024.04.12 | 59 |
8826 | 1945년 8월15일에는 서울에 아무일도 없었다. [1] | 2024.03.13 | 온기철*71 | 2024.03.14 | 53 |
8825 | 왕소군 고향에서 [1] | 2024.03.08 | 정관호*63 | 2024.03.20 | 58 |
8824 | 정약용; 늙어가면 친구가 점점 없어진다. [5] | 2024.03.06 | 온기철*71 | 2024.03.08 | 98 |
The exactly same thing happened in Detroit for decades ever since
the original Henry Ford raised the salary of his auto workers to the high level
nobody dreamed of. He figured that once his auto workers live well as middle class families,
they will buy his cars.
When I finished my rotating internship in Albany, NY, in 1966 and
was about to leave Albany for Detroit, the hospital administrator, Sister Margaret, told me
that Detroit is a wealthy town and has more millionaires than any other city in America.
A typical auto worker at that time was a high school graduate and was considered to be in
middle class with a vacation home in Northern Michigan and two or three cars.
Unfortunately their unions got too powerful and they became lazy and too greedy.
We know the rest of the story so I shall omit.
Nontheless Harvard showed a good example in that like the good hearted intention of Henry Ford
it indeed can be done in such a dramatic way to transform this world into a dream paradise
for so many people including every one of us who left Korea in 1960's and 1970's.