The Permanent Under Class – Part I
became scarce. Wages also suffered as unskilled and semi-skilled laborers were easily replaced and had little bargaining power. Thus, while the new industrial economy transformed natural resources into finished products and created a vast, national wealth the likes of which had never been seen before, that money was distributed very inequitably. Fortunes aggregated into the coffers of the few while the masses increasingly slogged through poverty. At the same time, however, there also appeared a new, urban middle class, a cadre of professional managers.
The Permanent Under Class – Part I Read More »