Nope. It ended in a booming English economy and substantial evidence that broadly speaking, most working people (outside of the landed gentry) ended up demonstrably better off. 1/
It also incentivized movement to a fully monetized economy, since population drop meant that (a) average peasant had better wages, more mobility and land; and (b) monetizing rents help landlords to avoid some of the deflationary effect that would result from accepting traditional rents in kind. 2/
Basically, peasants made and had more, and in a world where peasants expected to be *paid* and had more money, landlords in turn asked for rents to be paid in money too.
Waaaah! The people doing the labour are making too much money! What about me, the guy who works three days a week and spends all summer boating at the lake house? Uppity labourers.
Poor wages+ever increasing cost of training! Time was you could get entry-level carpentry training in a lot of HIGH SCHOOLS, let alone community colleges!
Former carpenter here. I left the trade because there was too much shady shit(1099 pay for employee treatment for one) plus riding the bubble and bust of the real estate market as well not getting paid nearly enough for the daily risk of injury.
"join the carpenters, they said, walk on water they said, and when I say give Cesar what's owed but also pay me what's right, suddenly now I demand being treated like royalty?"
Weird, my husband is in construction and he’s managing to keep a business going while paying carpenters a decent wage. Seems like a skills issue for that guy. Maybe he should learn a trade.
If he cares so much about it why don't he and the other CEO's give massive endowments to the engineering departments of their state universities for straight R&D into robotics for carpentry. Isn't "scarcity fuels inovation" the rule?
Maybe try raising the min wage to 1968 levels to pump up earnings for the lower 2/5s of wage earners and see if that brings greater growth, consumer spending, and greater economic stability to the economy as a whole, once the base can afford necessities to live. Or bailout the banks for $10T again.
this is why i’m looking into alternative building products/technologies so i can make the best use of the labor budget… that’s how marketplaces work. yes they deserve to earn more per hour. efficiencies will be developed.
I first encountered this little weasel in the run up to Boston's failed Olympic bid. Sorry to see he hasn't learned any class in the intervening years.
It’s sustainable for the employee. It’s sustainable for the grocery store he spends his money at. It’s sustainable for the gas station he fuels up at. It’s sustainable for the entertainment venues he will be able to visit. It’s sustainable for his rent/mortgage.
I'm interested in hearing from metallurgists and knife-makers about what type of steel would be best used for building guillotines. More specifically, those of the German "fallbeil" style because I think you could fit more of them into the same area.
fewer young people are entering the profession. clearly the only solution: pay them even less until the look at all the half-finished carpentry work lying around and break down, taking up the profession as an under-compensated vocation
Years ago I wanted to become an auto mechanic. Employers expected me to have a tech school certification. Tech schools wanted $40k or more for that cert. Shops paid maybe $15 an hour with that cert.
It didn’t make any financial sense to continue down that path.
i hear you on this and this is why i believe community colleges CTE needs to be expanded and made financially advantageous. One of my students is completing a full-associates degree (first two years of college) with a welding certificate on a full-ride program. This shouldn't be unusual.
At mine, besides welding and an auto, there's HVAC. The folks that installed my HVAC systems mentor HVAC students from my college. There are competitor private schools that cost more, offer less and make their profits off student loans. I hate how easy it is for them to bamboozle good people.
I know it's popular to be virulently pro-labor on here, and I am pro-labor, but... continued wage hikes like that aren't sustainable for a society that needs a lot of new construction... and the people that need the buildings. We need to close the income disparity gap, but we don't need inflation.
Inflation already happened though. Once the working class get "caught up" we can talk about a sustainable future but if a banana costs ten dollars you can't just stop raising wages because "inflation"
Comments
Maybe wages are now (or approaching) what they should be to encourage more people to enter the industry?
Maybe this is a long-term net-positive for the industry?
(wait until he hears about electricians and plumbers)
ᴀᴘᴏʟᴏɢɪᴇs ᴛᴏ ᴀɴʏ ᴄᴀʀᴘᴇɴᴛᴇʀs ɴɪᴄᴋɴᴀᴍᴇᴅ Rᴏʙsᴛᴇʀ ᴛʜɪs ɪs ɴᴏᴛ ᴀʙᴏᴜᴛ ʏᴏᴜ 𝓰ₒ 𝓰ₑₜ ᵧₒᵤᵣ ₘₒₙₑᵧ ᵦₒₒ
Win-win 👍
Like "due to the need to pay competitive wages NOTHING will be built ever again."
So fucking dumb.😂
It didn’t make any financial sense to continue down that path.
guess he has no choice but to advocate for expansion of trade schools and higher education whoops