FEATURE ARTICLES WORKPLACE DIARIES FREE ADVICE
STRESS-O-METER SPEAK UP ACTION GUIDE
TITLE If Things Are So Great,
Why are you broke?
     page 4 of 5
SUBHEAD The truth about the
economy and what's ahead
AUTHOR Doug Henwood

why am I broke



30 occupations that will grow the most over the next decade

Speak Up:
Why are you broke?

And while it's fashionable to blame pay pressures on "globalization," a recklessly overused word*, it's hard to see how cashiers and equipment cleaners are suffering competition from Malaysia.

That's not to say that globalization isn't a factor. Along with automation, the loss of manufacturing jobs as a share of the total workforce can be pinned on factory owners who've set up shop in underdeveloped countries with underdeveloped wage schemes. While these jobs are often boring, dangerous, and dirty, they've served as one of the few types of work that provide a person without a college degree a decent wage. The way things are headed, folks in this boat may end up working at a restaurant or dry cleaning shop for less money instead.

On some level, lower wages simply boil down to cheapskate employers. With unions still in decline and largely unable to organize the service sector -- high turnover, low expectations among workers, and lack of effort on the part of unions all play a role--employers will pay as little as they can get away with. They may complain about how hard it is to find good workers and keep them around, staple complaints of the business press these days, but the last thing they want to do is pay for quality and stability. They're offering all sorts of low-cost gimmicks, from Friday afternoon beer busts to stock options (some private firms are offering options on stock that doesn't even exist yet, but which may, should they ever go public). But higher pay? Sacrilege.

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