💰Wages have not kept up with productivity, leading to a decline in job quality.
📉Job training, health care, and retirement costs have shifted to individuals, causing financial burdens.
⏰Americans are working longer hours, while wages remain stagnant.
📊Inequality between the wealthy and the average American has grown, with most profit going to the top 1%.
🔒Job security has decreased, and more people are working in precarious and irregular roles.
Why are wages not keeping up with productivity?
—The increase in productivity has not translated into higher wages for workers. Instead, the majority of the profit has gone to the top 1%.
What are the effects of job training and benefit shifts to individuals?
—Individuals are now responsible for job training, health care, and retirement costs, leading to financial burdens and increased debt.
Why are Americans working longer hours?
—While productivity has increased, wages have remained stagnant. As a result, Americans are working longer hours to make ends meet.
Why has job security decreased?
—Companies are shifting towards more precarious work arrangements, such as temporary or contract-based roles, leading to decreased job security for workers.
What is the impact of the wealth gap on job quality?
—The growing wealth gap between the wealthy and the average American has resulted in a decline in job quality, with most profit going to the top 1%.
00:00Despite the belief that work keeps getting better, there is a disturbing trend of declining job quality.
05:54Wages have not kept up with productivity, leading to a decline in job quality.
08:33Job training, health care, and retirement costs have shifted to individuals, causing financial burdens.
09:39Americans are working longer hours, while wages remain stagnant.
10:23Inequality between the wealthy and the average American has grown, with most profit going to the top 1%.
12:27Job security has decreased, and more people are working in precarious and irregular roles.
