General Discussion
In reply to the discussion: We romanticize manufacturing jobs when what we really miss are unions. [View all]truedelphi
(32,324 posts)Industries? And they seem to have really reaped quite a bit by doing so.
Especially if you define "quite a bit" by these stats:
The German worker has received a 172% wage increase between 1985 and now. Meanwhile in the USA, we have "noticed" a one half of one percent wage increase. (Not sure what a person would do with that much of a raise? Buy a piece of penny candy, if there still was any.)
Due to manufacturing being so big there, a HS drop out will probably find a relevant apprenticeship program and then they will earn over their lifetime only 15% less annually when compared to a four year college student's earnings!
When adjusted for per capita, Germany has the world's highest export rate. And that means the German government does not have to worry about a deficit that is owed to some other nation. Meanwhile the USA continues to owe China an exorbitant amount of money.