What if your employer is making all the profits and stops giving you raises every year for 30 years?
In a good economy you could go somewhere else but the competition arguments don't cut it when we have the market flooded with workers.
I went to lunch with my pharmaceutical rep buddy yesterday. He is just happy he survived all the cuts after the bush recession. This isn't the kind of economy where you can just go to another pharma company. Then you'll have to move. Long story short is in this post 90s economy, people are stuck where they are and just glad to be working. No one has leverage to ask for a raise.
This is why trumps popular. He admits you sent too many jobs overseas
I didn't send jobs anywhere. The government doesn't send jobs anywhere. Companies send jobs elsewhere.
The thing is to get into a career where there is a lot of demand. If we could stop foreigners from entering this country to work, our wages would increase and you could find a better paying job.
Not everyone can get into a career where their is a "lot of demand".
Do we ignore their interests? Do we feel a need to "punish" them with malignant neglect?
No, but we can't create jobs that people love. I wish I loved my job. I hate going to work every morning, but I have to keep a roof over my head so I do it.
...e.
Doesn't mean we can't consider policy to make them better, or at least pay better.
I don't understand. What policy can do that?
Better Trade Policy to bring manufacturing jobs back and immigration policies to reduce the labor pool.
You have a situation where employers have to worry more about finding and keeping employees and the jobs and wages will improve.