Out with the old, and in with the new! While some industries are thriving in 2015, and anticipating further growth, other professions are struggling to stay relevant. Growth in the tech industry, for example, has been easy to understand and anticipate. But, other industries are paying a price for the changes technology has brought.
The labor movement has given the American worker benefits that today are often taken for granted, such as overtime laws, child labor laws, and minimum wages. The right to bargain collectively gives employees the power to demand reasonable treatment without the threat of being replaced by somebody less noisy. However, unions are far from perfect.
For better or worse, Black Friday, the informal commercial holiday that follows the national holiday of Thanksgiving Day, has been a widely accepted fact of life for retail workers, and shoppers, for decades now. However, in the last few years, an effort by brick-and-mortar stores to compete with online retailers has led to earlier and earlier kickoffs to the official start of the holiday shopping season. Many stores now open their doors on Thanksgiving Day. This practice, along with other demands placed on retail workers by their employers during the holiday season, has serious consequences for these employees, and many are saying that enough is enough.
Recently, billionaire investor Mark Cuban declared that fixing the student debt crisis is the most important thing our government can do to restore the national economy. His idea: cap federal student loans at $10,000 per student, per year. Few would argue that student loan debt isn’t a problem of epic proportions, but Cuban’s explanation of the crisis and his solution resulted in mixed reactions.
While working mothers struggle with decreased pay and lack of status in a workplace that sees them as unreliable, working fathers enjoy improved status, pay, and benefits that help a growing family survive.