Anthropology 2

Anthropology 2 - o 1970-2002 hours worked rose by •...

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Anthro 2 – Capitalism Movie 17:48 Steadily rising standard of living Workers more productive Material goods signify quality of and American’s life, consumerism Rising wages stopped in 1970s “stunning technical change;” the computer Throw people out of work Other countries went to out-produce the US o If you can’t beat them join them, massive export of jobs Rapid change of the role of women in America o Start taking part time to full time jobs Rise of immigration levels Coping with no more raising wages Do more work
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Unformatted text preview: o 1970-2002, hours worked rose by %20 • Americans started borrowing o Borrow against the house o Sub-prime mortgages o Credit cards o Avg level of debt exceeds income The Meaning of Trauma for Business • Not just wall street • Pay workers the same while they produce more • Paid themselves large bonuses and wages • Mergers and acquisitions Bust and No Boom in Site • “lunacy of the business society” • invested in new internet o led to stock market crash in 2000 17:48 17:48...
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Anthropology 2 - o 1970-2002 hours worked rose by •...

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