Anthropology 2

Anthropology 2 - o 1970-2002, hours worked rose by %20...

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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 %20...

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