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A Socio Historical Overview of the Post
Industrial Age circa 1970 to Present
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External
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- Project: Your Experience
of the Post Industrial Age |
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- Project: Your Experience
of the European Model |
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Introduction: During the Post Industrial Age, the economy shifted
from basic industry to services & high tech jobs |
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The Post Industrial Age may be seen as a product of both the Industrial
Age & the Era of Global Capitalism in that industry matured, resulting
in the development of the service & the high tech sectors, and the
deindustrialization of the core, i.e. movement of basic industry to the
periphery, & the globalization of all facets of society, e.g. the economy,
culture, etc. |
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The previous era, the Era of Global Capitalism, ( 1910 to the
present ) created many of the conditions that came together to herald the
Post Industrial Age |
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The Chart on the Characteristics
of the Stratification System of the Post Industrial Age indicates that
the ranking system is open, placement is based on achievement, legitimation
is based on the culture of law ( "the rule of law" ), the basis of ranking
is accomplished through a bureaucratized state capitalist, economic system,
& the range of equality is broad, running from low to high |
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There are 10 fundamental qualities of Post Industrial Society
1. Less heavy basic industrial production
2. The service economy comes to predominate in the first
world
3. More high tech jobs
4. The information economy / internet is integral to the
overall economy & growth
5. Knowledge & education are equivalent to property
& wealth
6. Working middle class transforms into the white collar
middle class
7. Rise of professional classes
8. Part time, serial employment
9. The continuation of the growth of global capitalism
10. Global monopolies & mergers develop |
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Some of the fundamental qualities of post industrial society have decreased
inequality and many other have increased inequality |
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During the Post Industrial Age, many people have not made the educational
shift to high tech / service because education is an expensive investment |
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Some people see the rise of professional class in the Post Industrial
Age as the end of the class dominated system |
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In the Post Industrial Age, production is more complex, forcing the
elites to make concessions to get knowledge from workers |
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In the Post Industrial Age, there is increased productivity which creates
more surplus, of which more is going to workers, resulting in less strikes
& bigger markets |
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Employment relations in the Post Industrial Age achieve many
Labor's goals, w/o the intervention of the Labor Movement |
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In the Post Industrial Age, the reduced population growth rate in industrial
society has created a larger "pie", & less mouths to feed |
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In the Post Industrial Age, elites must invest in the workforce as
they never have before |
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But an educated workforce & open trade systems creates a value
system of egalitarianism / democracy |
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Historically, the elites needed the allegiance of the population only
during times of war |
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In the post industrial era, the elites need the allegiance of the general
population, especially the middle classes, for the normal functioning of
the high tech / service economy |
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Given the high tech nature of wars of the 90s & 00s, it is not
clear that the elites still have the need for the allegiance of the population
during times of war, but most agree that they do |
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The marginal utility of wealth declines in the Post Industrial
Age |
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Review the Marginal Utility |
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The declining MU of wealth means that middle & upper class workers
& professionals are less motivated by $$ which result in the demand
for more free time & other perquisites |
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But on the other hand, the international division of labor has resulted
in increased world inequality which demonstrates that improved employment
relations have not been globalized |
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The degree of inequality in the stratification system in the
modern
world system has increased |
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Historically there has been extensive social mobility in the US mostly
from the beginning of immigration & conquest in the 1400's to the 1950s |
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There is clear evidence that upward social mobility slowed & eventually
reversed from the 1960s through the 1980s |
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In the mid 1990s, there was a restart of upward social mobility which
ended w/ the "slowdown" of 2001 to 2003 & has not restarted as of 2004 |
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The economic decline of the US in the modern world system appeared
as early as the 1960s |
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Economic decline stimulated support for Reaganomics in the 1980s |
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Average Americans became more afraid for their economic security |
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The corporate class became more involved in politics in an attempt
to reverse the decline in US profits & market influence |
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Today's development of the modern world system goes beyond
capitalism
and communism in that there is competition among many forms of state
and monopoly capitalism |
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The process of stratification has moved to a new level, the global
level |
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Deindustrialization was the label given to the movement of industry
from the core to the periphery & semi periphery |
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A major cause of the increase in inequality in the P-I Age is the large
loss of industrial jobs in America |
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A major cause of the increase in inequality in the Post Industrial
Age is the growth of jobs at both the higher & lower ends of the income
scale |
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The P-I era is characterized by Reaganomics, the
fall of
the Berlin Wall in 1989, the collapse of Communism during the
early 90s, the "New Democrats" (Clinton, et al) in the 90s |
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It is no longer simply capitalism vs. communism, but competition among
differing forms of organization in the capitalist world economies |
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Historically speaking, most global competition, which is often in the
form of nationalism, has been among differing forms of capitalism |
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The cold war / competition btwn capitalism & forms of socialism
are the historical anomaly |
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Ronald Reagan was the President from 1980 to 1988 & he ushered
in a "Republican Revolution" which was labeled "Reaganomics" |
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Reaganomics was a unique combination of:
- econ policy which cut govt regulation, cut taxes, & had
no Industrial Policy,
- social policy which eliminated welfare, &
- foreign policy which supported Poland & the Pope &
oversaw the beginning of the collapse of communism |
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The effects of Reaganomics, including tax cuts, a military buildup,
& deficits, were significant & are still felt in the 00s |
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Reaganomics in the 80s resulted in downsizing, “service” jobs,
cut wages, mergers, less regulation & govt |
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During the era of Reaganomics, the US moved from having average inequality
to having the greatest inequality |
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Reaganomics contributed to an increase in income & wealth inequality
that had already begun as a result of changes in the world economy |
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But Reaganomics did little to change the basic causes of American economic
decline |
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In 1989 temp jobs were only 3% of new jobs
In 1993 they were 26% (New York Times, March
10, 1994) |
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The poverty rate increased because of Reaganomics... & persisted |
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1989 poverty rate was 12.8%
1991 14.2 % as the recession grew
1992 14.8 % at the height of the recession
1993 15.1 % when the recession was over |
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Average family income declined after Reaganomics, & increased
w/ Clinton |
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There has been a decline in average family income through 1994 when
it temporarily increased, followed by continued decline
It was down 7 % since 1989 |
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There was a short recession at the end of the 1st Bush admin,
( Bush, Sr Presidency 1989 - 1992 ) that ended in 1992 & there was
econ growth by 1994 |
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The econ growth in the 90s & 00s is a historically new phenomenon
in that few new jobs were accompanying gen econ growth |
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When jobs appeared, they were "soft jobs" i.e. temporary, part
time, w/ low wages & few benefits |
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In the 90s the effects of Reaganomics began to be reversed |
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From the beginning of the 1980s, the US already had the highest level
of income inequality among industrial nations |
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By the end of the 1980s, this inequality was even higher, & it
continued to grow in the 90s finally leveled out toward the end of the
90s |
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By 95, the US was coming out of the recession in better shape
than Europe & Japan |
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By the late 90s the growth of inequality resulting from job cuts, lower
paying jobs, & more temp jobs created higher profits, was reversed....
at least in the short term |
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Some analysts belief that the European Model will create a better
econ in the 21st century |
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Germany & Japan have less inequality than the US because: |
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a. workers are paid more |
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b. workers have higher levels of education |
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c. workers have higher levels of skill |
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d. both the labor force & corp mg. are more loyal
to each other than in the US |
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The major point of the P - I Age is that there has been a historic
shift
in the American stratification system & the place of the US in
the modern world system |
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It is the end of the Cold War & while American is dominant, it
is not absolute, economically speaking, because we are challenged by Europe
& Japan |
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Gender in the P - I Age: The "New Woman" |
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Race in the P - I Age: |
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At this time there are no more historical eras on the horizon, but
possibilities include
- the Biotech Age
- the environmental / global warming / population crash era
- Pax Democratica / market econ era
- "The End of History"
- the Information Age |
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