Is It Time to Rebuild the Middle Class with Six Figure Mentors?
Is It Time to Rebuild the Middle Class with Six Figure Mentors?
In a tragic turn of events, the American middle class has peaked; it is now declining if not vanishing all together. Are you prepared? Do you have a plan?
The Other Ford Story
Ford Motor Corporation is Henry Ford’s automobile company and it is definitely connected with Detroit.
On the other hand, there is an additional Ford story. Mr. Ford also cranked out automobiles in Pittsburgh.
In the early 1910s, the demand for Ford automobiles was increasing. But there was a problem. Totally assembled vehicles had been hard to make and expensive to move by rail. Also, there was quite a bit of damage in transit. So Ford came up with a better idea.
Ford built satellite assembly plants. It was less complicated to move components to distant sites by rail. Ford shipped parts to Pittsburgh and hired neighborhood workers to assemble the automobile such that it was close to the point of sale.
From 1915 – 1932, Ford’s Pittsburgh plant assembled about 40 cars each day. The plant closed in the depths of the Great Depression. By present day requirements, 40 cars per day seems like a low production volume. But for a lot of years, this concept worked for Ford.
According to tax records, the Pittsburgh Ford plant continuously employed 400 – 600 workers, at remarkably superior wages. The plant also produced a thriving network of vendors that employed thousands of other individuals. This included railway workers up and down the Pennsylvania Railroad line in between Michigan and Pittsburgh.
Plus, there had been staff at smaller sized nearby factories and machine shops in Pittsburgh. These workers produced components like hoses, springs, seats, and electric wire bundles.
The supply chain and resulting jobs of the Ford plant extended straight out the front door. There had been transportation workers on the old Pittsburgh Railway Company who were driving electric trolley cars that were carrying individuals to and from work, their homes, and urban centers.
Down the street from the Ford plant was one of the first modern day gasoline stations. It was the brainchild of the advertising and marketing department of the old Gulf Oil Company. In the filling station, attendants pumped gas, checked tires, washed windows and established an iconic image of service that is definitely burned deep in to the heart and soul of America.
The Ford plant in Pittsburgh was a network of productive urban manufacturing jobs that paid very well for the standards of the time. Plus, the Ford plant created nearby pockets of technologies, business and service that led to more jobs and more wages.
Directly and indirectly, the Ford plant in Pittsburgh supported quite a big population. Tens of thousands of people lived in nearby neighborhoods. Not far from the Ford plant, streets were lined with food retailers, dry goods stores, restaurants, churches, schools, hospitals, film theaters and a great deal extra.
To be sure, Henry Ford’s plant didn’t modify Pittsburgh, let alone the nation, all by itself. The Ford plant helped transform a single region of Pittsburgh into a wealth-creating hub. As talked about above, the plant lasted only until 1932.
But even soon after it closed, the legacy with the Ford plant lived on. It’s as if the Ford plant sowed seeds of perennial industry and commerce, which took deep root. Several on the nearby supporting enterprises survived and outlasted the Depression.
Pittsburgh’s Ford plant tends to make for exciting history. Indeed, for those who ever wondered how the American middle class came about, it aids to understand something like this story of one specific urban site. Nevertheless it goes beyond this one plant in one area.
The more substantial point is the fact that the Ford facility was among quite a few industrial plants that sprang up in Pittsburgh, across Pennsylvania, and across the nation through the early part of the 20th century.
Now if you multiply this certain Ford/Pittsburgh story from the tens of thousands, or anything along these lines, you get the idea of a lot of other corporations, popping up in cities and towns all across the U.S. over several decades.
It took a while on the other hand the financial landscape of quite a few cities and towns across the USA integrated into the plants and factories that comprised the lengthy, complex arc of history that created America’s manufacturing backbone, together with the nation’s industrial-based middle class.
It drives home the concept, as well as the historical truth, that creating a middle class is no simple feat. There’s nothing easy about it. It takes entrepreneurship, investment, technology and tough work; plus it will take a long time.
In a tragic turn of events, on the other hand, the American middle class has peaked. The industrial middle class is now declining, if not vanishing all together.
Is It Time to Rebuild the Middle Class?
Times have changed in the U.S. and not for the better for many. It’s not overstating the case to say that some thing great has been lost. What took quite a few decades to construct was wiped out in ten years.
Should we, or could we if we wanted to, go back to the good old days, of building Ford vehicles out of kit parts in factory buildings like the one previously described in Pittsburgh?
If only it were that simple. No, we can’t go back to living in that now-vanished industrial past as it has changed too much.
Right now, the U.S. work force competes against newly built parts with the world; from Brazil to Singapore and from Turkey to the far reaches of China. Other locales have their own Ford plants, so to speak. These plants may perhaps in fact create automobiles, just like Ford. Or maybe they fabricate microchips, computers, pharmaceuticals, oil area equipment, airliners or a lot of other items.
Whatever they make, the plants in these other ecosystems across the globe now produce jobs, and support their own wealth creation economies and middle class populations.
While other parts of the world are building out, the U.S. has arrived at its sorry predicament through its own actions. The nation has spent many decades pursuing a lot of undesirable economic thoughts, starting with a common debasement in the dollar. It really is as if the Federal Reserve is basically incapable of respecting the monetary signals that specific things send, particularly gold and silver.
Too Much Government Spending
Now add in extra poor policy. The U.S. has abandoned capital-friendly ideas that used to work and adopted other ideas which can be designed and destined to fail. The simple method of stating it is to say that local, state, and federal governments now tax, spend and control things way too much.
Let’s also discuss how the nation has financial-ized its economy. The greatest portion of most discussions of the economic climate currently is about what’s excellent for Wall Street, versus what assists businesses on Main Street. The idea is that Wall Street somehow has a collective way, and some monetary magic, to appropriately allocate the nation’s capital for the highest and best uses. But that is really not how it works.
The bottom line is that the U.S. has to make a conscious and collective national decision to be friendlier to capital investment; that is definitely where the jobs are created. It is how the wealth from the nation is going to be produced.
As a way to prosper, the nation must generate energy, mine things, produce things, make things, and sell things. That is, after all, what makes nations great. It means that all across the U.S.A., governments ought to reduce business taxes, lessen regulation, provide a friendlier labor climate, and adopt a more open approach to development.
It will require many decades to rebuild things, if that’s even achievable. But if we choose to remain a great and powerful nation, we have to make the effort.
A different strategy to rebuild the middle class is to inspire folks to retool and become entrepreneurs in the New Economy, at times referred to as the Digital Economy.
Get Self Employed
My personal suggestion is for men and women to take into consideration becoming an online entrepreneur. Several high profile business leaders, which includes the Oracle of Omaha, suggest that you must concentrate on becoming an online entrepreneur, becoming self-employed, or becoming a small business owner as it is going to be a definitely difficult road within the months and years ahead; really they say, it’s going to be an uphill battle.
Consider a Home-Based Business
One more opportunity being considered by many seeking to replace a lost job or those seeking a career change, is to retool and establish a home-based small business. A home business can offer people a way to update their skills and use new tools to create new income opportunities. It can empower seasoned workers, seeking to a make a career change, to venture out on their own as entrepreneurs and grow in confidence, versus being consumed by the fear associated with a shrinking job market.
Technology is available to everyone at home and it is even better than what you can get in a large company. The best tools and support needed to run a home-based business are now available to individuals at an affordable cost. This makes a home-based business opportunity very appealing.
Finally, a great book to read is “Linchpin” by Seth Godin as it explains to each of us how we can make an indispensable contribution to something we care about.
Retool Your Career
Let me conclude this post with a message from a naval aviator friend of mine … no matter what flight plan you are on, fly high, fly fast, and fly far!
Learn More HERE to Retool Your Career and File Your New Flight Plan with Me!
Your Six Figure Retooling Mentor