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Wages have stagnated but rents haven't , meaning workers just out of college are in a bind: To live where the jobs are, they need help. For almost half of them, though they don't often admit it, that help comes from their parents. According to an Institute for Social Research Transition into Adulthood study whose results were analyzed by assistant professor Patrick Wightman and written about in The New York Times , about 40 percent of 22-, 23- and 24-year-olds get significant assistance from their parents, much of which goes towards housing and start-up capital. The average amount they receive per year comes to $3,000. The rising cost of living over the past couple of decades, coupled with the fact that salaries haven't kept pace, has made it harder for all young workers to become independent , according to the Times: "In the 1980s, Mr. Wightman found , fewer than half of this age group received any parental support. But by 2010 nearly 70 percent of them did." Certain kinds of young workers are more likely to receive subsidies from the older generation, like aspiring artists. They get the most help, too: 53 percent of them pay rent with their parents' assistance. Blue-collar workers get the least help, specifically "people who work in farming, construction, retail and personal services," the Times reports. The Times also finds that young people in big cities especially lean on their parents: They take in an average of $3,500 a year.
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Even this may overstate the benefits of a manufacturing job, since a lot of the pay premium goes to people who are working far from the factory floor. Sales representatives and lawyers are the ones who benefit most from being connected to a manufacturing firm. Meanwhile, ขายตรงมาแรง 2015 nonsupervisory and production-level employees in durable-goods manufacturing actually earn less than similar workers across other fields, and recent research has found that one-third of frontline production workers rely on some kind of government assistance . If youre wondering why lower-skilled manufacturing workers are being squeezed, think about how the world has changed since 1960. Back then, major US manufacturers such as the Big 3 auto companies didnt face nearly as much competition from abroad. That meant more market power, greater room for profits, and ample space for unions to squeeze dollars into workers pockets. But competition from Japan broke Detroits comfortable hold on the auto industry, just as competition from China has eroded profits among other US manufacturers. And even where profits remain high, unions have fallen low , meaning less leverage to demand good wages for low-skill employees. Why Trump may struggle to bring back good jobs Between his call for tariffs, his resistance to existing trade deals, and the direct pressure he has put on US companies considering relocating, Trump has shown a real willingness to breach the bounds of normal economic policy to boost manufacturing. And while its hard to predict the impact of Trumps unorthodox approach, its possible hell hit upon the right recipe to spur hiring, encourage domestic expansion, and even get some companies to bring offshore jobs and factories back home.
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