The owners of productive capacity have never valued labor from a moral perspective. Yes, the media and politicians spin the “hokey, aw shucks, America” message about the value of work and how virtuous it is to work even harder because it’s the American way. That message was spun by manufacturers when they relied on American labor.
Not any more.
American labor has been devalued given the alternatives of either replacing American labor with foreign labor or with the technology too many are raving about; the very same technology that is playing a role, albeit not necessarily a primary one, in pushing labor to the side. Wages will never increase as long as human resources are deemed as less valuable to the producer.
Since there is no legal guarantee that an American get a job when he or she is willing and able to work, all the moralizing about employing more people at so called living wages will be for naught.
President Obama will exercise his option to talk rhetorical bullshit during his state of the union address because deep down inside he knows that the people he will be speaking to are nothing but waste and collateral damage in this growing economy ….