Summary Of The Broken Basic Bargain

An impressive line from “The Broken Basic Bargain” is, “In 1914, Henry Ford announced he was paying workers on his Model T assembly line $5 a day- three times what the typical factory employee earned at the time.” “The Broken Basic Bargain” is an excerpt, on pages 404 to 406, from the book Rereading America: Cultural Contexts for Critical Thinking and Writing which was edited by Gary Colombo, Rober Cullen, and Bonnie Lisle. A Ted Talk video that relates to the excerpt is “Mike Rowe: Learning From Dirty Jobs.” The video was filmed in December 2008 and the speaker was Mike Rowe, the host of Dirty Jobs. The excerpt and video point out that society needs more people to work in jobs that may be looked down upon, these jobs are necessary to keep the economy going and everyone happy. Mike Rowe did a fantastic job at linking a real life example to the point he was trying to make the audience understand. He began the

A bargain was made many years ago that Americans would be paid enough to buy what they need for everyday life. Now days, every job pays different wages, everybody has a different amount of bills to pay, taxes are taken out of paychecks, some jobs have benefits and others do not. Every job is unique but that can have a downside to it. Say someone is working a great paying job and it has benefits which the company pays for (health, eye, and dental insurance); those people have much more income and very few things to pay for. Another person his working a minimum wage job and that jobs only perk is the paycheck; this person has way more bills and much less money. Therefore, the rich begin to make way more money while the poor have to pay out more money. This will always end of affecting the economy because many more people will end up going into debt, while a smaller amount of people have so much money they do not know what to do with