Also keep in mind that after WWII, the entire world's economy was in shambles-EXCEPT for the United States.
We survived that global conflict largely intact with an immense production capacity and an overabundance of skilled workers to run it. During the 1950's and '60's, all our competitors were busy rebuilding their shattered economies, infrastructures and societies while we cranked out the goods unimpeded. We call those times "The Good Old Days".
For a few decades had the entire world's markets to ourselves. As countries like Germany and Japan slowly regained their footing, competition increased and our economy slowed.
NOW we compete with global players that undercut wages and manipulate currencies to their advantage. Its hard to keep a job when your direct competitor is willing to work for a tenth your wage and content to live in a onsite dorm while doing it!
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Today's Featured Article - Product Review: Lead Substitutes - by Mike Schordine. Lead was oriinally added to gasoline as an upper cylinder lubricant. It lubes the valves and seats. If you rebuild the motor, you could use hardened seats and valves, and unleaded fuel. But if your old tractor runs good, a simple lead substitute added to the gas is a perfectly reasonable solution. And, if you are like me, your tractor is under cover, but it sits outside. So with every temperature change, the humidity in the air collects in the fuel tank, in the form of water.
... [Read Article]
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