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Interesting. How did corporations lower our pay arbitrarily? A wage is an agreement between the employee and the employer, neither party can unilaterally lower or increase the wage.
You're forgetting all that went in to get to that agreement between two people.
It was a deliberate choice to increase automation, crush unions, gain political capital to shift policy from a more Keynesian approach to a neo-liberal model, outsourcing. Coupled with the affect of women having to enter the workforce, increased immigration and searching globe for lower wages, wages began to stagnate. Not all of it was a deliberate plan but the business community seized on the opportunity to unravel the gains of the last half century to increase their share.
As Warren Buffet admitted, its class warfare and his side has been winning.
You're forgetting all that went in to get to that agreement between two people.
It was a deliberate choice to increase automation, crush unions, gain political capital to shift policy from a more Keynesian approach to a neo-liberal model, outsourcing. Coupled with the affect of women having to enter the workforce, increased immigration and searching globe for lower wages, wages began to stagnate. Not all of it was a deliberate plan but the business community seized on the opportunity to unravel the gains of the last half century to increase their share.
As Warren Buffet admitted, its class warfare and his side has been winning.
You are providing no specifics whatsoever. Would you mind giving one specific example?
Are you saying business should not look for ways to reduce their labor cost, and as consumers, you would like to see huge price increase?
It was a deliberate choice to increase automation, crush unions, gain political capital to shift policy, outsourcing because as the goal for the business is to maximize profit. Even a non-profit business is doing all those.
On the other hand, as individuals, we do not have to work for those businesses. There's no such legal obligation.
You're all mad at corporations who you willingly give money to and let the governments (city,county,state,fed) all slide when they take their little cut.
You probably don't even realize that they are taking $.40-.60 of every dollar you earn (varies on location).
The government is taking half of your money and you don't even blink an eye.
And most of you don't even realize that because it's all done piecemeal by the various government entities.
The only thing they want you to be concerned and aware of is your federal income taxes but that is just the tip of the tax iceberg.
I really don't know how many times people have to explain it to you:
During the late 70s, wages began stagnating and have not risen since (except for a small brief period during the late 90s/2001). That lowered the purchasing power of many workers which made them make it up with debt financing. So not only did corporations lower out pay, they increased prices and lent us the money to buy their stuff with interest.
Productivity is up, profits are soaring but labors share has gone down. Unionizing to mitigate these losses is almost out of the question for many workers too. Corporate policy through effective lobbying has made laws favor the business interests over worker interests.
I mean what more do you want?
Thats an American-centric viewpoint though and is based in the 1950's-1960's being some sort of NORMAL baseline for future workers instead of pre-WW2.
US labor had it's best era ever because we had little competition and everyone else was rebuilding from the war. Not to mention, as the victor we got to dole out all the contracts etc.
The days of the C-student stumbling through highschool to land a decent paying job in a factory are gone. They aren't coming back. What's sad is that when I was growing up in the 80's the mantra as the economy downturned was to get skills, get an education and so forth to get ahead.
It's a global economy and we have people essentially complaining that Americans that coast on by in school etc. are still entitled to a wage that falls in the top 10% of the world. No politician is going to tell you the truth but they know that's a dying dodo of a reality.
You vote and you put the crooked politicians in office.
You gave away your government.
I know but still not my fault even I have no clue what I have voted for nor do I hold them accountable. It's their fault not mine.
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No politician is going to tell you the truth but they know that's a dying dodo of a reality.
