RE: How Fucked Up Are Trumptards?
August 7, 2018 at 11:43 pm
(This post was last modified: August 7, 2018 at 11:44 pm by Angrboda.)
https://www.nytimes.com/2018/08/06/opini...-view.html
Quote:A recent Reuters analysis found that the bottom 60 percent of income-earners have been fueling their spending, and thus the economy’s, by using their savings or credit cards. They almost have to, because wage growth is expanding at a disappointing 2.7 percent annual clip — despite evidence that employers are finally throwing a few more pennies at workers.
The prospects for wage growth ought to be good, given the tighter labor supply. But American companies have made an art form of not sharing the wealth with workers. Productivity growth has vastly outstripped real wage growth since the 1970s, according to Deutsche Bank research. Yet employees are working harder and smarter and not getting commensurately remunerated, while corporations have a record share of the national wealth. That is to say, workers have been getting ripped off.