A big reason for wages to become stagnant since ´75 was the busting of workers' unions.
>muh unions are bad, muh unions are socialism
the result speaks for itself
CEOs greed
Elijah King
Luis Jackson
Sebastian Campbell
wages can be kept low if a company can find someone doing the same work for less pay. why is this not true for the ceo? would the board of fucktrads want someone who works for less?
Noah Green
unless i'm misunderstanding this chart it's literally just saying that CEOs productivity has increased which corresponds with the increase in wages. What's wrong with that?
Julian Smith
something happened in the 60s/70s bros
what was it?
Elijah Carter
Ceo is the guy who investors look to. Only thing that matters is stock price, so they compete on getting the guys who investors throw money at and that number gets higher and higher
Nathan Bell
Wages of GOODS PRODUCING workers - we became an information society. Productivity of factories was increased by computers and robots, with a large part of the extra profits going to trained professionals such as engineers rather than the handiwork plebs.
Elijah Foster
we all know it was the juice
americanactionforum.org
Eli Davis
Just want to point out that trickle down economics actually DOES work and is demonstrated.
It just trickles down to the poorest not to the middle class.
Look at China and the economic growth of most third world countries like many african nations. All the wealth trickled down from western conglomerates into the poorest countries that are booming and forming middle classes right now.
Jason Nguyen
Effectively unlimited 3rd world migration happened, cutting the legs out from under the lowest classes. Whereas once you would have been able to organize and ask for better pay or conditions, now you can be fired for any minor offense and your slot is filled by Miguel for 1/3 of the cost within the hour.
Raising the minimum wage won't fix this. You need barriers to keep human capital within a certain radius (ie borders). That way the money builds within local communities instead of fleeing to wherever it's easiest to live, and then the banksters fleece the newcomers for all they're worth as they get settled.