3 ms·
And they sure as shit won't throw a bone to employees (whose wages have been stagnant for a decade) Labor rates have been stagnant for a decade -> disposable i
by padobson 11y ago
And they sure as shit won't throw a bone to employees (whose wages have been stagnant for a decade)
Labor rates have been stagnant for a decade -> disposable income is eaten up be inflation -> consumers have less money to spend on new and novel products and services -> there's less incentive to invent new and novel products and services -> there's no innovative companies to invest in -> companies pile up cash in banks, but don't think to invest in their employees
- GFK_of_xmaspast 11y agoIn real terms, wages have been stagnant since 1981-ish.
- ozborn 11y agoSadly it is even worse - think early 70s. http://www.pewresearch.org/fact-tank/2014/10/09/for-most-workers-real-wages-have-barely-budged-for-decades/ http://www.pewresearch.org/fact-tank/2014/10/09/for-most-wor...