Labor has no pricing power in the USA and it's partially responsible for the candidacy of Donald Trump & Bernie Sanders - for what it's worth. All the spigots

Labor has no pricing power in the USA and it's partially responsible for the candidacy of Donald Trump & Bernie Sanders - for what it's worth. All the spigots for cheap labor in the USA are turned on full blast and have been increasingly so since the late 1970's when labor power was at its zenith. Those spigots are: free-trade agreements with other countries, automation, anti-union actions, flow of illegal labor, flow of legal immigrant labor, globalization. It's the cause of social turmoil, but that's not much of a concern (in fact it's something to be harnessed and consumed) for the ruling (and chattering) classes.