It's a little more than that. It is the financialisation of the economy. If you stop paying workers, then they don't have the money to buy your output and you g

It's a little more than that. It is the financialisation of the economy. If you stop paying workers, then they don't have the money to buy your output and you go out of business. That's the basic philosophy behind Ford's approach - high wages = high sales. However if you deregulate banks then you can replace wage growth with credit growth - increased private debt - which keeps the plates turning. You don't increase wages, you increase the debt people put themselves in overall - student debt, mortgage debt, credit cards. That has the advantage of putting a huge monkey on people's back forcing them to work ever harder in a system that structurally has fewer jobs than people that want them. Then when that falls apart, you plead with the government to plough huge amounts of public money into the banks, so they can restart the credit engine. The cycle that lead to 2008 will repeat again with ever lower interest rate peaks in each cycle.