4 ms·
One step further, the problem isn't so much that wages aren't going up right now, it's that they've tended to stagnate for quite the extended period already...
by TheSpiceIsLife 4y ago
One step further, the problem isn't so much that wages aren't going up right now, it's that they've tended to stagnate for quite the extended period already...
and that governments and (some) big businesses / industries are basically colluding to ensure virtually none of the gains in profits are spent on wages, or social services (health, housing, etc) that would make a difference.
- WalterBright 4y agoIf you're wondering where all the money went, consider the enormous growth in the government. Yes, you get to pay for it, one way or another.
- djbusby 4y agoRecord profits?
- WalterBright 4y agoFor 40 years?
- piva00 4y agoMore-or-less, yes? Since the advancement of neoliberalism there's been a markedly increase in the wealth gap in all developed countries, the money has been concentrating at the top for the past... 40 years.
- WalterBright 4y agoThose calculations always completely overlook the growth in government.
- piva00 4y agoCan you provide some sources and comparisons then?
- WalterBright 4y agohttps://www.federalbudgetinpictures.com/federal-spending-per-person-is-skyrocketing/ https://www.federalbudgetinpictures.com/federal-spending-per...
- TheSpiceIsLife 4y agoThanks for providing that link Walter. That's quite astounding! I'm in Australia, I'd hazard a guess we've got a very analogous scenario here.