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I agree. American employers have failed to raise wages and American workers have accepted this as OK. That's not the fault of inflation its the fault of a passi
by bruce511 4y ago
I agree. American employers have failed to raise wages and American workers have accepted this as OK. That's not the fault of inflation its the fault of a passive workforce.
Contrast to France where workers are organised, and motivated, and the slightest sign of pain leads to rioting.
While it's easy to "blame inflation" for the decline in real wages, that's not the root cause of the problem. Of course every employer keeps talking about inflation as the cause - it deflects from the real cause.
- sacnoradhq 4y agoAbsolutely. There are tens/hundreds of millions of aspiring American billionaires who believe hard work for peanuts or a lottery ticket are their salvation. If American workers had any sense and self-respect, they would capture more of the value they create by forming worker-owned co-ops rather than give their blood, sweat, and tears over to investors (those who own capital and wealth) of publicly-traded companies. Lone wolf, self-absorbed, rugged-individualism doesn't scale well beyond about 1 person. The prevailing lack of both community and solidarity in the US are sources of major social and economic failure. Many Americans believe less regulation, fewer laws, and greed magically result in wealth flowing from the heavens.