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Global Economy’s Stubborn Reality: Plenty of Work, Not Enough Pay


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2017 Oct 7, 10:18pm   1,381 views  1 comment

by Heraclitusstudent   ➕follow (8)   💰tip   ignore  

https://www.nytimes.com/2017/10/07/business/unemployment-wages-economy.html
But Strategist says this is not a race to the bottom.

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1   anonymous   2017 Oct 8, 6:39am  

"In 1972, so-called production and nonsupervisory workers — some 80 percent of the American work force — brought home average wages equivalent to $738.86 a week in today’s dollars, after adjusting for inflation, according to an Economic Policy Institute analysis of federal data. Last year, the average worker brought home $723.67 a week....Last year, only 10.7 percent of American workers were represented by a union, down from 20.1 percent in 1983, according to Labor Department data. Many economists see the decline as a key to why employers can pay lower wages."

How's trickle down and deregulation workin' for ya? You have the "right to work for nothing" so shut the fuck up unless you're gonna blame the brown fuckers.

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