- "Globalization" has opened up a vast pool of billions of workers who work for much less than Americans. This, in turn, has resulted in companies shifting formerly middle-wage-paying jobs overseas.
- Technology has continued to increase productivity, allowing companies to do more with fewer employees.
- Average hourly earnings have been flat for ~50 years (after adjusting for inflation), as companies steer their wealth primarily to senior management and owners at the expense of average employees.
- Tax policies have increasingly favored investors and high wage earners over middle-class and upper-middle-class wage-earners.
- An obsession with "shareholder value" at the expense of other stakeholders (namely, customers and employees) has led companies to cut employee costs to the bone.
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3 comments:
The problem is Socialist dems in office and media.
and the people of america are too stupid to see this...
one word...GREED
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