The chart shows correlation, not causation. Until 1970s the economic growth was limited by the available labor. The worker wages were growing faster than those of CEOs and we could have strong labor unions. But then we started to automate manufacturing and since then we have a surplus — to many people desperate for a job. Or a gig. Minimum wage. OnlyFans. Anything that pays.
Which Unions?
Watch “The Irishman”.
Do you really want Jimmy Hoffa to be the man who leads?
Sure, he’s “better than nothing”. But where does that leave you?
I generally support unions. I definitely support Chris Smalls.
I’ve donated to him in the past.
Guess what, I’ve spent nearly an hour trying to figure out how to donate to him again.
I have no idea how to send Smalls money. My past donations have been erased.
If anyone has a clue, let me know.
Immigration, Outsourcing, Trade deficit
Union strength coincided with wealthy elites being afraid of a communist revolution in which they could lose everything. Instead of taking that risk they ceded power to a much bigger government. What we need is a much bigger democratic government, fully reformed in a way that eliminates minority and special interest meddling, that acts as an antagonist to the rich rather than their partner. Making the rich afraid again could be helpful as well.
Union in private sectors BUT NOT in public sector. I want government employees to run more efficiently and responsively to people.
Minimize inequality by taxing wealth not work.
The charts shows who’s capturing government to benefit themselves, so follow the money:
* Who can’t afford a house, & who’s buying multiple houses?
* Who’s having trouble buying groceries, & who has no idea how much groceries cost (or that it’s even a word!)
* Who can’t afford daycare & who is sending their kids to private schools?
When the rich get a tax break they don’t buy groceries or goods because they already have all that stuff, they buy assets, which means fewer dollars into the hands of workers.
The world has finite assets, so their share goes up & worker’s share goes down.
So if we tax wealth instead of work we fix the problem
8 comments
Yeah, that ain’t happening.
Sounds great. How?
The chart shows correlation, not causation. Until 1970s the economic growth was limited by the available labor. The worker wages were growing faster than those of CEOs and we could have strong labor unions. But then we started to automate manufacturing and since then we have a surplus — to many people desperate for a job. Or a gig. Minimum wage. OnlyFans. Anything that pays.
Which Unions?
Watch “The Irishman”.
Do you really want Jimmy Hoffa to be the man who leads?
Sure, he’s “better than nothing”. But where does that leave you?
I generally support unions. I definitely support Chris Smalls.
I’ve donated to him in the past.
Guess what, I’ve spent nearly an hour trying to figure out how to donate to him again.
I have no idea how to send Smalls money. My past donations have been erased.
If anyone has a clue, let me know.
Immigration, Outsourcing, Trade deficit
Union strength coincided with wealthy elites being afraid of a communist revolution in which they could lose everything. Instead of taking that risk they ceded power to a much bigger government. What we need is a much bigger democratic government, fully reformed in a way that eliminates minority and special interest meddling, that acts as an antagonist to the rich rather than their partner. Making the rich afraid again could be helpful as well.
Union in private sectors BUT NOT in public sector. I want government employees to run more efficiently and responsively to people.
Minimize inequality by taxing wealth not work.
The charts shows who’s capturing government to benefit themselves, so follow the money:
* Who can’t afford a house, & who’s buying multiple houses?
* Who’s having trouble buying groceries, & who has no idea how much groceries cost (or that it’s even a word!)
* Who can’t afford daycare & who is sending their kids to private schools?
When the rich get a tax break they don’t buy groceries or goods because they already have all that stuff, they buy assets, which means fewer dollars into the hands of workers.
The world has finite assets, so their share goes up & worker’s share goes down.
So if we tax wealth instead of work we fix the problem
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