“Look at that, proof that stagnant wages cause more productivity”
- Our bosses
this post was submitted on 11 Feb 2024
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It's time for productivity to go down.
spoiler: productivity is cheating on wages with CEO wages
"our company is making tons of profit, it must be because of the CEO, let's give him more money"
At least productivity has house prices to hang out with
What happened 1979? Reagan?
1979 was Jimmy Carter, a Democrat. Reagan did not start until 1980, and while he is famous for breaking the backs of unions, thus crippling their ability to fight back against this trend, he did not actually start it.
Before Carter was Ford and Nixon, both Republicans. Ford pardoned Nixon's crimes, supposedly to help "heal the nation".
According to Robert Reich's "Inequality for All" (free link) - he was the Secretary of Labor under Clinton and previously served under both the Carter and Ford administration so he was very much attuned to what was going on - this trend started due to the rise of corporations, which have super-rights that humans do not have. e.g., taxes on stock dividends were capped at like 13% while payroll taxes can go up to >35%, and while if a human commits a crime they would go to jail, but not so with a corporation. It's a great racket scheme for the rich to cover themselves in a legal fiction so as to avoid pretty much any responsibility for their actions. Hence why we see so many corporations acting so very boldly to destroy the planet - after all, why not? What's the worst that could happen to them in return?
They don't actually answer that question. It's like they're building to a huge reveal, and then it just stops. Unless I missed it completely.
Edit. Never mind. It's just a bitcoin pump. What a waste.