Quote:
Originally Posted by Danzig
from the first article:
The causes of this middle-class decline are many, from globalization (jobs being shipped overseas), to the decline of private-sector unions, to the wholesale embrace of a "shareholder value" religion that values profit over everything else that companies produce. But the result of the trend can be seen vividly in two charts
the underlined part is a HUGE reason for our current problems, with companies going as automated as possible, and with burdening as few people as possible with as much work as possible. our productivity is tremendous, but income doesn't reflect that.
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Meanwhile those at the very top getting filthy rich. Any changes vis a vis lower taxes, releaxed regulations will NOT result in more jobs, it will result in those at the top getting even more filthy rich. The business model will be to continue ship jobs overseas and bring in Cheap labor. Meanwhile those wages that are being shipped overseas and not to our middle class will not BECOME REVENUE for other companies as it is gone. This is unsustainable for our economy but it doesn't matter to those at the very top as they are getting theirs now and the future of our country is of no concern. I say is our enemy
al-Qaeda , Iraq, Iran ? I see these parasitic CEO's sucking the last revenues off the dying corpse as more of a threat.
Obama stood there and said he was going to remove the loop holes and rewards for shipping jobs overseas 4 years ago. I voted for him and he failed me. He is nothing more than simply another politician pushing his parties agenda.