Tuesday, October 8, 2019

It's



always interesting to me, whats not said.

Nowhere in this entire article, is CEO compensation
or income inequality mentioned.
It's like they don't want you to think it's a problem.
I wonder why that would be?



"Average hourly earnings grew by 2.9% from the year-ago period, the metric's slowest pace of growth since July 2018 - and just 1.2 percentage points higher than the last recorded US inflation rate."


"And though the unemployment rate may be at a five-decade low, slowing wage growth is a dire threat to the nation's economy. Lower income generally begets decreased spending, kicking off a cycle that could threaten employment, investment, and economic growth. "


"Globalization and automation have wiped out much of America's manufacturing industry, and as it's more difficult to scale the job ladder than descend it, many of the workers have been forced into lower-paying roles. The trend may explain the slowing wage growth seen nationwide."

"Private sector union membership has plummeted from roughly 20% in the early 1980s to 6.4% in 2018."

The hollowing out of the middle class is now complete.
After the Reagan landslide of 1980 my dad said to me:
"They are out to destroy the middle class of this country."
Mission accomplished.

"The average pay for workers in unions is typically higher than nonunion workers, making the drop in union membership a fairly direct driver of lower average wage growth."

"Unions even benefited those not involved, as industries and areas with large union presences typically pay all workers more compared to those where collective bargaining is scarce. The lack of organization between workers grants companies greater leeway for slowing wage growth."

Don't ever accept the argument they can't afford to pay more.
They can. 
They just don't.

They are not job creators as much as they are wage stealers and will be dealt with accordingly.

"The federal level of $7.25 hasn't changed since 2009, and inflation has nearly caught up with that level over the past decade."

"If workers aren't able to improve their pay through education, collective bargaining, or moving up a corporate ladder, increasing the minimum wage is a safe way to ensure American workers earn a steady living wage."

They don't even want you to have decent crumbs.

James 5:4

Behold, the wages of the laborers who mowed your fields, which you kept back by fraud, are crying out against you, and the cries of the harvesters have reached the ears of the Lord of hosts.

Malachi 3:5 

“Then I will draw near to you for judgment. I will be a swift witness against the sorcerers, against the adulterers, against those who swear falsely, against those who oppress the hired worker in his wages, the widow and the fatherless, against those who thrust aside the sojourner, and do not fear me, says the Lord of hosts.






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