Labor’s share of the national income is in freefall as a direct result of the optimization of financialization. The Achilles Heel of our socio-economic system is the secular stagnation of earned income, i.e. wages and salaries. Stagnating wages undermine every aspect of our economy: consumption, credit, taxation and perhaps most importantly, the unspoken […]
Posts Tagged ‘stagnated’
The Real Reason Wages Have Stagnated: Our Economy Is Optimized For Financialization
September 9th, 2017 Awake Goy