EPI’s Josh Bivens and Heidi Shierholz find that a decline of workers’ power—not an increase in employer power—has been the main driving force behind inequality and wage suppression in the U.S. labor market over the last four decades. According to the report, employer concentration and labor market power have been considerable (if under-recognized) over this entire time. However, as corporate-friendly policy choices have chipped away at policies and institutions that bolstered workers’ power, employers’ power has been more effective in suppressing wage growth. Bivens and Shierholz urge policymakers to take measures to restore the leverage and bargaining power of workers.
From the EPI here: What’s behind inequality and wage suppression in the labor market?
Excerpt:
WHICH we've known for a long, long time - since Reckless Ronnie tore-down upper-income taxation - that Income Disparity would skyrocket. As it has done these past 30-years with less than Amazing Grace ...
When did the last upswing of the red-line happen Look closely at that red-line above and note that the upswing took place in the 1980 timeframe. And who was elected PotUS in 1980?
One guess, and only one guess ...
Perspective is behind inequality.
Tax policy which include the gifts that come from corrupting Washington sure, but immigration both legal and especially illegal as well which has allowed for the exploitation of labor.
As the American working class works harder and longer to get less and less, they'll take great comfort in knowing it's all in their heads and a matter of perspective. :roll: Kind of a lazy way to dismiss a very real problem we're facing as a nation.
As a hardcore Trump supporter you directly support the same behavior you claim to be against.
As a hardcore Trump supporter you directly support the same behavior you claim to be against.
From the EPI here: What’s behind inequality and wage suppression in the labor market?
Excerpt:
WHICH we've known for a long, long time - since Reckless Ronnie tore-down upper-income taxation - that Income Disparity would skyrocket. As it has done these past 30-years with less than Amazing Grace ...
When did the last upswing of the red-line happen Look closely at that red-line above and note that the upswing took place in the 1980 timeframe. And who was elected PotUS in 1980?
One guess, and only one guess ...
From the EPI here: What’s behind inequality and wage suppression in the labor market?
Excerpt:
WHICH we've known for a long, long time - since Reckless Ronnie tore-down upper-income taxation - that Income Disparity would skyrocket. As it has done these past 30-years with less than Amazing Grace ...
When did the last upswing of the red-line happen Look closely at that red-line above and note that the upswing took place in the 1980 timeframe. And who was elected PotUS in 1980?
One guess, and only one guess ...
From the EPI here: What’s behind inequality and wage suppression in the labor market?
WHICH we've known for a long, long time - since Reckless Ronnie tore-down upper-income taxation - that Income Disparity would skyrocket. As it has done these past 30-years with less than Amazing Grace ...
When did the last upswing of the red-line happen Look closely at that red-line above and note that the upswing took place in the 1980 timeframe. And who was elected PotUS in 1980?
One guess, and only one guess ...
Tax policy which include the gifts that come from corrupting Washington sure, but immigration both legal and especially illegal as well which has allowed for the exploitation of labor.
Thanks for the outdated info and point of view, but I'll take the free market over increased government control.
Wage is nothing but a price for labor. In econ 101, price is the point where supply and demand intersect. If left alone by outside forces such as "policymakers" (government), that intersection will reflect the real world conditions. Apply government control and everything goes to hell.
Keep your grubby government fingers out of my economy!
Your continuous harping on US upper income taxation rates fails to explain how raising income taxes on "the rich" would increase the pay of other (average?) workers.
Outdated?
You evidently do not know how to read timeline trends ...
I do it particularly to get under-the-skin of the mindlessly RabidRight on this forum.
Which, yes, is getting kinda borrrrinnnnggggg!
Always the same useless prattle for rebuttal ...
Tax policy which include the gifts that come from corrupting Washington sure, but immigration both legal and especially illegal as well which has allowed for the exploitation of labor.
What’s behind inequality?
I do it particularly to get under-the-skin of the mindlessly RabidRight on this forum.
Which, yes, is getting kinda borrrrinnnnggggg!
Always the same useless prattle for rebuttal ...
Thanks for the outdated info and point of view, but I'll take the free market over increased government control.
Wage is nothing but a price for labor. In econ 101, price is the point where supply and demand intersect. If left alone by outside forces such as "policymakers" (government), that intersection will reflect the real world conditions. Apply government control and everything goes to hell.
Keep your grubby government fingers out of my economy!
So no restrictions on trade, the free movement of labour and capital? No regulated professions?
We are not talking about "regulated professions". We are talking about "regulated wages".
Two different animals.
Why is "income disparity" a bad thing? Doesn't it mean people are getting paid what their talents, skills and knowledge are worth? Would you have a world-famous heart-transplant surgeon being paid at the same rate as a burger flipper? Or the newest hire at your company being paid the same as YOU? OH, and including capital gains is a massive distortion on your chart.From the EPI here: What’s behind inequality and wage suppression in the labor market?
Excerpt:
WHICH we've known for a long, long time - since Reckless Ronnie tore-down upper-income taxation - that Income Disparity would skyrocket. As it has done these past 30-years with less than Amazing Grace ...
When did the last upswing of the red-line happen Look closely at that red-line above and note that the upswing took place in the 1980 timeframe. And who was elected PotUS in 1980?
One guess, and only one guess ...
Certainly not
When the government restricts people from being lawyers, doctors, etc they artificially skew the market place. That limits the number of people in that profession driving up wages.
Allow anyone to practice law and watch the cost of legal advice drop (at least at the low end of the market). It should not cost over $1000 dollars in legal fees when selling or a house for instance. It certainly does not take someone spending 7 years in school to be able to process the documents for selling a house
One of the interesting points in the EPI study was their point that employees power had declined, which is only partially true. While low/no skilled employee wages have stayed relatively constant wages for people with rare/in-demand skills, training and expertise has blossomed indicating significant employee power when the employee has something to bargain with.Tax policy which include the gifts that come from corrupting Washington sure, but immigration both legal and especially illegal as well which has allowed for the exploitation of labor.
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