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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 ...
Excerpt:
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.
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 ...