Well…there are a couple of things that I want to talk about today…the first is a neat little study that was done that compared the increase in productivity with the increase in wages since the 1980′s….where the projection of wage increases, if they had kept up with the increase in worker productivity, would have resulted in the median wage for the American worker being almost 100 percent higher than it is…what this says is that even though the American worker is working harder and longer, the fruits of this work increase has gone entirely to the top whose wages HAVE increased by 100% in that same time frame.
The second part of this nasty little secret is the sluggish performance of the American economy and my prediction that if the war on the American worker continued by slashing wages and benefits, and moving jobs overseas, there would be no one left to buy the 40 thousand dollar SUV’s and it would result in a feedback loop that would result in an economy that would never recover; but would remain stagnant over time since the majority of the economy is consumer spending. Exactly what is happening now; no one in the middle class is willing to spend anything since they don’t have any extra money anymore…it’s all in the hands of the rich and powerful who don’t purchase enough to keep the factories moving…and I am going to say this to the short sighted CEO’s out there who are lining their pockets at the expense of the entire American economy….I hope you feel good about yourselves…you’ve managed to destroy an economy that was the envy of the world…hope you can’t sleep at night…geez…