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Why has american workers wages stagnated, as productivity has increased , CEO pay increased , and corporate profits are at all time high?
8 Answers
- Wage SlaveLv 77 years agoFavorite Answer
Deregulation and a convoluted tax code. Instead of raising our wages, we were told to borrow, which worked for awhile but then you get bubbles and credit crunches (a la 2008 financial disaster).
- SocratesLv 77 years ago
American economic recoveries are supposed to start, sharply, soon after a recession is over. The recession was over a full 5 years ago now. Any recovery has been anything BUT sharp. The sad part is that the economy was ready to recover. Corporation started returning to profitability again in late 2009, right on schedule with recovery (the recession was over July 2009). However, due to the oppressive regulatory environment heaped upon business, big and small, business owners didn't want to expand (creating jobs) in this business-hostile environment. When big business doesn't expand, it has nothing to spend it's money on so it builds up. THAT'S why corporate profits are at an all time high. Being that the effects of the recession are still with us, business is still hunkering down, not wanting to spend a lot. This also explains worker wages.
- You Need Me!Lv 77 years ago
Because your beloved (D), along with my despicable (R)s, care only about their votes, their money and their power. You know all that income inequality/min wage crap they're spouting? It's a fan dance for you. To make you believe they are really looking out for your best interest. Then, with the other hand, they open the borders to let, unintelligent, low-skill works pour in. Workers that will take your job for 1/2 the pay and not complain. Open your eyes Tom Joad. Stop looking at (R) voters as your enemy. We already saw this crap coming down the pipe years ago. It's going to hurt you. It's going to hurt me. It's going to hurt the illegals that are only jumping at brass rings. The only people benefitting are the power players and their corporate sponsors. We're all getting played and robbed while they all go out to dinner and drinks together. The rest of us are fodder, just there to fill their troughs.
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- smsmith500Lv 77 years ago
It has something to do with the government giving billions to wall street to preserve the fantasy of a "recovery".
- Anonymous7 years ago
Dang, you listed enough BS links ... did you really think someone would click on all of them ... LOL ! GREED is the answer to your question ... there's no shortage of it !
- SumLv 77 years ago
We have given 40% of our national wealth to the Very Very Rich...... that might have something to do with it. Welcome to the republican Trickle-Down swindle.