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The Real Reason Wages Have Stagnated: Our Economy Is Optimized For Financialization
09-08-2017, 11:07 PM,
#1
The Real Reason Wages Have Stagnated: Our Economy Is Optimized For Financialization
The Real Reason Wages Have Stagnated: Our Economy Is Optimized For Financialization

<p>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 social contract that the benefits of productivity and increasing wealth will be distributed widely, if not fairly.</p>


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