If you look at the updated somewhat notorious graph below, you can see that worker productivity has been detached from worker wages starting in the 1970’s. This was the result of a concerted campaign by the very wealthy to suppress wages by suppressing labor unions, getting tax code changes in their favor which transfer tax liabilities off of them and onto other Americans, even by suppressing voting.
This has created a great deal of economic distress in the bottom 90% of economic Americans and will result in a backlash. What I do not understand is the strategy. Going from astonishingly rich to fucking rich changes the lifestyles of those rich people exactly how? Is it just getting their way, at least for the while until the backlash, that makes this worth doing?
Even Henry Ford understood that if you paid better wages, you would get much of that back through one’s employees becoming one’s customers. Hell, these rich people invented the company store, where laborer’s wages got sucked back to the employer through required purchasing of the goods to survive. Those stores are no longer allowed, but Henry Ford knew that his employees, once they had the wherewithal to purchase a car, were going to buy one of his because of loyalty generated through his paying better than normal wages to his workers. (It is called gratitude.)
But, the current crop of rich bastards would rather strip away the ability to buy the goods their companies produce and, what, sell those goods overseas? When the pitchforks and torches finally end up circling their gated communities, will the plutocrats wonder why their employees aren’t more loyal to them? Are they that stupid? Do they think we do not see what they are doing?
