Monday, November 9, 2015

The way the “free market” works

It’s been more than six years since the end of the Great Recession that was caused by the financial meltdown that was caused by financiers and bankers and lenders who went out of control in their criminal quest for more profits.

In that time the average hourly wage of all American employees has risen less than 1.8 percent.

Inflation is up almost 11 percent.

Corporate profits are up about 77 percent.

You do the math.

Here’s another dreadful fact:

The New York Times reports that “the share of corporate income going to workers has sunk to the lowest level since 1951.”

Why are the owners and CEOs and executives and directors of American businesses keeping most of the money for themselves?

Copyright © Richard Carl Subber 2015 All rights reserved.

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