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Politicians have caused a pay ‘collapse’ for the bottom 90 percent of workers, researchers say


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9 hours ago, motonoggin said:

I’ll full admit that wages haven’t kept pace. 

I’ll also agree that money in the hands of working poor does more for the economy than someone in the top 5%. 

But were wages in 1979 sustainable? Ie. being able to start a union job from high school without getting any trades and Buy a house in a couple of years.  Lots of non skilled factory guys had cottages, new cars very 3 years. Most of their wives didn’t work etc. Those guys would brag that they weren’t paid to think and would spend as much time avoiding work as working.  

The pendulum has swung too far but I don’t think the 70’s were sustainable. 

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