Quote:
Originally Posted by Paul Markham
But it hasn't worked like that over the last 20 years. more money has been flowing into the hands of fewer people all the time.
As you say the middle class is struggling, the working class are in a bad way and some are sunk without Government support.
The problem comes when a $30 an hour job is replaced by a $15 an hour job. And that;s the trend.
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It hasn't worked like that because it became more important to pay CEOS and shareholders all the corporate profits at the expense of the workers. In a quest to keep pushing constant profits for shareholders, wages were reduced and then the jobs shipped overseas so wages could be reduced even more.
This came because of failed trickle down economics.. Reagan was the first to open the doors to China and everyone since has left them open.
Corporations like trickle down because they benifit. The average worker gets fucked though and that's where the govt should be trying to protect them.