(testing signal)

Tag: wages

Mass Inequality Reason III: Low Wages

The West can make anything China makes and better quality. The problem is greed of corporations not wanting to pay workers livable wage. They would rather pay CEO 1500 times what a line assembly worker makes, and then send manufacturing to a third world country or China. All for the sake of profits and stock holder equity.

But here´s the thing: once the economy slows too much the whole system tends to implode, and then wages disparity become a huge issue, because their growth can’t cope with debt interest + principal payments.

Young people find their standars of living lower than thos of their parents, investments seem not to be profitable without government subsidies. Pension promises become overwhelming compared to the wages of young people, etc.… Read more...