Wednesday, December 2, 2020

Wages for the top 1% skyrocketed 160% since 1979 while the share of wages for the bottom 90% shrunk — Lawrence Mishel and Jori Kandra

Just deserts based on marginal contribution or institutional bias?

Economic Policy Institute
Wages for the top 1% skyrocketed 160% since 1979 while the share of wages for the bottom 90% shrunk: Time to remake wage pattern with economic policies that generate robust wage-growth for vast majority
Lawrence Mishel and Jori Kandra

6 comments:

Andrew Anderson said...

Just deserts based on marginal contribution ...? Tom Hickey

How is it justice that jobs are automated, de-skilled or outsourced away with the PUBLIC'S (including the worker victims') CREDIT but for private gain?

Andrew Anderson said...

... or institutional bias? ibid

Government privileges for private credit creation favor the richer, the more so-called "credit worthy", at the expense of the poorer, the less so-called "credit worthy."

Matt Franko said...

All this shows is that the dynamic range of compensation has increased over this time period..., so what?

Matt Franko said...

https://en.wikipedia.org/wiki/Dynamic_range

Peter Pan said...

Desensitized – What American Dream?
https://youtu.be/aPE6HJevX5Q

Peter Pan said...

Desensitized: Shock Doctrine and Destructive Capitalism
https://youtu.be/cpuLkdcBlpo