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View Diary: All the serious people want you to suffer (133 comments)

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  •  A couple more key dates (14+ / 0-)

    from Smith's timeline .

    1971–1972—The  CEOs  of  America’s  biggest  corporations, responding to Powell’s  memo, organize the Business Roundtable, which becomes the most potent political lobbying arm of Corporate America. The National Association of Manufacturers moves its headquarters to Washington. In one decade the U.S. Chamber of Commerce doubles its membership and the National Federation of Independent Businesses (small business) grows from 300 to 600,000 members.

    1973—The productivity of U.S. workers rises 96 percent since 1945, and average hourly compensation rises in tandem—94 percent from 1945 to 1973. Average Americans share in the  nation’s  prosperity.  In the next three decades, from 1973 to 2011, worker productivity rises another 80 percent but hourly compensation rises only 10 percent. Ordinary Americans are cut out of their share of the  nation’s economic gains.

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