Got that Tiny Tim? Mr. Scrooge isn't the problem, the problem is that overpaid bum, Cratchett.
American Wages Out of Balance
By EDWARD HADAS, MARTIN HUTCHINSON and ANTONY CURRIE
Published: November 10, 2009
American workers are overpaid, relative to equally productive employees elsewhere doing the same work. If the global economy is to get into balance, that gap must close.
New York Times.com
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A hat tip to one of my favorite bloggers out
there
So how much more do the Masters Of the Universe at Goldman Sachs and elsewhere think that Americans should be paid comapred to the outright slaves and other indentured servants throughout the world? Join me below the fold to find out, and do't forget your torches and pitchforks.
Of course, workers in the United States should earn more than their peers in China, Moldova or Vietnam. Americans take advantage of the higher productivity that makes their country rich: better education and infrastructure, abundant capital and a strong work ethic. But how much higher should American wages be?
~snip~
The global wage gap has been narrowing, but recent labor market statistics in the United States suggest the adjustment has not gone far enough.
New York Times.com
Bold text added by the diarist
Wages in America have been stagnant since the 1980's. But how can we make them lower so Multinational Corporations can exploit labor here the way they do in other Third World countries? In their article, the New york Times suggests that we are likely to see Great Depression levels of Unemployment until American wage slaves are willing to settle for a lot less.
YAY! Three Cheers for Capitalism!
A few days ago I wrote about how Wall St is trying to get aroun new regulations that would ban SLAVE LABOR and other forms of enforced and indentured labor. Now we see the other side of that plan, which is to reduce Americans who are't CEO's to a state of desperation where they will work for slave wages that are comparable to what other laborers world wide accept in their 3rd world states of desperation.
And yet, what the NYTimes does NOT point out is that, in an age where the wealthiest make more and more, somehow everyone else is expected to accept less and less. Is that a coincidence? Of course not! But don't mention it too loudly, or you must be a socialist who hates America, unlike those wealthy captains of industry who love America so much that they are willing to starve it into submission.
In my article the other day about wage slavery and the class war, I wrote this.
But know this, and remember it when you fight and confront the Corporatism that lies at the heart of the Conservative movement and their fake populist enablers. They would enslave you too if they could, and they are doing everything they can to reduce the American worker to the wage slaves that they seek.
It seems I am more right than I thought I was, but that doesn't give me any reason to feel proud.
The class war is raging on, and We The People are losing badly. The Neo-Conservative Reagan inspired "Government is the problem" seeks to avoid placing blame on Capitalism and the Greed drive profit motive that causes it. I think one of the best things we could do for our country is to wake up the people on the right side of the political spectrum to the fact that the class war is real, we are your friends and Corporate America is the enemy, or, at least as much a part of the problem as our corrupt political process.
Because, when I read things like this, it sends a shiver down my spine, and my mind goes red with rage.
But if American wages get stuck above global market clearing levels, as in the 1930's,, the result could be something approaching Depression-era levels of Unemployment.
Anything would be better than that. Both moderate inflation to cut real wages and a further drop in the dollar's real trade-weighted value might be acceptable.
New York Times.com
Bold text added by the diarist
Got that? The Great Depression wasn't caused by Unregulated Businesses and a Wall t gobe wild, no, it was those greedy overpaid American laborers that were the REAL problem, just like today!
And the answer seems to be that Americans should accept even less than they did when the real wages in America started falling at the beginning of the 1980's, but nevermind rising prices and all of the other increases in cost of living that are inevitable in order for profits, precious profits to be made.
The NYTimes glosses over some of Wall Streets excesses in their article, but the point is clear, it is the poorest person in the rooms fault, NOT the richest guy. Class War? What class wwar? Everything is just fine, so stop complaining, you lazy overpaid, America hating socialist.
Make no mistake, the Wall St crowd and the Masters of the Universe are GLAD that unemployment is this high. They get to drive down your wages and blame it on the President and the politicians, and all while racking up even higher bonuses and other profits.
So keep your pitchforks sharp and your torches ready to be lit, because things are certain to get worse before they get any better. That seems to be EXACTLY what the wealthiest 1% who are waging the class war seem to want.
But not me. I want justice.
So what would you prefer, the Blue Pill or the Red Pill?
Remember, all I'm offering is the Truth, nothing more.
Crossposted at The Progressive Electorate.com and Docudharma.com
