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As Global 1% Seize Economy's Gains, 'Unprecedented Wage Stagnation' for Everyone Else


#1

As Global 1% Seize Economy's Gains, 'Unprecedented Wage Stagnation' for Everyone Else

Jake Johnson, staff writer

The world's largest economies have grown at a steady pace and unemployment has consistently fallen in the years following the greed-driven global financial crisis of 2008, but income gains during the so-called recovery have been enjoyed almost exclusively by the top one percent while most workers experience "unprecedented wage stagnation."


#2

For a complete solution to all our problems, see Swift’s A Modest Proposal. President Tramp and his loyal supporters around the globe are just smart enough to understand how gullible we the 99% are. Soon he will initiate a way to get us used to eating the children we have kidnapped at the border. We can reunite the mothers with their babies and encourage them to nurse them well during their first year in prison. Meanwhile we can have our most inventive chefs prepare recipes for the rich. “A young healthy child well nursed, is, at a year old, a most delicious nourishing and wholesome food, whether stewed, roasted, baked, or boiled; and I make no doubt that it will equally serve in a fricassee, or a ragout.”


#3

This is a perfect demonstration of Naomi Klein’s Disaster Capitalism: create a crisis (and the '08 collapse was created) where the aftermath makes the rich richer and the poor poorer.
The underside of this 99% process is: as the 1% in the USA is to the 99% in the USA, the rest of the 3rd world is the 99% compared to the 1% USA. The fear of the loss of this position is what MAGA nostalgia is calling for. Unfortunately.


#4

How to make the poor economically viable: I believe no American gentleman would repine to give $100 for the carcass of a good fat child, which will make four dishes of excellent nutritive meat, when he hath only some particular friend, or his own family to dine with him. Thus the squire will learn to be a good landlord, and grow popular among his tenants, the mother will have eight shillings neat profit, and be fit for work till she produces another child.

Those who are more thrifty (as I must confess the times require) may flea the carcass; the skin of which, artificially dressed, will make admirable gloves for ladies, and summer boots for fine gentlemen. First ask the parents of these mortals, whether they would not at this day think it a great happiness to have been sold for food at a year old, in the manner I prescribe, and thereby have avoided such a perpetual scene of misfortunes, as they have since gone through, by the oppression of landlords, the impossibility of paying rent without money or trade, the want of common sustenance, with neither house nor clothes to cover them from the inclemencies of the weather, and the most inevitable prospect of incurring the like, or greater miseries, upon their breed for ever.


#5

As long as the political process is based on who has enough money to compete, the laws will be rigged to keep all or most of the proceeds of economic growth shared by the 1%. Changing campaign finance laws is the only way to remedy this. How can this be fixed? How about a general strike? A direct attack on the engine that creates their wealth might work, but the message must be reduced hours or a 30 year retro-active pay adjustment along with publicly funded elections for all qualified candidates.


#6

Seems people are just fine with losing or something would have been done to stop them by now. 130 Organizations who have no real game plan except rallies and marches with lots of cardboard signs which have done zero.


#7

This is news? This specific divergence began in the U.S. in the mid-1970s when real wages flattened and then went into decline after a brief post WW2 boom. This is capitalism. In the U.S., the Duopoly Party administers it and permanent war on behalf or the oligarchs, plutocrats and corporations that dominate the global capitalist imperial economy.


#8

We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America.


#9

As Global 1% Seize Economy’s Gains, ‘Unprecedented Wage Stagnation’ for Everyone Else

"With workers worldwide being left behind, says Oxfam, latest OECD reports shows "we need to build an economy that works for everyone, not just the few at the top."

In a statement on Tuesday, OECD Secretary General Angel Gurría said “[t]his trend of wageless growth in the face of a rise in employment highlights the structural changes in our economies that the global crisis has deepened, and it underlines the urgent need for countries to help workers.”

The 1% haven’t simply “Seized Economy’s Gain” – they have taken total control of our “people’s” governments here and in many other countries.

Citizens create economies which are then manipulated by banks, financial institutions and international financial institutions for the benefit of Elites.

Every round of “unemployment” has reduced the possibility of recovery by the unemployed where their resources are exhausted during the unemployment and where they are left ever more vulnerable to loss of income which are compounded by Elite/corporate control of our government: Unemployment Insurance is now limited to two years, for instance.

Not only are wages stagnant, but health benefits have disappeared for many employees.

And what kind of gibberish is this . . . ?

“Well-targeted policy measures and closer collaboration with social partners are needed to help workers adapt to and benefit from a rapidly evolving world of work, in order to achieve inclusive growth,” Gurría added.

The 99% are suffering stagnant wages since the 1970’s because of “well-targeted policies” by right wing governments to destroy employee security, employment benefits and to overall reduce the number of employed workers which is now in the lower 50% range.

When the Congress (now owned by Elites/corporations) turns issues such as “Full Employment” over to the Federal Reserve Bank and prevents this political issue from being openly debated on the Floor of the House and the Floor of the Senate, then the public has no say in our political futures and little understanding of what is at stake for their futures.

THIS is the template for how the world comes to be controlled by the 1% and this has always been the question for humanity – i.e., how to respond to the violence of the few among us.

And, of course, this is most often accomplished by unseen violence.

The only way the right wing can rise is by violence – this has always been true – it is still true today.

The power is with the people if they act together – as CITIZENS – as LABOR – as the Human Family –
for the benefit of the next generations – and with non-violent action.

Changing what is happening in the world can only happen with non-violence.


#10

Make no mistake: Trump is working to disable Americans. When he’s disabled all of us, his base won’t matter to him anymore. He wants to remove health care, Medicare/Medicaid, finances, housing, food, gasoline, jobs, and all that sustains us as independent citizens so that oligarchs can run America. If he is not ousted by 2020, we are in deep trouble.


#11

Are you prepared to die for your beliefs?


#12

Annie –

The first benefit to Elites-Patriarchy is their ability to continue to suggest to males that they must break their bonds with females and children – and they have based that split in “sex” rather than gender.

The second benefit to Elites-Patriarchy was in saving the system of Slavery which guaranteed the Civil War which again split the nation into two camps of hatred which continue to echo today.

Propaganda of hatred by Elites-Patriarchy was little discussed in our schools or text books nor our free press – but it largely succeeded in splitting the population to make us powerless and continues on with its poisonous propaganda still active today against Labor Unions which they have not yet totally destroyed.
But they have succeeded in making UNIONS a dirty word for much of the public.


#13

I vote for guillotines.


#14

It important to keep in mind how the numbers “massaged” to make things look better for the worker than they really are.

As example those think tanks will point out household income climbs from one period to the next as evidence of increased prosperity , without acknowleding that this very often means nothing more then MORE persons in that household working.

While not arguing against Women in the workforce it is a fact that in the transition from the 50’s to the 70’s more and more households were forced to have two people working just to afford what a one person income could earn prior to that.

The same now happens with hours worked as legislation designed to limit the hours worked per week are eroded. Again if a person works a 75 hour week at 2 different jobs this means a higher household income over working a 40 hour week at one job.

The only real way to measure how well the worker doing is to compare purchasing power per hour worked from one time period to another and specifically purchasing power as it relates to the necessities of food, shelter, clothing, health care and education. Again here those think tanks like to trot out the fact that other STUFF cheaper (like your Refridgerator) when that other STUFF is just a one time purchase.

That the working class has more in the household working, and puts in more hours per week just to keep their heads above water, is also why those Payday loan compnaies thrive and why Credit Card debt driven upwards and why there ever more food banks.


#15

I hope that I will have the courage to do that – non-violently – and I think we have seen that it has taken great courage in the past for AA’s to remain non-violent in their fight for Civil Rights and, as well, Homosexuals in their campaign. Also true of women who have remained non-violent across thousands of years of persecution by Elites-Patriarchy/Organized Patriarchal Religion. I’m not saying that I will have the courage should that time arrive.

Another example of this non-violent sacrifice were followers of Gandhi, Martin Luther King, Jr. – and most recently (as I recall it) Japanese Elders who went into Fukushima plants to aid rescue operations.

I think many parents will sacrifice their lives for their children and many do so every day.


#16

The Minimum Wage is now worth 25 cents less than the Minimum Wage in the 1950’s.


#17

What is it about, “Changing what is happening in the world can only happen with non-violence” don’t you understand?


#18

Kevin –

Hi –
I didn’t want to say this to “Dark Ages” because I don’t want to further depress everyone here, but often the call is not simply to give your life. It’s to be tortured. No dictatorship can exist without controlling the population and that requires a system of torture. We have seen the elevation recently of Gina Haspel to head the CIA and the role she played in Torture and in hiding it from the public by destroying videotapes.

Elites, of course, from their long time playbook know this. We have only to look back on the violent history of this nation in regard to the torture of the Native Americans here under Papal Edicts to “enslave or kill” them. Certainly “Christianity Introduced the Cross with the Sword” in their long history of precedent setting torture. It’s a sad subject which one way or another has to be considered.

And my fears about the new Supreme Court appointee are less to do with abortion than they are to do with torture. Recall that everything that Hitler/Nazis did in Germany was “legal” because of the “Nuremberg Laws.”

My personal feelings are also that it is some kind of insanity/paranoia which drives the few Elites and we should more often think of it that way and consider our responses in that way.

And I think that’s more than ever in obvious evidence with TRUMP –
See: The Dangerous Case of Donald Trump by 26 psychiatrists
There’s an excellent interview by Amy Goodman - DEMOCRACY NOW! – of the Editor of the Book.
Will try to add a link as I would recommend that readers here give it a few minutes of their time.
HERE . . . TEXT WHICH CAN BE READ VERY QUICKLY. But also try to see some of the video.
(December 2017)

“There are Thousands of Us”: Mental Health Professionals Warn of Trump’s Increasing Instability

Note …
New Director of CIA’s Role in Torture
_Mr. Trump also named Gina Haspel as his choice to become the next C.I.A. director. WASHINGTON — As a clandestine officer at the Central Intelligence Agency in 2002, Gina Haspel oversaw the torture of a terrorism suspect and later took part in an order to destroy videotapes documenting the brutal … _
https://www.nytimes.com/2017/02/02/us/politics/cia-deputy-director-gina-haspel-torture-thailand.html


#19

This is the sad News we get every day with never any solutions… keeps spinning us around like a top.


#20

We on the left have long known this. Some defenders of the status quo here deny this, but the data is pretty clear, and we have been increasingly implementing right wing policies in recent decades. What we on the left have only started to do recently is to propose actual alternatives nationally, and we have only recently been part of policy discussions on TV, within the dominant media and within the Democratic Party (less so there, at least among those with power in the party). It isn’t enough to point out how bad the system is, we need alternatives. We do have them, those in power in both parties don’t, but we are only starting to make some inroads as far as getting people in power that can actually change what needs to be changed. Thatcher, decades ago, had her TINA comment (there is no alternative), and the left for a long time struggled to answer to that. She wasn’t even talking about socialism, but less brutal forms of capitalism, like social democracy. Robin Hahnel and those like him have documented the large number of what he called “experiments in equitable cooperation”, Gar Alperovitz has does so too, as has Jessica Gordan Nembhard, Elinor Ostrom and Ellen Brown, among others. But we have to actually rally around coherent alternatives and fight for those in power that not only don’t provide any solutions, but are clearly making things worse.