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From ‘Nobody Wants to Work’ to ‘We Need Higher Unemployment’
The prevailing economic consensus is always to discipline labor
Imagine a world where headlines consistently shout and passionate weekly op-eds are penned calling for an end to insanely excessive CEO pay, stock buybacks, and corporate greed. Sure, the likes of Robert Reich will occasionally break through and get a piece that speaks some truth in mainstream media, but they are very much the exception to the rule.
Picture a media that consistently shamed wage theft, ILLEGAL anti-union practices, and a lack of salary and benefit increases despite record profits.
They very well could create that image.
Those are real trends in our economy. CEO pay has increased 1322% since 1978, wage theft is $8 billion a year, every corporation is disregarding the law in trying to clamp down on the rising unionization movements across the country, stock buybacks are not real economic activity — and used to be illegal — but are hundreds of billions of dollars inflating paper values, profit margins in many sectors are at all-time highs, adding to the inflationary pressure, and wages have been stagnant for five freaking decades.
Week after week, the media could be exploring those topics, creating the anger, motivation…
