Re:Why Can’t Americans Get a Raise?
by specialist on Friday July 14, 2017 @01:51AM
(#14767811)
Labor income has stagnated because we have a glut of labor.
Corporate profitability continues to grow because of increased productivity (increasing the surplus), which they haven't shared with their investors, employees, or government (taxes).
Corporate savings continue to accrue because their (effective) tax rate is low.
Whatever can be said about (low) interest rates, its effect on wage stagnation is second-order, at best.
Corporate profitability continues to grow because of increased productivity (increasing the surplus), which they haven't shared with their investors, employees, or government (taxes).
Corporate savings continue to accrue because their (effective) tax rate is low.
Whatever can be said about (low) interest rates, its effect on wage stagnation is second-order, at best.