Is This Class Warfare?
Check out these charts from a recent report by Deutsche Bank and see what you think:
(Feeling Underpaid, Zero Hedge)
Well, what do you know? Everywhere the global bank cartel has its tentacles, wages are either flatlining or drifting lower.
“Coincidence”, you say?
Not bloody likely, I say. There’s either policy coordination between the various heads of state and their central banks or wealthy elites have secretly seized the levers of power and imposed their neoliberal dogma when no one was looking. Either way, it’s pretty easy to see the effects of “extraordinary monetary accommodation” on wages. It’s done absolutely nothing, which is why inflation has stayed in check. Because if wages aren’t rising, then inflation remains subdued which gives central bankers an excuse for launching another one of their trillion dollar QE programs that further enriches their crooked friends on Wall Street.
Yipee! More free money for Wall Street and the investor class!
See how it works?
And what about productivity? Why are wages no longer rising along with productivity?
(What Killed the Middle Class, Zero Hedge)
It seems fairly obvious that if wages don’t rise with productivity, then personal consumption is going to flag and the economy’s going to tank. If that’s the case, then boosting wages should be a top priority among policymakers, right?
But it’s not. The top priority for most politicians is kowtowing to their private sector bosses who fund their campaigns and make sure they have a nice-comfy job when they finally call it quits after years of groveling service. Isn’t that the way it usually works for these so-called “public servants”; they craft legislation that serves their fatcat constituents and then count the days until their next big payoff?
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