Tuesday, July 17, 2018

Wages

       I heard an encouraging and discouraging report this morning on TV. Since the 1970s employees income rose an astounding .02%. So, after forty odd years, workers are making two tenths of a percent more today than they did in 1978 after inflation. I guess you could say that workers income is up.
       From 2016 to 2017 workers wages fell .02%.Well, there goes that two tenths of a percent increase in wages. Now I said encouraging but I meant it sarcastically. I said discouraging because it was all discouraging.
       What I find unfair is that with the economy rising so fast and with the tax cuts in full swing where is all that extra profit going? Now some will say it goes to everyone with a retirement plan.
But some don't have a retirement plan because their pay check doesn't cover the cost of a retirement plan. What with food, and rent and car payment and health insurance, there just isn't anything left for retirement. And there were some one time bonuses too.
       So who's getting all that extra profit? The top 1% of Americans. But wasn't that going to trickle down to the middle class and poor? Oh, wealth was always supposed to trickle down to the middle class and poor. But a funny thing happened on the way to the bank. It got deposited in the accounts of the one percent of Americans and they sort of kept it.
       But that isn't fair. How come nobody ever complained? Well, some people do complain, but there aren't enough to make the politicians see the problem. After all the politicians are, in many cases, part of the 1%. So to get change you have to start shouting very loudly and get all your friends to do the same. It may not be fair, but that's what is needed.

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