More of the Trickle On We're Getting

WxDano(5b-2a-6/7)March 30, 2013

So the recovery:


Total compensation in blue, profits in red.

Happening for the elites. Not for the rest.

An interesting take on this has to do with SS benefits and "entitlement reform": if workers got their share of projected productivity growth over [the past two decades], wages would be around 40 percent higher in 2035 than they are today. How much do you want to bet that workers would prefer before-tax wages that are 40 percent higher with another 2 percentage points pulled out for Medicare, than stagnant wages and no tax increases?

In other words, why are serious people wasting time over this nonsense? There is much more at stake in controlling health care costs and ensuring that workers get their share of productivity growth than there is with aging. [emphasis added]

IOW; the upward redistribution of wealth in this country is affecting our retirement too.

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pnbrown

Of course.

North america will be nearly an unofficial collection of banana republics by 2035.

    Bookmark   March 30, 2013 at 2:01PM
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rosie(Deep South, USA 7A/B)

Looking at current wages in the latter 1940s/early 1950s with the New Deal and Fair Deal programs at work and projected national growth, President Truman thought average wages would be TWICE what they were toward the end of the century. A happy man. well, the national growth did happen. So did wage suppression.

    Bookmark   March 30, 2013 at 4:49PM
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youngquinn_gw

better get yourselves UNIONIZED!

    Bookmark   March 30, 2013 at 7:57PM
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jodik_gw

I've been saying something to that effect, PNBrown, for quite a while, now... the writing is on the wall, and has been for some time.

    Bookmark   March 31, 2013 at 8:11AM
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pnbrown

Except we won't have any bananas outside of south florida...

    Bookmark   March 31, 2013 at 8:14AM
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marshallz10(z9-10 CA)

Gmo bananas in your future! Cross the suckers with Arctic Lemmings and create a cold weather avatar that will hibernate

    Bookmark   March 31, 2013 at 9:55AM
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jodik_gw

The only things that have trickled down so far are precipitation... and pee.

    Bookmark   March 31, 2013 at 10:41AM
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