More of the Trickle On We're Getting
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.