Showing posts with label Labor's Share of Business Income. Show all posts
Showing posts with label Labor's Share of Business Income. Show all posts

Monday, May 13, 2019

Labor's share of income nosedived in the '90s after NAFTA, briefly recovered and then tanked as globalization/China took over

Do you feel richer? Well do ya?

Employers call all the shots, and you get the crumbs from your masters' tables, if you are lucky. 

Stop voting for the free-traders and libertarian lunatics of the two major parties.


Neel Kashkari and other Fed members seem aware at least of the nosedive in labor's share of business income, but are oblivious to its roots in globalization

Fooling around with interest rates isn't going to bring back the core manufacturing businesses which once formed the hubs of American middle class prosperity. That will be just as ineffectual as it has been throughout the Obama administration. Why should it work now all of a sudden when it hasn't worked for ten years?

Well, what else would you expect from the man tasked with implementing the useless TARP sideshow?

Neel Kashkari still hasn't got a clue, but he sure does sound like the workers' friend.



Minneapolis Fed chief links rates to labor share in interview

Kashkari’s break from Fed tradition on inequality adds to the case for keeping interest rates low. He suggested faster wage growth and low unemployment may not be putting much upward pressure on inflation because workers have lost a lot of their bargaining power in recent decades, echoing a point Fed Vice Chairman Richard Clarida has made. ...