Corporate greed LOL....
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Corporate greed LOL....
Want to know a big reason? Supply of workers due to illegal immigration driving down the wages of everyday americans not in white collar jobs.
Basically everything privately owned (food, clothing, technology, etc)... have collapsed in price due to free market dynamics.
What has exploded? healthcare, education, housing... basically everything the government heavily subsidizes
but the bot has his software... "corporate greed!!!!!"
I mean you can believe whatever you want.
https://files.epi.org/charts/img/8755.png
I like to go with the classic Dead Kennedy's verse
You're a star-belly sneetch
You suck like a leech
You want everyone to act like you
Kiss ass while you bitch
So you can get rich
While your boss gets richer off you
What on earth does CEO pay have to do with rising costs?
the Democratic Party is so lucky to have these people
let's look at Walmart CEO... he has a salary of $1.3M (most of his comp is based on stock performance).
Walmart sells ~$600B in goods every year.
Zito's contention is that his salary is a meaningful indicator of costs of goods. Imagine how much cheaper everything would be if he took a zero salary!!!!
lol the Democratic Party is so very lucky to have these people!
Capitalism (in this country at least) has evolved into industries that are more concentrated (a few big players) and less competitive. Relative to Europe (where anti-trust laws have been more effectively enforced) prices for a variety of products have increased (and supply shifted down) as a result of this shift toward more concentrated industries where firms have a certain amount of monopoly power.
This is documented exhaustively by Thomas Philippon in his book "The Great Reversal: How America Gave Up on Free Markets."
One consequence of the increase in market concentration and monopoly power has been an increase in corporate profits as a share of the economy.
During the second half of the 20th century, corporate profits were 6-7% of GDP.
During the last two decades they have been around 10% of the GDP and the upward trend still appears to be intact.
Less competitive markets are great for capitalists and CEOs. Not so good for workers and consumers.
Not a good look for the 19th amendment
"nobody is pro abortion!"
A huge victory for women.
I read through the first couple pages of this thread and it made me nostalgic. 5+ years later and the folks marching can’t even define what’s a woman.
They would march about it but then society would shut down