welfare vs wages

[jms62]

Originally Posted by Danzig

http://www.slate.com/blogs/moneybox/...employees.html

'But corporate America as a whole has been so successful in squeezing the labor share of national income lower and lower that it's become a substantial constraint to businesses' ability to sell things to people. The cycle of low wages, low demand, weak hiring, weak bargaining power, and low wages just keeps grinding on.'


you'd think corporations would understand that if they paid more, their employees would spend more, thus driving up demand and creating jobs-with more people making money, spending more, etc

They only need to paint a pretty picture for the next earnings report so they can dump their options into a market being supported by fed dollars. The race to the bottom continues.