Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

kenny blankenship

(15,689 posts)
2. For at least 3 decades, workers have accepted health benefits in lieu of rising wages
Sat Jun 29, 2013, 11:18 AM
Jun 2013

while decent paying jobs were exported to coolie labor countries. The cost of education was driven through the roof, trapping classes of working people in a stagnant labor market where their wages were suppressed as a matter of govt and central bank policy. Those who attempt to escape into credentialed professions through the university system are heaped with outrageous debts that cannot be discharged in bankruptcy. For thirty years, in lieu of expanding wages the 99% got credit cards. Now, the debt pyramid has collapsed on the 99%, while the financial class 1% who caused it all got FREE MONEY and a get-out-of-jail-free card. But at least, in all this mess, the 99% had their expanded health benefits.

Now the system is coming for your benefits. It was a natural progression of predation: having stifled wages for a generation the system of profit maximization had no where else to go.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»General Discussion»(Obamacare etc.) We got t...»Reply #2