"there’s reason to believe the link between falling unemployment and rising wages has been severed"

[seabeckind]

10. Once again Reich nails it

When an entity can control the supply, the demand will rise to the point where the entity can name its price.

As far as an industry is concerned, competition is good when they have a demand but very,very bad when there is a competition for their product.

The solution is to break up the trusts. Kill the oligopoly. Make the corporations bid for labor. Then wages and benefits will rise. We don't need a minimum wage, we need a minimum level of competition.

The local business paid for for talented workers cause they had to compete with the factory down the road. The factory down the road had to compete for workers with other factories.

As soon as the factories closed... we bid for the right to work.

Enter the Race to the Bottom between states and it gets even worse.