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kentuck

(115,294 posts)

2. Why were wages tied to productivity up until about 1972 ??

Reply to ProSense (Original post)

Wed May 2, 2012, 10:03 AM

May 2012

There was no written rule, obviously. It was just something that employees expected from their employers.

According to that graph, wages would more than double what they are right now if wages had stayed tied to productivity. Also, we would have a much healthier middle-class today that would be paying more in taxes and buying more consumer products.

What happened?

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40 Years Of Workers Left Behind (CHART) [View all] ProSense May 2012 OP

So what does Obama propose to do about it if he's re-elected? Lionessa May 2012 #1

President Obama can't do it all NNN0LHI May 2012 #3

So what is he going to do to strengthen unions? And whistle-blowers, he seems to not like them Lionessa May 2012 #4

I just told above you what it is going to take to strengthen unions NNN0LHI May 2012 #9

Problem is,. . . people don't have the protection of keeping their jobs Lionessa May 2012 #12

Why were wages tied to productivity up until about 1972 ?? kentuck May 2012 #2

Stagflation, wage-price controls, oil shock, etc.. Fumesucker May 2012 #6

not a perfect storm, if by perfect storm you mean unavoidable natural phenomenon. Actually, HiPointDem May 2012 #15

Union busting. n/t hootinholler May 2012 #7

Morning In America jeff47 May 2012 #8

Fiat currency. ParkieDem May 2012 #11

deliberate attack on the working class by any and all means necessary. HiPointDem May 2012 #14

In 1980, Americans elected a union-busting fatcat. That's coalition_unwilling May 2012 #5

And a lot of those Reganites are still with us too NNN0LHI May 2012 #10

They should add a line to that chart... toddwv May 2012 #13