I liked that graph at 1:15. It simply is not true that wages have fallen below productivity when you use a fair accounting (as Krugman demonstrated in his "Ricardo's difficult idea" paper), and when you account for health and other benefits (such as unemployment, FICA contributions, etc.) the correlation is 1:1. This is further demonstrated by looking at wages as a percentage of GDP, which is exactly the same today as in 1961 when health and other benefits are included in "wages"
I liked that graph at 1:15. It simply is not true that wages have fallen below productivity when you use a fair accounting (as Krugman demonstrated in his "Ricardo's difficult idea" paper), and when you account for health and other benefits (such as unemployment, FICA contributions, etc.) the correlation is 1:1. This is further demonstrated by looking at wages as a percentage of GDP, which is exactly the same today as in 1961 when health and other benefits are included in "wages"
migkillertwo 2 months ago
1:33 great book!
MarxLeninTrostsky 10 months ago
Outstanding but the end was cut whats up
sironisix 1 year ago
yeah thanks, i know it was cut off, I didn't like the end, so I just cut it off.
leftistmarx 1 year ago
need to promote this video mate
kuwaimaha 1 year ago
thanks, please do
leftistmarx 1 year ago