The War on Wages

Dr. Heiner Flassbeck: If wages don't rise and the "pathological" power of finance is not pushed back, we will face a deep depression

Category:

News & Politics

Tags:

• Wages
• Heiner
• Flassbeck
• finance
• depression

[bamboo4tameshigiri]

I refuse to be a wage slave. I will live off the land before I waste my skills on you rich pigs. My skill are worth NO LESS than $20 an hour. Period. I refuse to work for $10 an hour and pretend like I am happy. That will not happen. I will sabotage your company if you refuse to pay fair wages. Its as simple as that. I would rather destroy you than be your slave.

[PhysicallyMental]

Solution: workplace democracy.

Workers can find the perfect balance between wages, and investment. They have an incentive to keep wages up, and to keep the business growing because they own it.

[bamboo4tameshigiri]

@KripDrip I can survive without your system.

[KripDrip]

so what r u gonna do? have no job and make no money?

[707hoser]

Yes, wages are rising in China but from a very low level. It will take decades of wage increases before the Chinese worker can get a fair share of the wealth he creates. There is an arbitrage between wages in the east and west, creating a downward pressure on wages in the developed world.

[daniel987878]

Wages are going down in the western world due to the integration with lower wage countries. there has to be controls otherwise you undermine jobs and wages. The loss of incomes was offset with increasing debt to facilitate this integration and global slavery by a syndicate of corporations and political parties.

[daniel987878]

A big part of the problem is central banking and how monetary policy is conducted. Instead of the central bank dealing with large international banks for monetary policy it should deal directly with the public.

[gordogreen]

unions are the solution. unions lost thier strengh because of contractors greed. unions keep employers to a better standard of living for the employes. in the 70's and early 80's the unions had strengh and unity and everyone made a good income. now all the uneducated non union tradesmen drive the price of quality work down. therefore driving down the quality of life for the educated tradesmen.

[niriop]

@PhysicallyMental You sir have both sanity and ethical values!

[theindiekidable]

This is so obvious its not true, Suppressing wages, suppressing demands, which suppresses the economy.

[Swansen03]

@PhysicallyMental :D funny thing is, that is the true definition of "socialism" and is exactly why the term has been skewed into what it is. So the idea is then lost into the battle of the false definition of that word. Agentina is big into this right now, there are also some places in Wisconsin and rural Illinois doing this. Pre WWII there was a company in Louisiana collectively owned, but can't find the source material atm...