I suspect that the same might be said of this country, Bob: productivity is
apparently lower than in many other parts of Europe, pay is pretty low and
people are feeling the stress. But they don’t dare complain for fear of losing
their jobs (vast generalisation there), nor do they trust the tribunal system
to give them the credit for constructive disimissal.
Chris
> On 18 Oct 2015, at 12:34, Bob Whitmire <fujixbob@xxxxxxxxx> wrote:
>
> If you look at a graph of US productivity growth and US income growth,
> you'll see the two are intertwined like strands of DNA until about 1973,
> when public policy changes started allowing US corporations to do some
> not-so-nice-things. Since 1973, income growth has remained the "bunny
> slope" at the ski resort, while productivity is so steep you couldn't ski
> down that slope, you'd just roll. We are working much, much harder for
> much, much less money, while the overwhelming bulk of the money goes to the
> top 5 percent of people, who are not trickling it down to the rest of us
> like Uncle Ronnie claimed they would, unless you count pissing on our legs
> as tricking down.
>
> Cautionary note: I am not an economist. And I've never pretended to be.
> Well, not that I can remember. <g>
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