all of his arguments can be easily debunked, but the funniest one is him being a lefty basically arguing for lowering wages so corporations/executives can make more profit (the productivity argument )
productivity did not meaningfully change its trajectory after the 1965 immigration act, it remained relatively linear.
but what did change is the wages of non-executive workers all the sudden flat-lined ( due to newly imported cheap labor), while executive pay remained unaffected and continued to rise with productivity
communist arguing for the rich to get richer and the poor to get poorer shows how effective brainwashing is
RT: https://friends.ravergram.club/users/Bernard/statuses/115732610841238107
productivity did not meaningfully change its trajectory after the 1965 immigration act, it remained relatively linear.
but what did change is the wages of non-executive workers all the sudden flat-lined ( due to newly imported cheap labor), while executive pay remained unaffected and continued to rise with productivity
communist arguing for the rich to get richer and the poor to get poorer shows how effective brainwashing is
RT: https://friends.ravergram.club/users/Bernard/statuses/115732610841238107
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@homesteader_surfer @Bernard
This graphic is not stating the gravity of the problem enough.
They should measure the productivity and compensation in gold price, not dollars.
https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
but using the productivity/wage graph instead, shows the stagnation in wages started in the mid/late-60's, before the nixon gold standard massive inflationary period starting in the 1970's
but you are correct, going off the gold standard has been devastating