Sorry, I don’t share the optimism or excitement in the headlines about the new job figures–partly because I don’t believe this lasts. It’s funny how the elites wants to always demand that we think about how the world has become “global” when it means demanding wage cuts and acceptance of shitty trade agreements like the Trans Pacific Partnership. But, when it comes to trumpeting the go-go U.S. “recovery”, the facts of the world are put to the side.
Especially when it comes to talking about ROBBERY.
I recently wrote about the robbery of peoples’ wages in the U.S., a robbery covered up with the innocuous word “stagnation”.
The robbery is simple: people have worked their asses off for four or five decades, productivity has soared and only a drop of that has translated into higher wages. That’s robbery.
Now, here’s a graph released today by the International Labor Organization which looks at productivity and wage growth across the globe:
What you see here is simple. Unlike the little month-to-month snapshot we get on jobs figures, this looks at period of about 12 years.People everywhere have been very productive.
And their wages have been pathetic, compared to how productive they have been.
That is ROBBERY on a global scale.
