In the graphic I posted, the average wage increased $0.10 in the last 32 years but in the same time period CEOs went from $490.31 to $5,419.97.
And this is precicely the problem I am talking about here.
Don't get me wrong. CEOs and business creators should make a lot of money to reap their success. I believe that they should be rewarded with high pay for the stress and risks associated with the business.
That being said, there has to become a rational point of interest for American businesses owners who survive off the public. By that I mean, a business who sells products to Americans needs Americans to be able to buy the product. There comes a scale where eventually if the Americans do not make enough money, while spending all their time at work, they fail to monitize other businesses that need American demand. So while the overall GDP has gone up based on the wealth of businesses, the structural ground beneath it has become weak, and this why we as a nation are, as Donald Trump puts it, "losing at everything".
Instead of a factory worker making a living wage doing factory skilled work leading up to the 70s, we have shifted to an employment culture where factory or retail scale work is nearly invaluable to the businesses (which is not true) and corporate media have lead us to believe that these positions are "unskilled" and deserve low pay despite the success of the business. Unfortunately, we have turned into a socitey where "low skilled labor" is becoming the norm. We have more immagrent workers, more women workers, more teenage workers, more people with "no skills" in low paying jobs who cannot function in society without subsidies, more students with 30K in debt who have to start paying that off in 6 months after graduation who cannot find good enough paying work so they get underpaid and take less skilled jobs.
Now we are coming to a point where 2 or more people have to split the cost of a home to even afford it, rent rates have gone through the roof, education has increased 1500% in cost, we have more students in serious debt who get jobs that they cannot supprt themselves on top of the loans, people who have to work 2 BS jobs just to get by, and a society full of people my age who think they will get 45K a year after graduation for their education, but get hit with 25k for business administration jobs and then laughed at for not having skills, even though college was hard as Sheet. And now since companies are so reluctant to give out healthcare, the government has forced it upon us, and now more taxes for everyone. So IMO, if we don't make a change for the betterment of the working class in America, we will face serious stagflation, our industries will slow down, car and housing market will stagnate because no one will take out loans anymore.
Basically for college students my age, you have told us to get an expensive education or we get "low skilled jobs", take out a huge loan cause " low skilled jobs" don't pay enough to support helping person get a college degree, we now have a degree and 45K debt but our "skills" still lack, so you pay us cheaply, even for good jobs, we still cannot afford to do anything, and the rest of the college grads or dropouts with huge debt get underemoyable jobs with "no skills" who live with their parents still because they don't get paid enough. This is the socitey we have created. I don't think it has effected us yet, but it is right around the corner if our businesses in America don't stop trying to cheat the workers out of a decent pay.
