For 25 yr after WW2 productivity & worker's pay rose together & created middle class. In 1980 govt & co. policies started increasing CEO/stockholder pay while squeezing every $ possible from workers. If wages still rose w/ productivity we'd have no crisis of income inequality now

Dec 8, 2020 · 12:26 AM UTC

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Replying to @ercjhnkrbs @marwilliamson
People want to blame it all on Regan but the trend clearly started under Carter
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Replying to @ercjhnkrbs @marwilliamson
Nixon/Ford/Carter. It was well underway by Reagan's presidency
Replying to @DemayJosh @marwilliamson
True but there are confounding variables which skew the numbers greatly. Like I said, household sizes started decreasing and single-motherhood increased which has skewed these numbers. So while this is somewhat of a corporate enrichment story, it isn't entirely
I just want to be clear about something: the top 10% is not a static group. 39% of Americans will reach the top 5% during their lives during at least one point! nytimes.com/2014/04/20/opini…
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Replying to @marwilliamson
The point is to make the working people suffer! Do you have no heart for the CEOs?
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Replying to @marwilliamson
What happened in the ‘70’s?