BELABORING

Posted in Quick Hits on September 4th, 2016 by Ed

If I can offer you some advice on the American version of Labor Day, stop reading the internet and go do something. I mean, finish reading this and then go do something.

Rather that recount at great length the pitiful condition of the labor movement in the United States – and, surprise, since it declined we've been working more hours, more productively, for essentially the same income we were earning 35 years ago – I'll simply ask you to review this series of nine figures summarizing the extent of wage stagnation in the past few decades. Like most non-wealthy Americans, when inflation is considered relative to (hypothetical) changes in my income I'm actually working for less money with each passing year. Meanwhile the people in charge seem to be doing alright. They must be smarter and better than the rest of us.

There is a breaking point for this. I've no idea what it is or if I'll live to see it, but this trend can't continue indefinitely unless we revert to feudalism.

Shit. We're probably going to revert to feudalism, aren't we.