A Good Economy
By now most people have realized that when the press reports that the economy is strong or getting better, it mean nothing to them. The working conditions or unemployment problems for the average American are not reflected in the reports on the economy. Why is this?
The answer is simple. The media does not report on the state of labor in this country. The most you will see the press report on is the unemployment rate and doesn’t even care to investigate the real numbers.
So, why is the state of the economy so different than the state of labor? The GDP, or the amount of product produced, used to closely track the income levels. In other words, as we made more in America, both the workers and the rich got richer. Over the past 30 years this has changed. Now the workers pay goes down as the rich get richer.
That is why you will often see the stock market go up as the unemployment rates go up. The more they can squeeze the worker, the more the companies are worth, at least short term.
Of course, when the stock markets go down, wages usually go down as well, so the American worker never gets a break.
What’s the solution?
Germany has a wonderful solution. We should investigate it, but you will never hear about it in our news. In Germany, half of all board members in a corporation must be representatives of the workers. Sounds reasonable doesn’t it? After all, the corporation would be nothing without the workers. Shouldn’t they have some say in how things are run?