All income growth from 1971 to 2008 went to the top 10% of wage earners. Income for bottom 90%, when adjusted for inflation, has been stagnant for the last forty years.
Total credit market shows all growth for bottom 90% was debt.
Percent of US workers employed full time is at levels not seen since 1984.
How can wages be flat for the bottom 90% over the last forty years when corporate profits have increased by 800%?
And corporate profit margins have tripled.
The end stage of this latest manifestation of free market capitalism is on the door steps of the US. It's a matter of when, not if. When it does happen, most will say,"it happened so fast, overnight," but it's been going on, heading for the endgame over the last forty years.
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