Saturday, December 6, 2014

WAGES DOWN, POVERTY UP - THIS IS OBAMA'S AMERICA! The state of world capitalism: Labor productivity up, real wages down

The state of world capitalism: Labor productivity up, real wages down


· In the two advanced countries with the greatest income inequality, Spain and the United States, job losses and wage cuts accounted for nearly all the increase in inequality.


AMNESTY: The solution to keep wages depressed



A more recent national survey by the Federal Reserve, based

on 2013 data, suggests the problem has not only persisted as

the economy recovered but may even have worsened.

More than 30 percent of Americans reported spikes and dips

in their incomes. Among that group, 42 percent cited an

irregular work schedule; an additional 27 percent blamed a

span of joblessness or seasonal work.
 


At the highest level of the capitalist ruling elite, there are those

who understand full well that their system has entered into a crisis

 that can end in only two ways: either the revolutionary overthrow

of capitalism and the expropriation of the tiny minority of

billionaires and corporate bosses by the working class; or a

counterrevolutionary bloodbath of such proportions that it would

make the crimes of imperialism in the twentieth century pale by

comparison. The ruling classes of the world are preparing

accordingly, heaping up weapons, building armies of police,

intensifying their attacks on democratic rights and spying on the

entire population of the world.
 




WAL-MART: Their assault on the American worker


Wal-Mart jobs have become synonymous with poverty wages and poor working conditions.

 Hundreds of thousands of Wal-Mart workers rely on food stamps, other public programs

and food banks simply to get by, and American taxpayers pay $6.2 billion annually to

subsidize Wal-Mart's poverty wages.

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