In bygone days of American prosperity, American incomes rose with productivity. It was the real growth in American incomes that propelled the US economy.
In today's America, the only incomes that rise are in the financial sector that risks the country's future on excessive leverage and in the corporate world that substitutes foreign for American labor. Under the compensation rules and emphasis on shareholder earnings that hold sway in the US today, corporate executives maximize earnings and their compensation by minimizing the employment of Americans.
The Economy Is A Lie, Too
On Monday, August 6, 1945, after six months of intense firebombing of 67 other Japanese cities,...
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