This article is really about wage theft, but no one likes to call it that.
The author commissioned a study to show how we could make up lost income gains by using earned income tax credits for the lowest paid workers.
This is a great idea which the staff generally applauds, but it misses the point of where the lost wages went. In seeking to fund this make-up pay the authors dance around the idea of making those responsible give it back.
economic growth has far outpaced income growth for decades. Gross domestic product for each person in the United States was 78 percent higher in 2015 than in 1979. But the average income for those households at the 20th percentile of the income distribution rose only 6.9 percent in that span.
No one wants to admit that corporations and the wealthy took the profit from productivity gains and GDP growth away from the workers. Now have to carefully beg for it back. This is not NobodyisFlyingthePlane. This is wage theft.
What Would It Take to Replace the Pay Working-Class Americans Have Lost? http://nyti.ms/2htjKcu