The wage slaves and the spenders are the backbone of the capitalist system. The spending is about 67 percent of it; but the money is the cartilage for the system. What is happening with income inequality and austerity is like osteoporosis of the bones, they’re depleting the economy of its strength. Money is now in the hands of just a few families, the 1 percent, while the 99 percent, who are the actual spenders by virtue of their numbers, have less and less money to keep the capitalist system functioning. Karl Marx pointed out some problems with the capitalist system, which, for one, is the hording of cash and the second, is more products made than are purchased. Both of these problems can be solved by raising the minimum wage to no less than $15 to $18 an hour, which will give the spenders the disposable income to buy durable goods and enhance their living standards. Now where do we find jobs that we are losing to robots? One way is to look at our work history for ways we did before....
This blog is a quick read about concerns, whether local or international, facing union and non-union workers.