Labor Day Summary: Wage Earners Have Taken A Beating
by Charles Hugh Smith from Of Two Minds
ZeroHedge.com
Sep 5, 2016
Let’s honor Labor Day by reviewing what’s happened to wage-earners in the eight years since central banks “saved the financial system” with free money for financiers: It’s really very simple: wage-earners have seen their real earnings stagnate or decline while those chosen few with access to near-zero interest borrowed capital have seen their net income and wealth explode higher.
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