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The Rowboat (Wages) And The Yacht (Assets)

Authored by Charles Hugh Smith via OfTwoMinds blog, As I keep saying: the status quo has divested the working and middle classes. The reason why the status quo has failed and is fragmenting is displayed in these three charts of wages, employment and assets: wage earners (labor) are in a rowboat trying to catch the yacht of those who own assets (capital). Here is a chart of weekly wages of those employed fulltime: up a gargantuan $4/week in the 18 years since 2000.
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As I keep saying: the status quo has divested the working and middle classes.The reason why the status quo has failed and is fragmenting is displayed in these three charts of wages, employment and assets: wage earners (labor) are in...

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