Bringing Back Wage Growth

[erpowers]

Although this option seems to not get as much media attention, some people have stated that one way to improve the economy and the deficit outlook is to give a larger share of productivity growth to workers in the form of wage increases. Larry Katz, an economics professor, once said that if wage growth over the last twenty years had grown half as much as it had in the previous twenty-five years our budget would have essentially been balanced. So, what can the government do to increase or bring back wage growth?

[T Wolf]

1. Hey. The "wages" of those on top are growing just fine, thank you. The peons would just waste it

on food, clothing and shelter.

So take your commie rantings elsewhere.

:sarcasm:

[Vincardog]

2. RAISE TAXES. When companies or individuals face giving more than 50% of the next dollar to the

gubmint it makes a LOT more sense to spend that money on LABOR

[rfranklin]

3. Tax the rich! Really...here's why

Roll Back the Reagan Tax Cuts
Monday 22 November 2010

by: Thom Hartmann, Berrett-Koehler Publishers | Book Excerpt


This is the third installment of Tom Hartmann's groundbreaking book, "Rebooting the American Dream: 11 Ways to Rebuild Our Country." (Image: Berrett-Koehler Publishers; Edited: to)

You must pay the price if you wish to secure the blessings.
- Andrew Jackson


When I was in Denmark in 2008 doing my radio show for a week from the Danish Radio studios and interviewing many of that nation’s leading politicians, economists, energy experts, and newspaper publishers, one of my guests made a comment that dropped the scales from my eyes.1
We’d been discussing taxes on the air and the fact that Denmark has an average 52 percent income-tax rate. I asked him why people didn’t revolt at such high taxes, and he smiled and pointed out to me that the average Dane is very well paid, with a minimum wage that equals roughly $18 per hour. Moreover, what Danes get for their taxes (that we don’t) is a free college education and free health care, not to mention four weeks of paid vacation each year and notoriety as the happiest nation on earth, according to a major study done by the University of Leicester in the United Kingdom.2

But it was once we were off the air that he made the comment that I found so enlightening.
“You Americans are such suckers,” he said. “You think that the rules for taxes that apply to rich people also apply to working people, but they don’t. When working peoples’ taxes go up, their pay goes up. When their taxes go down, their pay goes down. It may take a year or two or three to all even out, but it always works this way—look at any country in Europe. And that rule on taxes is the opposite of how it works for rich people!”

-more-

http://www.truth-out.org/roll-back-reagan-tax-cuts65332?print