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In the 1980s, the federal government weakened the position of trade unions. … The productivity of the American workforce grew…at about 2% a year, but the wages of traditional workers increased more slowly, if at all. Over the same period, the pay of executives increased, sometimes drastically.
—Timothy Snyder, The Road To Unfreedom
#usa #capitalism #oligarchy
#capitalism #usa #oligarchy
janhoglund
At the same time, the United States was very weak on the basic policies that stabilized middle classes elsewhere: retirement pensions, public education, public transport, health care, paid vacation, and parental leave.
—Timothy Snyder, The Road To Unfreedom
#usa #capitalism #oligarchy
#capitalism #usa #oligarchy
janhoglund
Whereas workers paid an increasing tax burden through payroll taxes, corporations and wealthy families saw theirs drop by half or more. Even as the percentage of income and wealth at the top of the American distribution increased, the percentage of tax expected from the most fortunate decreased.
—Timothy Snyder, The Road To Unfreedom
#usa #capitalism #oligarchy #tax
#capitalism #tax #usa #oligarchy
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