he Bull Market For Stocks Distracts From The Bear Market For Workers

[xchrom]

http://www.businessinsider.com/why-theres-a-bull-market-for-stocks-and-bear-market-for-workers-2013-3

Wednesday the Dow Jones Industrial Average rose above 14,270 – completely erasing its 54 percent loss between 2007 and 2009.

The stock market is basically back to where it was in 2000, while corporate earnings have doubled since then.

Yet the real median wage is now 8 percent below what it was in 2000, and unemployment remains sky-high.

Why is the stock market doing so well, while most Americans are doing so poorly? Four reasons:

First, productivity gains. Corporations have been investing in technology rather than their workers. They get tax credits and deductions for such investments; they get no such tax benefits for improving the skills of their employees. As a result, corporations can now do more with fewer people on their payrolls. That means higher profits.


Read more: http://robertreich.org/post/44639598939#ixzz2MlWquaxN

[RKP5637]

1. K&R !!! K&R !!! K&R !!! K&R !!! K&R !!! n/t

[reteachinwi]

2. Restore the NLRB

The NLRA has been “stolen,” argues Charles Morris, by a “failure to effectively enforce the Act’s protective provisions with tools presently available under existing law, a failure that has been mostly, though not entirely, the product of…dissemination of revisionist policy and the flawed appointment-process that executed that policy.” See Charles Morris, “Restoring the Policy and Meaning of the National Labor Relations Act,”

http://www.lawcha.org/wordpress/2013/02/26/time-to-stop-beating-our-heads-against-the-politics-of-labor-law-reform/

[cbdo2007]

3. not necessarily, many companies like Home Depot have a stock going up and up

and have pledged to hire like 100,000 workers this spring/summer.

[Earth_First]

5. "like" 100,000 workers?

It's 80,000 temporary, seasonal, part-time jobs with no benefits...

[cbdo2007]

6. So you think it's better that they don't?

The reports I read a month ago said 80,000-100,000 workers. Not sure how that's a bad thing. It specifically addresses the OP and the problem the OP is trying to portray.

[marmar]

4. k/r