WORLD LEADING INSIGHTS

International LEADERS Calling Market Crashes Years Ahead
Second to None, Anywhere...

'Warned 2000 tech slide; predicted 2008 meltdown in 2007. Forecasted 2020 global economic collapse in 2011, AND NOW- BY 2050 - THE MOTHER OF ALL CRASHES"

Featured Post

#TROUBLE AHEAD AS #ICE SHELF DEVASTATED IN #ANTARCTIC

 REUTERS Thinning Antarctic ice shelf finally crumbles after heatwave By  Isla Binnie March 25 (Reuters) - An East Antarctica ice shelf disi...

Inspire, Achieve, Success

Search This Blog

SAVE ON HOT STUFF

Friday, March 29, 2019

#Globalization Destroying Working Class #Incomes


"macroeconomic management has operated on the basis that any increase in wages is a danger signal requiring a tightening of fiscal and monetary policy". 

Image result for globalization negative effect on society


Ultra low wage growth isn’t accidental. It is the intended outcome of government policies

The long debate over the causes of wage stagnation took an unexpected turn last week, when Finance Minister Matthias Cormann described (downward) flexibility in the rate of wage growth as “a deliberate design feature of our economic architecture”.
It was a position that was endorsed in a flurry of confusion 16 seconds after it had been rejected by Defence Industry Minister Linda Reynolds.

Cormann had said policies aimed at pushing wages up could cause “massive spikes in unemployment”.


LEARN MORE 

GROWING INCOME INEQUALITIES


Motivate, Inspire, Positive