The jobs data and the absence of growth in real income for most of the population are inconsistent with reports of US GDP and productivity growth. Economists take for granted that the work force is paid in keeping with its productivity. A rise in productivity thus translates into a rise in real incomes of workers. Yet, we have had years of reported strong productivity growth but stagnant or declining household incomes. And somehow the GDP is rising, but not the incomes of the work force.
Something is wrong here. Either the data indicating productivity and GDP growth are wrong or Karl Marx was right that capitalism works to concentrate income in the hands of the few capitalists. A case can be made for both explanations.
full: http://www.counterpunch.org/roberts09122007.html
************** Mark Weisbrot of the CENTER FOR ECONOMIC AND POLICY RESEARCH wrote in his 2007 Labor Day message that U.S. workers, “from 1973-2006, the average wage, adjusted for inflation, grew by a grand total of one-half percent.” And this, “despite the fact that our economy and productivity have been growing the whole time.”
Mike B)
Between these two classes a struggle must go on until the workers of the world organize as a class, take possession of the means of production, abolish the wage system, and live in harmony with the Earth.
http://www.iww.org/culture/official/preamble.shtml
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