[lbo-talk] Are Corporations Really Hogging Workers’ Wages? by Andrew Kliman

[michael yates]

The argument that workers are doing just fine is necessary for those who promote the dogma of the tendency of the rate of profit to fall. The data contradict this, to put it mildly. So, proponents have to go through all sorts of statistical gymnastics to fit the data to the theory. It is a sad commentary on the capacity of humans to believe what they want to believe.