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bpuharic

On Fri, 01 Oct 2010 15:00:57 -0400, wrote:

The question is what caused them to decline. You can blame it on
management but managers answer to stock holders, not unions.
In the late 80s and beyond we rated the economy based on how the stock
market was doing, not how the workers were doing. We still rate the
economy on how the major stock indexes are doing.
Bob dances around it but that was particularly true during the Clinton
administration. The decline of his middle class went into high gear
during that time.

wrong. the decline of the middle class has been happening for decades.
the 'great divergence' of middle class/wealthy salaries has been going
on for quite some time

That was when major corporations started shedding
their senior employees in massive downsizing actions, just to pump up
stock prices. That was where his "prosperity" came from.

and they started paying their CEO's astronomical salaries...one of the
major factors in the wage split