Let's honor Labor Day by reviewing what's happened to wage-earners in the eight years since central banks "saved the financial system" with free money for financiers: wage-earners have taken a beating and been dumped in a ditch. It's really very simple: wage-earners have seen their real earnings (as measured by purchasing power) stagnate or decline
Labor Day Summary: Wage Earners Have Taken A Beating
Wage-earners have seen their real earnings stagnate or decline while those chosen few with access to near-zero interest borrowed capital have seen their net income and wealth explode higher
