Short lesson in Economics for Socilaists

[I AM NOT THAT GUY 5,715]

A company could pay more in wages, but why would they?

Employers are not the heartless creatures you make them out to be. Experienced employees don't just give their loyalty to anybody. You try to keep the good ones.

[Mr. Big Dog 10,747]

Wages may be falling, but labor costs are increasing. Cut labor costs, and wages could be increasing.

Bull. Labor costs are not increasing. Total compensation accounts for just over 60% of national income - a share not seen this low in almost 5 decades. That's right - you'd have to go back to years prior to 1965 to see total compensation take a smaller share from the national income.

[rika60607 215]

These days experienced employees give their loyalty to anybody in hopes that it would be returned. Fools. There is a lot of mobility, people no longer work 10+ years for the same company, and it is not because they do not want to. It is just so much better for companies to hire someone young (or just new) to do the same job for 2/3 the salary.

Problem is, productivity increased so much, that populace is only needed as consumers, not as workers.

Employers are not the heartless creatures you make them out to be. Experienced employees don't just give their loyalty to anybody. You try to keep the good ones.