on economics, culture and societyPosted: 19 August 2020 inTags: , , , , , , , , ,The phrase, which was used in the early nineteenth century to describe the the spoils system of appointing government workers, accurately describes the American economy today.* And it’s pretty clear who the victor is, and it’s not the working-class.Instead, a small group at the top have come out as the victor—and that’s been true for decades now.How do we know?Well, all we have to do is look at the growing gap between the amount produced by American workers and what they received in their wages. Gross Domestic...…on economics, culture and societyPosted: 19 August 2020 inTags: , , , , , , , , ,The phrase, which was used in the early nineteenth century to describe the the spoils system of appointing government workers, accurately describes the American economy today.* And it’s pretty clear who the victor is, and it’s not the working-class.Instead, a small group at the top have come out as the victor—and that’s been true for decades now.How do we know?Well, all we have to do is look at the growing gap between the amount produced by American workers and what they received in their wages. Gross Domestic...WW…