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Technology driven productivity pressures workers to toil longer for less pay and fewer benefits. Marx was right. He called capitalism anarchic and ungovernable.
Force-fed neoliberalism created today's monster. Americans feel it acutely. Class warfare isn't new. Today it rages. It pits private wealth against populist interests.
Corporate giants and America's super-rich wage war against working Americans. They're winning. Notably since the 1970s, "(b)usiness and its allies shifted most of its federal tax burden onto individuals."
At the same time, benefits are eroding as inflation adjusted incomes decline. Low income and poor Americans suffer most. Increasingly they're getting disproportionately less. Institutionalized inequality victimizes them.
Until the mid-1970s, younger generations outdid older ones financially. Wages rose in real terms. They no longer keep up with inflation.
High-paying jobs disappeared. They shifted offshore. Low-paying/poor benefit ones replaced them. Many are temp or part-time.
Technology driven productivity pressures workers inordinately. They push harder and longer for less.
Reuters focused on conditions in Indiana, Massachusetts and the District of Columbia. They reflect what's happening across America.
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