Social Unrest - Where is the battle going?
This editoral piece by Michael Hudson was interesting to me. Also read this piece on increasing inequity, basically half of all growth has gone to the top 10% of households and about half of that has gone to the top 1%.
My take on what has happened here is that unions have not increased their income share, but maintained it relative to non-union workers and non-union workers have taken all of the hit and the way the public is reacting is that the unions are the bad guys for their wages getting out of line. But if you actually look at the buying power, I think even union jobs have lost some, just not much in comparison to non-union workers whereas all evidence is that many non-union workers have been hit so hard with relative wage loss and buying power, you have the massive increase in need for social programs. It is the modern version of serfdom.
Anyway, these were interesting reading for me.