WAGES NOT GROWING - WHY?
First, with all the legal hassle of having an employee, who in their right mind would want to hire a human being to begin with? The liberal left and government do-gooders have layered so many so called "protections" for the worker that they lost track of who decides to hire people...the business and the business owner. If you're going to make life miserable for the business owner, then he will look to robotics, automation, AI, or subcontractors to do the majority of the work for the Company and hire as few people as possible. Ask any employer what the biggest hassle in his life is, and he will likely say "people".
Now we have this generation of workers coming into the workforce that have this entitlement mentality, and they don't understand that in this economy, they are lucky to have a job - particularly when you take into account the technological disruption taking place in the marketplace on a daily basis.
A good example of what is happening is how Amazon first disrupted the book selling business at the retail level, then has expanded to where it has now disrupted virtually ALL retailers, and now with its acquisition of Whole Foods, it may disrupt the entire grocery channel. Gymboree just closed, a clothing retailer. Radio shack is done. Macy's and Sears are struggling. Amazon is killing them and others. Your paycheck is not getting fatter because companies like Amazon are helping keep wages down, according to a widely-followed analyst at Bank of America Merrill Lynch.
"Robotics, automation, artificial intelligence, [and] the daily disruption of technology are all killing wage expectations," strategist Michael Hartnett said in a note Wednesday. "Corporations continue to emphasize cost-cutting over risk-taking and wide swathes of the labor market see that their ability to maintain wages & incomes are under enormous threat from technology."
The liberal left has created an entitled snowflake generation of workers and an oppressive regulatory structure surrounding workers and workers rights. This combination depresses all corporations from hiring more people and instead makes the elimination of human workers the goal. This is what you get with "progressives". Slow to no growth economy, and a horrible environment for workers...zero to no wage growth and an anemic job environment. Most of the jobs being created in this environment are low wage part time "fast food" jobs. Obama wants to take credit for a great recovery - that is total BS. It was the slowest recovery in history and it happened DESPITE Obama, not because of him.
Congratulations progressive liberal communist/socialists. You've really made a mess of the USA economy. Now we can only hope that the Republicans can overcome stupidity from guys like McCain and Ryan and actually get to a tax cut. God knows they're never going to be able to get there if they keep talking about health care. As we've said before, they should let ObamaCare explode and become a massive crisis since they don't own it, and they should pivot immediately to tax reform because they CAN own that.
STAY VIGILANT AMERICA!!!