Jun 14, 2010
Even while the economy has supposedly been “recovering” for almost a year, there has been almost no additional hiring. Instead, companies have been using the jobs crisis to squeeze out ever more work from the reduced number of workers. This is the result: companies increased productivity by close to six% over the last year – more than twice as fast as what the government considers the “average” rate of productivity increases.
Ever more of the wealth produced by the working class is being absorbed by an ever more parasitic capitalist class.