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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAmerica's Wealth Gap 'Unsustainable' According To Harvard Study
http://www.huffingtonpost.com/2014/09/08/wealth-gap_n_5783550.htmlBOSTON, Sept 8 (Reuters) - The widening gap between America's wealthiest and its middle and lower classes is "unsustainable", but is unlikely to improve any time soon, according to a Harvard Business School study released on Monday.
The study, titled "An Economy Doing Half its Job", said American companies - particularly big ones - were showing some signs of recovering their competitive edge on the world stage since the financial crisis, but that workers would likely keep struggling to demand better pay and benefits....
...Harvard called on corporate leaders to help solve America's wealth gap by working to buttress the kindergarten-to-12th-grade education system, skills-training programs, and transportation infrastructure, among other things.
"Shortsighted executives may be satisfied with an American economy whose firms win in global markets without lifting U.S. living standards. But any leader with a long view understands that business has a profound stake in the prosperity of the average American," according to the report.
Unfortunately, this was planned by these same corporate leaders and is exactly what they want.
RKP5637
(67,111 posts)they are focused on the next quarter's earnings for greedy stock holders.
I think many executives might prefer to focus on the long term, but the way the system is contrived that does not happen very often.
And, many are happy with the system as it is. All of this mess IMO is per plan, to depress American workers into near serfs with extremely low wages so labor can be sourced from home thereby additionally reducing cost.
It is a lose/lose game for most American workers. And in the big picture, America is going to come out on the short end of the stick in the global marketplace. And, the quality of life in America will continue to plummet. It does not have to be this way, but sadly greed and selfishness rule, even at the loss of the quality of the country.
edhopper
(33,587 posts)has aided and abetted every step of the way.
Reagan's union busting and allowing permanent replacement of striking workers killed the Unions.
Lowering the taxes on the wealthy and corporations to the point where there is no money for things people need, like infrastructure and a true safety net, not to mention the removal of necessary regulation, all feed into the few having more and more, and taking it from the rest.
Have a desperate workforce is the goal and they are achieving it, with the willful cooperation of all the repub voters.
sprts
(29 posts)State's have also contributed to the neutering of our unions.
edhopper
(33,587 posts)and the idiots in those states by into the "bring more jobs" argument, even though it is demonstrably wrong.
unblock
(52,253 posts)and i fear it will continue to be such for quite some time.
the middle class hasn't really vanished, we just exported it.
increasingly, the things corporate america needed from the middle class, they can get from overseas.
they will come to see america as just another empty shell from which they have sucked out all the good stuff.
that's a only problem for them if they can't find the good stuff elsewhere.
xchrom
(108,903 posts)closeupready
(29,503 posts)for going on 35 or 40 years, and it hasn't slowed down at all, from what I can see. It's accelerating.
daleanime
(17,796 posts)it's accelerating, they haven't noticed the cliff ahead yet. That's why it's unsustainable, things are falling apart and that's accelerating too.
edhopper
(33,587 posts)the Car Exec's just didn't see the down side of sending a couple hundred thousand manufacturing jobs overseas.
Now their city is crumbling because there is no middle class left.
But they saved 2% per car, so ......
JDPriestly
(57,936 posts)The answer is below. Watch the conversation between Elizabeth Warren and Paul Krugman. They have ideas that could help save both America's democracy and its capitalist system.
Ignore their ideas and we will have ugly chaos.
http://www.cuny.tv/show/cunytvspecial/PR2003449
edhopper
(33,587 posts)TPTB give no sign of following people who have been right about most things the last couple of decades.
Not when there are Wall Street insiders to listen to.
marions ghost
(19,841 posts)because American executives don't invest in people, they invest in themselves.
from the article:
"Shortsighted executives may be satisfied with an American economy whose firms win in global markets without lifting U.S. living standards. But any leader with a long view understands that business has a profound stake in the prosperity of the average American," according to the report.
WillyT
(72,631 posts)Bonhomme Richard
(9,000 posts)Unfortunately there are very, very few of those left. It is all about the next quarter, the stock price, bonuses, and shareholder profits...end of story.
davidn3600
(6,342 posts)Corporate leaders and stockholders don't give a flying fuck about their workers.
The bottom line is all that matters. Most companies can't think more than 1 month out.
moondust
(19,993 posts)Feudalism lasted for what, 6 centuries? Neofeudalism could last a long time given the unlimited global supply of cheap labor and the vast communication and transportation infrastructure available to exploit it.
edhopper
(33,587 posts)and moats, they feel fine.