Class War in America: the Book |
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Traditional
Conservatism: To
Keep Wages Low, Quietly Manipulate the
Prime Conservatives
pay more attention to the status of working-class wages than to any other
economic variable. They know that wage increases reduce profits and, as a
result, slow down the accumulation of wealth by corporate executives,
business owners and investors. Therefore,
whenever workers become scarcer and start making more money, conservatives
demand that their political representatives in Washington do something to
stop the “free” market from working as it is supposed to. Their favorite
strategy prior to 1996 was to keep the unemployment rate at least 6% or
above. So,
as prudence would dictate, whenever it looked like wages might be about to go up, conservatives have
traditionally |