1955: Work hard, get a raise, buy stuff. 2015: Work hard, get paid s..t, get fired.

Professor Wolff way of explaining capitalism so unique, 50 years from now his posters will be all over the place

Debt slavery. It's the American way.

It's truly wonderful how Prof. Wolff treats the employers' channeling of the profits gained from workers into loans (rather than wage increases) as an ironic joke! I laughed out loud before feeling the pain.

This blows my mind. Aside from the CEO and executive bonuses that we all know, the money that could have been used to raise the wages of workers whose productivity is increasing, is being used instead to lend to the working class who created that wealth from the get go... Every American needs to see this.

This Richard D. Wolff guy is kicking some serious knowledge! Thanks for the upload.

The typical U.S. job has four invariable characteristics: 1) slave wages, 2) nasty supervisors, 3) inevitable termination months, weeks, days or even hours into the job, and 4) the money earned by the employees goes straight to the business' CEO, board of directors and principal stockholders who brazenly declare "The money is ours!"

We'll get our vengeance one day.

Professor Wolff tells the brutal truth and does not repeat the accepted propaganda. It's refreshing and at the same time uncomfortable!

TRICKLE DOWN ECONOMICS HAS BEEN A THREE DECADE GOP HOAX

Why don't videos like this go viral?...Shame, yeh, it was us. Look at the camera shots of the audience. This isn't enjoyable is it? It's even harder to stand up for yourself on Monday and stop this shit isn't it?

All this wage stagnation, credit card, mortgage loan, and student loan horror that started in the 1970's and 1980's was followed by a new horror in the 1990's and 2000's which was the perfection of the internet which resulted in scores of millions of jobs getting outsourced. And now we have the ultimate horror - the arrival of quantum computers, H205 water computers and robots which is causing the outsourcing and automation of 160 million U.S. jobs for the period 1964-2064.

When you have children, mortgage, credit card debt, car loans, you are stuck and have to take it. Whether it's you working two jobs or telling your wife to drop the kids off at daycare so she can go to work. It suddenly doesn't sound that bad knowing that everybody around you is in a similar situation.

I just shared this on Bidens social media post about women going back to work, with a brief explanation on what it is and who Wolff is and why it is pertinent

What do employers do? They take the money you earned for them, pay 5% of it for overhead, pay 5% to you in wages, and, then, THEY GIVE THE REST of IT TO THEMSELVES. - Richard Wolff

Federal min wage has always been poverty wage slave wages equals legalized slavery

the system is total and complete BS. i am looking for another job now, i am extremely unhappy with my job. the somewhat good thing about it is the pay everything else is terrible. looking for jobs has been extremely disappointing with many jobs paying $10 or $12 per hour, way to many jobs paying that. little to no manufacturing jobs left either, mostly a bunch of BS service jobs. how is that the average pay 10-15 years ago was $10 per hour and today is seems to be about the same. the cost of living sure isnt that cheap anymore. taxes are high, food is high, daycare is outrageous, the price of a newer car is out of sight. we drive 15-20 year old cars, i really dont care about that i know how to maintain them but point being i couldnt afford a newer car if i wanted one. back in the 1950's the man could work, the wife would stay home with the kids, the kids would go to college, they had a house and ate well all on one income. now you can barely get by on one income........ why did i have to be in my 30's now how come i wasnt born in the 1950's things were so much better, this country was better and the opportunities were abundant. if you felt your employer was an abusive POS then you could easily drop their ass and be working somewhere else tomorrow.

Oh, no. This is not the limit of debt. Next will be inter-generational debt. Governments are doing it already. Next will be a privatized version.

So, it is not a question of IF, but a question of HOW.

China did all this in just 20 years, that it took our country 40 years to do. Spooky. And its all falling apart. And guess who gets stuck with the bag? Labor. We do. Congrats to us.

Woa...where's the rest? Part 2?

Where was this ? Or where can I get the full video?

And now we have the next profit wave, subscription services. On everything.

True True

Bribing half the working class to destroy the other half is FASCISM !

Don't forget how now BOTH adults in a fmly on average have to work now unlike prior decades and STILL MOST barely keep afloat. See the swindle yet?? And that's not even mentioning how it effects other countries for a few countries to live at their expense. It's almost as if a few psychopaths uninterested in the long term future concocted this economic design. Billions starving is a variable by God, not an externality to be ommited. We could turn this world into a healthy thriving Oasis with ephemeralization and optimal use of technology. The meritable consequences of cleaner energy use and savings of resources could be so beneficial!

unregulated capitalism is almost as bad as unregulated communism.

small business are middle class , the government screwed them

Look at that green line going up, up, up. Even during the Great Depression, 1930 thru 1940, the green line goes up. Now you know that ain't right!

Do the moral n have thing n take it back n fix poverty and nature

How should we make our money?

Wages leveled out in the 70's because that is when globalization began, but that leveling out was offset by the decline of the costs of virtually all manufactured goods, which allowed Americans' standard of living to continue to rise even without wage increases.

Who profit the most off new car sales in usa fk Government

a lot of symptoms I can hear about the problem that US not have a real democracy system, like the one Switzerland have….then individuals could protect them self from all this and not even had to go to any war other places….

Is this Bernie Sanders brother?

I don't think it's simply the business community that is screwing Americans per se. But aside from the title, this is really good.

The real problem is that Americans are not prepairing themselves to transition to a new career should they face replacement by automation. Nearly 70% of Americans do not have a college degree. The mean incomes by educational level. Less than high school $25,636 per year. With a high school diploma $35,256 per year. Some college and no degree $38,376 per year. With an associate’s degree $41,496 per year. With a bachelor’s degree $59,124 per year. With a professional degree $89,960 per year. So you see there is a simple solution. Have A Plan If You Plan To Have.

Unregulated open border policies have lead to wage stagnation in the US. We have way too many American workers out of work (I think 94 million is the most recent number, so 1/3rd of our population) and vast amounts of legal and illegal immigrants driving down the competitive wage. Then what do politicians do? They raise the minimum wage, which puts even more people into the unemployed group and further drives down the natural market wage. The natural market wage is far lower than many state's minimum wage. We literally would have to stop immigration legal/illegal for several decades and get those 94 million Americans back to work in order to see the natural wage rise up.

The VALUE of a workers labor stagnated. Why should the wages of a dishwasher just keep going up and up? No reason. The value of having someone wash dishes didnt go up. There are too many people willing to wash dishes. Basic supply and demand.

This is the funniest commie ever 1:54

what he is saying is true.

Who causes inflation to rise , the government not the business

The cost of living in European countries is 'dramatically higher' than it is in the U.S. For example, a 20 oz. beverage in France or Netherlands can cost 5 Euros. In some European countries gasoline costs more than 3 Euros per 'liter!' That's absurd. You also have to 'pay' to use public restrooms in Europe. People in Europe pay more for virtually everything, and they 'get less' for what they pay for. So don't tell me how much 'better' the living conditions are in Europe.

Big Government the problem , the too greedy

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