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by nerdponx
2905 days ago
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This is true for middle-class and upper-middle class workers. But there has always been an underclass of people who barely make enough to survive, lack the market power to negotiate for better wages, lack the ability to acquire new skills in order to get different jobs, and/or are stuck with their current employers for lack of other opportunities. This population is also susceptible to overtime abuse and wage theft. As for the middle and upper middle class, taking home more of your income is only part of the story. I don't have statistics on this, but I am sure that much of that take-home pay is offset by higher medical costs and the need for more retirement savings. Not to mention the fact that the American work week is longer and vacation days are rarer. |
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This is not true. Those same workers get most or all of their insurance costs covered by the company. Same goes for retirement with 401k plans, etc.
> Not to mention the fact that the American work week is longer and vacation days are rarer.
This is true.