Comment Re:Reason: for corporations, by corporations (Score 1) 489
It's not so much that the value of their work is being taken by their employers (though it is some of that, but that's a consequence of unequal bargaining power due to what I'm about to say), it's more that so much of what they do make it taken by people who already have enough assets that they can afford to lend them out, as a fee for the poor people to use those rich people's assets. I mean rent, including rent on money, better known as interest.
If such a huge chunk of the income people do make didn't have to go toward servicing the assets they have to borrow from the people who have enough to lend them out, the income issue wouldn't be nearly such a big problem. I make twice the median income and consume quite comfortably, and if it weren't for rent and frantically saving for a big enough down payment so I can eventually stop renting and not pay even more in interest, I could consume at my comfortable level on an income about 2/3 of minimum wage.
As a bonus, if people weren't all one paycheck away from losing everything if they can't make one month's rent on time, they could tell shitty jobs to shove it up their ass, and actually get paid more for their work as well.