Underpaid Workers, Bloated Corporation: Two Pieces in the Puzzle of U.S. Economic Decline

Underpaid Workers, Bloated Corporation: Two Pieces in the Puzzle of U.S. Economic Decline

There are two tendencies in the American economy that many have noticed as isolated phenomena but that few connect with each other. The first is the enduring decline of most U.S. workers’ real wages. The second is the top-heavy, bloated scale of U.S. corporate bureaucracies. These two tendencies are neither accidental nor coincidental but structurally linked and mutually interdependent. They go together like horse and carriage; in the U.S. context, it appears that you can’t have o...