Table of Contents
There is a litany of ways worker salaries have been suppressed, leading to wage stagnation. Such a thing would not occur in an ethical economy, a truly free and competitive market. Let’s look at how a rigged market vs. a free market directly affects your wages and quality of life.
Stagnant Wages, Rising Inflation
When the market is rigged, crony corporations and the elite do not provide a fair share of the GDP to the workers. This comes in the form of exploitative wages and (undesired) overtime, as well as products priced exorbitantly high.
According to ShadowStats, the government often incorrectly reports the degree of inflation. In recent times, the government has reported 2% inflation, but true non-rigged inflation is 7% year over year. The website claims, “Methodological shifts in government reporting have depressed reported inflation, moving the concept of the CPI away from being a measure of the cost of living needed to maintain a constant standard of living.”
Citizens will experience the inflation in rent increases, housing price increases, healthcare increases, university cost increases, food increases, and so on. This is a result of the following actions:
- Money printing;
- Government lying about inflation (rigging CPI calculations by including wrong items);
- Other rigged behavior in macroeconomics and worker relations
Artificial inflation essentially is a pay demotion every year for workers. Workers lose portions of their salaries without even realizing it. Particularly for those in the lowest 60% of income earned, salaries in the past twenty years have been locked. Citizens suffer from the one-two knockout combination: wage stagnation, and inflation increases.
The economy has been rigged on purpose. Crony corporations are making citizens work far more for less and less every year. On an inflation adjusted basis, rises in inflation equates to yearly decreases in salary.
Ethical Working Conditions, Controlled inflation
During the 19th century, the economy experienced periods of deflation Daniel Kaufmann, Assistant Professor of Applied Macroeconomics at the University of Neuchâtel, published a research paper investigating deflation.
“Existing empirical studies often include pre-WWII data because the monetary regimes of the 19th and early 20th century brought about regular deflationary episodes…Deflation was a necessary consequence of the metal-currency regimes that ensured long-term price-level stability instead of focusing on short-term stabilization policies…During the 19th century US, the consumer price level declined nearly half of the time and the average annual deflation amounted to -4.7%. Therefore, deflation was not only frequent but also substantial.”
As Dr. Kaufmann claims, the gold standard, or ‘metal-currency regimes,’ “promoted long-term price-level stability.” New money, in this system, did not need to be printed. There was even a period where we did not have any national debt (circa mid-1830s).
From The Atlantic
By the end of the 1800s, the young adults just a year out of graduating school were making 200% of what they would have had they been working at the beginning of the century. Inflation went down 7%. Capitalism must stop wage stagnation by freely allowing salaries to grow in lockstep with GDP, as well as maintain inflation at a low/moderate level for it to work for the citizens. Creating that degree of stability is strategically critical for workers. That’s how everyone gets to enjoy a better quality of life. Capitalism naturally gives workers their fair share of GDP and GDP growth, as long as inflation doesn’t rig the economy for economic elites.
In an ethical market, citizens work normal hours to earn money, which in turn allows them to comfortably live (if they use their money responsibly). They don’t have any obligation to work after hours or on the weekend unless they want to. Either way, they receive the growing GDP gains and they aren’t ripped off due to inflated prices across products. You get to enjoy the fruits of your labor, as theorized by the Kuznets curve, in other words.
Right now, we are in a world where rent, property, university, and medical bills are aggressively increasing in price due to rigged economy inflation. All while wage stagnation persists.
The ZeroTheft Movement does not have any interest in partisan politics/competition or attacking/defending one side. We seek to eradicate theft from the U.S economy. In other words, how the wealthy and powerful rig the system to steal money from us, the everyday citizen. We need to collectively fight against crony capitalism in order for us to all profit from an ethical economy.
Terms like ‘steal,’ ‘theft,’ and ‘crime’ will frequently appear throughout the book. ZeroTheft will NOT adhere strictly to the legal definitions of these terms (since congress sells out). We have broadly and openly defined terms like ‘steal’ and ‘theft’ to refer to the rigged economy and other debated unethical acts that can cause citizens to lose out on money they deserve to keep.