{"id":196363,"date":"2008-05-03T09:54:00","date_gmt":"2008-05-03T14:54:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/03\/for-europes-middle-class-stagnant-wages-stunt-lifestyle-new-york-times\/"},"modified":"2008-05-03T09:54:00","modified_gmt":"2008-05-03T14:54:00","slug":"for-europes-middle-class-stagnant-wages-stunt-lifestyle-new-york-times","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/03\/for-europes-middle-class-stagnant-wages-stunt-lifestyle-new-york-times\/","title":{"rendered":"For Europe\u2019s Middle-Class, Stagnant Wages Stunt Lifestyle &#8211; New York Times"},"content":{"rendered":"<p>The New York times has an article about how <a href=\"http:\/\/www.nytimes.com\/2008\/05\/01\/business\/worldbusiness\/01middle.html?ref=business\">the European middle class is seeing its wages stagnate and the standard of living plateau or decrease<\/a>.<\/p>\n<p>They don&#8217;t bother to give a reason, but strongly imply that it&#8217;s Europe&#8217;s stultified economy, as opposed to those dynamic Anglo-Saxon ones, even though one of the examples given is in the UK.<\/p>\n<p>That&#8217;s the standard line, too much regulation causes wages to stagnate.<\/p>\n<p>But if one looks at Europe, and the US, median wages have stagnated because of deregulation.  <\/p>\n<p>Simply put, when an executive gets over a billion dollars in remuneration, this is money that does not go toward other people&#8217;s wages and benefits, and deregulation and reductions in marginal tax rates increase wage disparities.<\/p>\n<p>This is not happening because Reaganomimics has not been adopted at some level, this is happening it <span style=\"font-weight:bold;\">has<\/span> been adopted at some level.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New York times has an article about how the European middle class is seeing its wages stagnate and the standard of living plateau or decrease. They don&#8217;t bother to give a reason, but strongly imply that it&#8217;s Europe&#8217;s stultified economy, as opposed to those dynamic Anglo-Saxon ones, even though one of the examples given &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,984,1200],"tags":[],"class_list":["post-196363","post","type-post","status-publish","format-standard","hentry","category-economy","category-europe","category-inflation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196363"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=196363"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196363\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=196363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=196363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=196363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}