8 Matching Annotations
  1. Feb 2021
    1. There’s so much money that goes to the creditors to the top 1 percent or 5 percent that there is no money for capital investment, there is no money for growth. And, since 1980 as you know, real wages in America have been stable. All the growth has been in property owners and predators and the FIRE sector, the rest of the economy is in stagnation.
  2. Oct 2020
  3. Jun 2020
    1. Zoom, a Silicon Valley-based company, appears to own three companies in China through which at least 700 employees are paid to develop Zoom’s software. This arrangement is ostensibly an effort at labor arbitrage: Zoom can avoid paying US wages while selling to US customers, thus increasing their profit margin. However, this arrangement may make Zoom responsive to pressure from Chinese authorities.
  4. Jul 2019
  5. Nov 2015
    1. National estimates for this occupation: Mean hourly wage: $14.48 Mean Annual wage: $30,130