The average American family today earns a little less, in the number of dollars (nominal dollars) than the average American family did in 1989. That means there has been no GDP growth for the average American in the last 24 years, almost a quarter of a century. But in real dollars (adjusted for inflation), the average American family (or individual) earns about 1/3rd less than in 1989. So, to earn what you did in 1989 the family or individual has to work about 1/3 more hours. 40 hours plus 1/3 is 53.2 hours. From this point of view it's the economy that's doing it to you, not the company you work for.
Originally Posted by lindacat
From your company's point of view the same thing is happening to them. You said your previous management was replaced. In order to do that your company must have a board of directors unrelated to the owners, which means your company is probably a large corporation. Your previous management was probably replaced because they were not maintaining or increasing the company's profit level in real dollars and in hope that a new management team would do better. This is assuming that you work for a private (non-government funded) company.
If you worked for a government funded company, such as a University, you'd probably not be working longer hours, but you'd still be earning less nominal dollars and 1/3 less in real dollars.
TheyCallMeLazarus wrote in the fear thread:
"I can trade my own currency where I live, and barter can be used to get just about anything. (I didn't pay for much of my own construction materials for my home, as an example. I agreed to supply him use of my land, logging rights, and free medical care to his extended family)."
She's the only person here so far that has mentioned taking any action. Barter(trade) for equivalent real commodities (including labor) today is one of the few ways to maintain your standard of living or real income level.
The dollar is depreciating much faster than the economy as a whole can adjust to at any given time. Therefore, when you accept dollars in return for your labor or work you always loose.
Last edited by Cryptocode; 09-17-2013 at 01:16 PM.
"When the search for truth is confused with political advocacy, the pursuit of knowledge is reduced to the quest for power." - Alston Chase