I’m Heather Boushey, president and CEO of the Washington Center for Equitable Growth, and author of the forthcoming book, Unbound: How Inequality Constricts Our Economy and What We Can Do About It. AMA!
Hey Heather. I love this. This is what I notice and observe as well. Inequality since birth puts citizens at a disadvantage to develop their full entrepreneurship DNA as well as political will and the enforcement of the laws against discrimination.
Lately however I notice that labor has been abused, suppressed and even undervalued and manipulated so wages do not increase with the value that it merits and deserves and it is here that the economy gets constricted from freely growing and the cycle supporting higher wages consistently.
Leaderships of corporations aggregate manipulate and even have republicans elected to suppress any sort of wage increase to the minimum wage. Productivity charts, profits charts and even CEO pay increases all contradict that there is no money etc etc.
https://www.huffpost.com/entry/lincoln-congress-speech-_b_1127058 Even Lincoln gave a speech regarding labor before capital.
The other big equation to the way we calculate GDP is adding the value of labor or talent that makes up these organizations of enterprise that increase overall in value based on the number of sales, profits, management etc but little value is given and reflected in our GDP is the growth of human talent (ideas, entrepreneurship, problem solving efficiencies) When a business is about to be sold, calculations are made to come up with a value number (price).
Labor is viewed as a cost that is why it is being suppressed from increasing. A house cost money too, it is an investment yet it is a mature market because it was well established and planned by governements and private sector to reflect our values that based on demand in a certain area price increases based on that value of demand.
My proposal is to change labor into investment that grows and that should be reflected in companies overall value and worth, this will stop people from manipulating what someone’s value is worth and it will be reflected in the earnings and spending in the economy.
I would love to keep in touch, please add me on linkedin https://www.linkedin.com/in/livewebengine/
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