class war

Last month I read an article that first appeared in the Huffington Post titled "X Marks the Spot Where Inequality Took Root: Dig Here". It explains how real wages in the US shadowed growth in productivity in the years after World War II. But in the mid-1970s wages growth completely stalled. If wages had continued to shadow productivity growth they would now be double what they are today. This explains a lot about contemporary US society: all the gains of increased productivity have been absorbed by the rich.

There's a war going on — the class war. Funnily enough, the only time you hear politicians using that term is as an epithet, not as a descriptor for the daily life of the overwhelming majority of society. An example: Prime Minister Malcolm Turnbull accused Labor leader Bill Shorten of declaring war on business and waging a “class war” for making the modest suggestion that the rich should pay a fairer share of tax.

I guess there were some people who thought that the leopard Tony Abbott may have changed his spots after his look-we've-changed 2015 federal budget. The polls certainly suggest this. As William Bowie wrote in his http://blogs.crikey.com.au/pollbludger/2015/05/21/bludgertrack-51-6-48-4-to-labor-2/">Poll Bludger column in Crikey.com: “A flurry of post-budget opinion polls adds up to a solid increase in the Coalition’s standing, with Tony Abbott’s personal standing now rivalling his least-bad results since his short-lived post-election honeymoon.”