by Gaius Publius on 8/01/2010 07:56:00 PM
I've been writing about this for a while (for example, here and here and here), as have a great many others.
Profits are up on the backs of workers, who desperately need their share of whatever wealth the country is producing. Because, frankly, if workers can't buy — if demand doesn't increase — there's no way out. Deflation, here we come.
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