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March 01, 2011


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these statistics point to this 'downturn' is being used by the transnationals to fundamentally restructure their operations and push down wages (by firing higher earners and, when they do hire, do so at a much lower rate). this is systemic, not temporary. they (the top 1%) see this as a golden, once-in-a-lifetime opportunity to radically remodel their business model in order to make their already oversized salaries larger, and permanent.

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