A friend is often praising Marxist economist Richard Wolff. My impressions are mixed. However I can't argue much with this essay I only fault his citing 1945 as the beginning of the downward decline of wages (it was the beginning of negative policy changes, but the actual decline in relative wages began in 1970, elsewhere 1945-1970 is considered a golden age of increasing prosperity and equality, and his solution of co-ops as being the one and only answer in the final paragraph. Otherwise it is great, and I like his terms "employee class" and "employer class" as getting around much semantic baggage and frequent misconstruction of other words like "middle class" and "working class" (which he uses correctly in this essay).
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