. . . most middle-class workers aren't even aware that they're being ripped off. But I know. And a lot of other business owners know. We just don't talk about it. You see, we capitalists will never actually ask you to work overtime. I don't even track your hours. I just make it clear that I trust you to get your job done in the time allotted. And then I hand you twice as much work as you can reasonably do in a 40-hour week. But this downward pressure on wages doesn't end there.
Interesting article on wages from a frequent contributor to Politico. The thrust of the article, is toward hourly, rather than professional workers, but it provides a good explanation of wage stagnation in general. It also goes a long way toward explaining why the velocity of money (M2) is at a historic low.
