Oh yeah--greedy workers need to give up more!! But the main issue is to remember--BUY MORE. BUY MORE NOW. (never mind if you need an article---or can afford it ---buy it anyway. )
The issue isn't about giving up for the benefit of the rich. It's about the poor in other countries working for less than the poor in the West. That's what the workers in the West are competing against. It's no longer a rich poor argument but a poor and poorer.
When I say it is China's fault, it is the situation causing the problem. This is largely due to the currency exchange rate. Today, as china has developed, the differential has narrowed. The REAL problem is lack of balanced trade, which means that however little we pay for the goods, China are receiving western currency along a one way street. The businesses exchange the western currency at the bank, but the bank have no use fo it, meaning that it goes on to the national bank that is owned by the Chinese communist party. By means both open and devious, ALL this money is invested in its country of origin, mainly in property. Taking the UK for example. China have heavily invested in our media, hospitality industry and are funding around 50% of our thousands of new apartments. All the revenue produced flows directly back to China. I doubt that you know that Odeon cinemas are owned by the CCP. 285 buildings with an average land value of £31 million EACH. China currently own 27% of business and residential property in London, along with millions of shares in our major companies. As non voting shares this is legal, but still separated in many cases by nominee companies. There is much more, but I cannot post it on HF. This is EXACTLY what was predicted in 1903. The final part of that prediction was that by 2050, China will rule the western world