Excellent post (McDonlads).

I will call it the effect of ever increasing cost of labor with no accompanied increase in revenue to offset the costs.

This is the very reason that millions of USA jobs have been outsourced to lower "labor" cost countries of the world.

Many unions over the years seceded in getting their members more and more money. Finally pricing their labor out of the market or affordability or both.

Now special interests and minority's groups are doing the very same with, of all things, minimum wage jobs.

This is no surprise. And like the union executives who still have their high paying positions, so shall the special interest groups and politicians.

There is NO mystery to the elements of an income statement and the results it drives.

Unless you are a politician or special interest leader or just a uninformed follower!