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Wages in the untied states have stagnated since the nineteen seventies, while corporate profits have grown exponentially and the cost of living has only climbed.
No, hostess went bankrupt because of vulture style capitalism. While the company lost money and the workers gave up more and more benefits the management gave themselves lavish wages to fuck up the company.
Unions are the reason people lost their jobs? What kind of topsy turvy world do you live in?
Had the Unions let the CEO of Hostess to let people go, Hostess would still be in busness.
If the economy is bad, why should a CEO make several thousand times what a factory worker does. Because as far as I'm concerned, no corporate suit is several thousand times smarter, prettier or more hard working than his lowest employee.
Corporations aren't evil, they're just amoral and have no concerns beyond making a buck regardless of the cost or sustainability of it.