This--->It used to be that when the U.S. economy grew, workers up and down the economic ladder saw their incomes increase, too. But over the past 25 years, the economy has grown 83 percent, after adjusting for inflation — and the typical family’s income hasn’t budged. In that time, corporate profits doubled as a share of the economy. Workers today produce nearly twice as many goods and services per hour on the job as they did in 1989, but as a group, they get less of the nation’s economic pie. In 81 percent of America’s counties, the median income is lower today than it was 15 years ago. The problem is not the American worker, they are working as much or more than before and producing twice as much. The problem is the elite are taking a bigger cut and have successfully destroyed labor unions which helped workers maintain their fair share.
Posted on: Thu, 01 Jan 2015 19:53:46 +0000
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