In 1974 the steady rise of American workers wages that had been underway since the end of WWII. Twenty five years of prosperity suddenly came to a screeching hault. No one realized it then, but that was just the beginning of a 40 year slump that sadly is still underway. Globalization, the decline of unions, consolidation leading to an age of monopolies we have not seen since 1929 have contributed to this Middle Class decline. At the same time the fortunes of the 15 have taken a sharply different upward turn. Are the forces of Globalization inevitably going to raise the incomes of the few and depress the incomes of the many?
We need a new vibrant Union Movement, before it's too late.
This is so appropriate - I had just been thinking (a few minutes before this popped up on my Facebook page) of the show Shark Tank (I HATE it) where "the sharks" try to get the inventors to send everything to China for the manufacturing JUST so they can line their already overfilled pockets!
ReplyDeleteI looked at the Shark tank show once and had the same reaction.
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