February 25, 2013

40% Of Us Make Less Than 1968 Min Wage -- Who Got The Rest?

40% Of Us Make Less Than 1968 Min Wage -- Who Got The Rest?
"This means the gains went ... somewhere else. See if you can guess who got them? (Hint: it's the 1%; this is one driver of the terrible income and wealth inequality.) This breakoff of wages from productivity growth is partly (largely?) the result of trade agreements that pit Americans against exploited workers in non-democracies. This weakened the bargaining power of unions, moved factories and industries out of the country, devastated entire regions of our country -- and gave the giant multinational corporations, Wall Street and the billionaires the leverage they needed"