Wednesday, May 2, 2012

Last Call

Your Chart Of The Day comes from TPM, showing the percentage change in hourly compensation and hourly productivity since 1948:


Any questions as to what anti-union and anti-labor policies have done for the American worker since 1970 or so? Wages have stagnated for 40 years now. If the minimum wage had kept pace with productivity, Americans would be making 17 bucks an hour or so at the floor. Instead, those massive productivity gains have been going straight to the CEOs and shareholders. No wonder our economy crashed. Now these same people say Americans need to pay more to support tax cuts for the people at the top. Unreal greed on a staggering scale, folks.

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