Some facts you can look up for yourselves. Between 1929 and 1973, U.S. incomes didn’t become less equal, they became MORE equal, paralleling the formation of and rise of unions to power. From 1980 to 2005, more than 80 percent of total increase in Americans’ income went to the top 1 percent. The top 1% of Americans saw their real income rise 700% between 1980 and 2007. Now, 10% own 80% of the nation’s property. In Japan, the average CEO’s salary is 11 times greater than the average workers salary. In the United States,the average CEO’s salary is 475 times greater than the average workers salary. All the later coinciding with the disappearance of and/or loss of union power.
Hmmm, very interesting.
February 18, 2011 at 2:38 pm
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