Oct 10, 2007

To Have or Have-Not

Washington Post op-ed columnist Harold Meyerson recently took a look at what's going on with the economy, and here's what he found:
Median family income over the past quarter-century has stagnated. The economic rewards from increased productivity, which went to working-class as well as wealthy Americans from the 1940s to the '70s, now go exclusively to the rich. The manufacturing jobs that anchored our prosperity were offshored, automated or deunionized; lower-paying service-sector jobs took their place.
In his article, Meyerson goes on to talk about how the country has become divided into the "haves" and the "have-nots". What kind of moral values allow our country to be split into two nations, one of riches and one of poverty? We've seen this transition: stagnant wages, skyrocketing health care costs, and disappearing retirement savings are putting a squeeze on America's middle class.

Despite record corporate profits, working people are not sharing in the nation's prosperity. The wealthy are rewarded with tax cut after tax cut while working families are left to fend for themselves - and, according to a recent survey conducted for Change to Win, America's workers know it.

How can we turn this country around so that everyone can have a fair piece of the pie?

Read the full Washington Post article here.

4 comments:

Amber said...

That's why unions are still important. It's one of the only ways working people can have the same kind of power that the billionaire CEOs have. After all, there are only a handful of billionaire CEOs--and millions and millions of working Americans.

Jeff said...

And if it wasnt for unions all these billionarie CEO"s would be able to fire anyone for any reason.I heard a story of how a replacement workers was let go because management could not payroll .This happened the Southern Cal grocery strike in 2003 !

vernice said...

Amber and Jeff are absolutely right! I am not an activist or what but I certainly agree that UNIONS are still important! Especially in our company Oh I really my boss and management! If only I can live now and resigned I will do it!

Vernice

My blog : Perdre des cuisses 

April said...

How unfair life is right? Average persons give all their guts everyday to work and earn enough money for their needs, and these billionaire CEO's just wandering around the world, living comfortable life, vacation here, vacation there, and their salary is a 100x more that the employees who works very hard. When will be the time that all people will be able to get an equal share from the pie?

"April" for basket enfant