Overworked And Underpaid

This year is turning out to be a landmark of wealth inequality. During the first three months of 2013, CEOs and banksters raked in record profits, while workers were hit with the largest drop in wages ever. While the U.S. banking industry broke records with profits of over $40 billion dollars, workers saw their wages decline 3.8 percent, despite an increase in worker productivity. That is the largest drop on record, in the 65-year history of that statistic. Thirty-two years of Reaganomics have brought us to this point, where the rich only get richer, and the working-poor work even harder and longer for less. Record profits and bloated CEO pay clearly show that companies can afford better pay for their employees, but greed is getting in the way. Every year, the wealth gap between the top one percent and the everyday worker grows wider. People around our nation are waking up to this disparity, and we're seeing more strikes and actions by low-wage workers. Day by day, more Americans are demanding living wages, and fighting to end this outrageous wealth inequality.