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Friday, June 14, 2013

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.

4 comments:

Anonymous said...

It's even down here locally.

No raises, no promotions, no bonuses....

And the boss/owner sends his kid to a prestigious college AND goes on a cruise!

Anonymous said...

story of my life!!! I work hard so the freeloaders have a place to stay, have food, and a cell phone and insurance but I work and don't have any of those...

Anonymous said...

It's always been like that.There has always been a disparity between the wealthy and the rest of us because the system is designed as such.An economic catastrophe would occur if everyone had the same amount of wealth.Not one person reading this (I assume) knows what it means to give yourself a raise.That's what I thought.It's always the SOB employer that gets rich on your back.For just once in your life rise above all of that crap and do something for yourself.

Anonymous said...

Many had to work their way up to get to those CEO positions fairly. Anyone can get an education and do the same if they want to. You may have to work hard to get it. The opportunity is there for all. Look at foreigners who come here to become citizens and for the chance to make something of themselves and provide more for their families than what they had before. If they can do it, any able body American can do it. It just takes time, hard work and persistence.