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:: Monday, April 30, 2007 ::
A Guy Named "Bob" - by Bill Fletcher, ZNet Workers' productivity has grown 18% between 2000 and 2006, yet people's real wages (factoring in inflation) have grown only 1%. 2/3 of those polled said that despite an allegedly booming economy, they do not believe that their children's generation will be better off than they are. 47 million people lack healthcare. There is a declining living standard for the working person, in part because employee benefits have been steadily shrinking. In 2005, the average CEO made 369 times as much as the average worker, whereas in 1993, it was 131 times. So, for the average working person, life is unraveling and a tremendous amount of wealth is being captured by those at the top of the wealth pyramid.
posted 6:03 AM :: reference link ::
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