Every American needs to see this!
Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
Bill Moyers has seen the rich getting richer since the 1950s, and he’s sick and tired of it.
Bill Moyers gives his take on what has happened to our democracy, using the now famous leaked Citigroup document entitled “Revisiting Plutonomy”. These are the words that so disturbed Moyers:
“Asset booms, a rising profit share and favorable treatment by market-friendly governments have allowed the rich to prosper… [and] take an increasing share of income and wealth over the last 20 years.”
“…the top 10%, particularly the top 1% of the United States – the plutonomists in our parlance – have benefited disproportionately from the recent productivity surged in the US… [and] from globalization and the productivity boom, at the relative expense of labor.”
“… [and they] are likely to get even wealthier in the coming years. Because the dynamics of plutonomy are still intact.”
Disturbing indeed. See Bill Moyers comments at:
Why America — Where Only The Rich Get Richer — Is Not A Democracy.
Even though the author of this article claims to have “always hated labor unions”…
…we’ve now developed a bigger problem in this country.
Namely, we’ve developed inequality so extreme that it is worse than any time since the late 1920s (just before the Great Depression).
Leaving aside fairness, what this inequality does is hurt the main purchasing-power engine of the US economy–the strong middle class.
(Although the 1% likes to think of itself as investing the capital and “creating the jobs” that employ the rest of the country, this is a consensual hallucination. Jobs in this economy only exist because there are customers who can afford to buy the products. And customers can’t buy products if they don’t have any money. See: Finally, A Rich American Destroys The Fiction The Rich People Create Jobs)
So, for the sake of the economy, we have to fix this inequality problem.
more at Well, It May Be Time To Face The Fact That We Need Labor Unions… – Business Insider.
Workers need to fight for better rights before corporations destroy the American Dream:
Research shows that the purgatory of job insecurity may be even worse for you than unemployment. And it’s turning the American Dream into a sleepwalking nightmare. From young temporary workers to middle-aged career veterans, Americans are being pushed to their physical and psychological limits in what has the makings of a major national public health crisis.
via Job Insecurity: It’s the Disease of the 21st Century – And It’s Killing Us | | AlterNet.
What’s wrong with picture…
Just because workers have stopped taking time off of work doesn’t mean that their bosses can’t have a bit of fun.
Of American executives surveyed in a new survey conducted by Robert Half Management Resources, 51 percent said they do not check in with the office while on vacation. That’s up from 26 percent in 2010 and 21 percent in 2005. (h/t Chicago Tribune) This comes just after a separate and now seemingly more awkward survey found that 37 percent of managers expected their employees to check in with work while on vacation.
Of course, American workers are doing what they can to make sure this isn’t an issue at all. Roughly three-fifths of American workers left some vacation days unused last year, a Harris Interactive survey found. According to this report, workers failed to use roughly 70 percent of their allotted time. Another survey showed that the fear of returning to heavy workloads prevented workers from taking more time off, USA Today reports.
via Executives Learning To Really Relax On Vacation; Workers Not So Much.