In the United States, the median wage in 2009 was $26,261—lower than it was in 2000. When you average in the billionaires, it was only $39,269.
Heather Digby Parton
The assault on unions by Republicans to benefit their corporate supporters (and eliminate a core Democratic constituency) is going to end badly.
Back in the early 90s when I made $23,000, I often thought that it was madness for business interests to reflexively apply downward pressure on middle class wages. Who, I thought, would be able to buy the crap that corporations produce, and where would tax revenue come from to support the already inadequately funded services that government contributed to society?
Clearly I was naive, and not paying attention to the globalization rhetoric of both Democrats and Republicans at the time. In roughly a decade, US corporations (multi-nationals) went from bleeding just over 250 million rubes in this country to 6.5 billion globally.
Corporations today make record profits and tax revenues are at record lows—we're screwed.
Macro-future
Micro-future
UPDATED:
I know there are plenty of millionaire Democrats, and they're complicit in this shit storm. But, unlike millionaire Republicans, they aren't ideologically driven to screw the middle class, they're just cowards.
No comments:
Post a Comment