Working people in America are screwed. Just as corporate profits have reached pre-recession levels – and in fact shattered 60-year records in 2011 – working people have yet to see any of the gains. In January – average hourly wages climbed a meager 1.5% from where they were last year – but core inflation – the price of things like food and energy – increased by 2.3%, meaning working Americans aren’t collecting the paychecks they need to keep up with rising living costs.
Between 2009 and 2011 – 88% of our nation’s income went to corporate profits – whereas only 1% went into working people’s wages. This is theft – and it’s the sort of theft that’s been made legal – and even been promoted – by 30-years of Reaganomics. We have to roll back the Reagan tax cuts – close tax loopholes for corporate outsourcers – and bring democracy back into the workplace through unions.