Stagnant wages and rising inflation continue to hurt working people.

1 post / 0 new

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.

Thom Hartmann Administrator's picture
Thom Hartmann A...
Joined:
Dec. 29, 2009 10:59 am

Latest Headlines

Who rejected United States-North Korea peace talks?

There were conflicting reports on Sunday regarding a recent proposal for United States-North Korea peace talks which was allegedly made before North Korea"s recent nuclear test

U.K. Pound Falls As Markets Get Brexit Jitters

Bloomberg said on Monday the pound had sustained its biggest fall against the dollar in 11 months

Clinton: I'll defend Israel but push for 'two-state solution

Hillary Clinton believes both Republican candidates Donald Trump and Ted Cruz "missed the mark" with their approach to the Israel-Palestinian Arab conflict

Here's What's the Matter with Kansas…

The verdict is in, and it's time for conservatives to face the cold hard facts.

Right-wing trickle-down Reaganomics doesn't work.

It doesn't work internationally, it doesn't work nationally, and it doesn't work at the state level.

Powered by Pressflow, an open source content management system