Monday, March 31, 2014

Wealth Inequality Is Worse Than You Think.

We have all heard about income inequality. For the most part, it has to do with the drastic difference in earnings between the 99% and the 1%. Since the 1970's the income gap has been steadily increasing; however, today it is at such a rate not recognized since the early 1920 's.

People like to say there is no such thing as income inequality, and they even berate a person for pointing out the hypocrisy between the amount made by executives and the bottom line worker.

Don't get the wrong impression, the executive  does not work harder than the front line worker, because it is not true; what is true consists of the greedy nature of the upper class. You know the people who believe you should work for next to nothing, while they take the money. Moreover, not in so many words, they call you a bum, a loser, worthless,  and an expendable; should you dare stick up for people.

Pay folks a living wage and  you will see quality and production increase. Workplace morale consists of a positive climate and a positive, workplace, environment cannot exist without a decent paycheck. One who works should not be living in poverty. To me, it is inexcusable.

"The two economists note that wealth has always been very concentrated at the top, but that the top 10 percent of the distribution has started making bigger gains in recent decades. Yet even that doesn’t tell the whole story, as most of the changes are happening within the 1 percent. Since the 1980s, the top 0.1 percent of the wealth distribution, or those who have more than $20 million in assets, has seen big increases, and the top 0.01 percent, or those with more than $100 million, has seen even bigger ones. But there hasn’t been a big jump in wealth inequality for people below the 0.1 percent."

We need to fight against the nonsense or expect to get racked over again and yes, again.

BRYCE COVERT (31 March 2014).Wealth Inequality Is Now As Bad As It Was During The1920s.ThinkProgress. http://thinkprogress.org/economy/2014/03/31/3420998/wealth-inequality/

No comments:

Post a Comment