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This is an opinion article from the New York Times. This particular article can be viewed even though this is a subscription site. It was written by the editorial board at the Times and reflects back on the economics of the American worker and the disparity between corporate greed and what trickles down to the working class.
This is a long article as it lays out a timeline of events in our history and how the corporations have now shifted the tax burden to the masses, the American worker, while the corporate giants pay little, or nothing.
It is also available as a recording. It's contained in the link which runs about 20 minutes.
Like it says in the editorial, it is time to ensure that all Americans can share in the nation’s prosperity.
The Jobs We Need
https://www.nytimes.com/2020/06/24/o...58a03397a163a7
This is a long article as it lays out a timeline of events in our history and how the corporations have now shifted the tax burden to the masses, the American worker, while the corporate giants pay little, or nothing.
It is also available as a recording. It's contained in the link which runs about 20 minutes.
Like it says in the editorial, it is time to ensure that all Americans can share in the nation’s prosperity.
The Jobs We Need
Over the past four decades, American workers have suffered a devastating loss of economic power, manifest in their wages, benefits and working conditions. The annual economic output of the United States has almost tripled, but, with the help of policymakers from both political parties, the wealthy hoarded the fruits.
Even in the high-flying technology sector, companies have found ways to leave their workers behind. More than half of the people who work for Google do not actually work for Google. They are classified as contractors, which means they do not need to be treated as employees.
If income had kept pace with overall economic growth since 1970, Americans in the bottom 90 percent of the income distribution would be making an extra $12,000 per year, on average. In effect, every American worker in the bottom 90 percent of the income distribution is sending an annual check for $12,000 to a richer person in the top 10 percent.