Category Archives: Income Inequality

WWSWD – What Would Sam Walton Do?

The Supreme Court is due to hear this Wal-Mart sex bias lawsuit.  Any ideas on how the Court will decide. 

http://www.msnbc.msn.com/id/42250811/ns/business-careers/

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Filed under Diversity, Economics, Income Inequality, Jobs, The Economy, U. S. Supreme Court

Soon there will be no troublesome middle class

On May 2nd, 1933, the day after Labor day, Nazi groups occupied union halls and labor leaders were arrested. Trade Unions were outlawed by Adolf Hitler, while collective bargaining and the right to strike was abolished. This was the beginning of a consolidation of power by the fascist regime which systematically wiped out all opposition groups, starting with unions, liberals, socialists, and communists using Himmler’s state police.

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Filed under History, Income Inequality, Jobs, Progressive Ideals, Workers Rights

A mere 70 years ago

I am reminded to be grateful for what I do have.

And hopefully we won’t end up like this again…..

The photos below were taken 1935 – 1939

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Filed under History, Income Inequality, Infrastructure, memories, The Economy

Extreme Income Inequality

During the three decades after World War II incomes in the United States rose rapidly and at about the same rate — almost 3 percent a year — for people at all income levels. America had an economically vibrant middle class. Roads and bridges were well maintained, and impressive new infrastructure was being built. People were optimistic.

By contrast, during the last three decades the economy has grown much more slowly, and our infrastructure has fallen into grave disrepair. Most troubling, all significant income growth has been concentrated at the top of the scale.

The share of total income going to the top 1% of earners, which stood at 8.9% in 1976, rose to 23.5% by 2007, but during the same period, the hourly wage declined by more than 7%.   Census data for the 100 most populous counties in the US show that the counties where income inequality grew fastest also showed the biggest increases in symptoms of financial distress: largest increases in bankruptcy filings & divorce rates.

Take a look at the stats here.

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Filed under Economics, Financial Rules & Regulations, Income Inequality