income inequality

American Exceptionalism is Dead

Having the mightiest military, more powerful than the world has ever seen, doesn't make America exceptional. An ever expanding middle-class, equal opportunity for all, fairness in the political process and worker's rights was what had also made America exceptional since World War II—when the rising tide of capitalism had once lifted all boats. Now it just lifts the biggest yachts.

Worker Wage Inequality Myth Exposed

In America today there is a crisis.  That crisis is economic inequality.  The U.S. workforce has been blamed and dismissed for the growing gap between rich and poor.  Much effort has gone into blaming the victim.  Americans have been called fat, lazy and stupid along with the never ending drumbeat claim U.S. workers are uneducated and do not have enough technological skills.

Income and Poverty Report Paints a Not So Pretty Picture

Did you know 15% of America lives in poverty and that income for households after adjusting for inflation has declined by 8.3% since 2007?  That America is making 9% less in real dollars than in 1999?  The latest annual Census report for 2012 shows America is still broken and poor.

Friday Movie Night - Income Inequality

The story which should be front page news but is not is income inequality.  U.C. Berkeley professor, Emmaneul Saez studies income inequality and has recently updated his research with 2012 figures and the results are astounding.  The top 1% breaking records for grabbing America's income gains should be what's blaring across the headlines.

Nearly 40% of the Top Paid CEOs Bombed at Their Jobs

The Institute for Policy Studies has released a no holds barred report on CEO pay, culture.  Even the study title screams outrage, Executive Excess 2013: Bailed Out, Booted, and Busted.  Every year there is a list of the top 25 highest paid CEOs and over the past 20 years this list has included 500 executives.  Of those 500 who made the Wall Street Journal's top 25 highest paid Chief Executive Officer list, a whopping 38% were utter failures at their jobs.

The Great American Wealth Transfer to the Super Rich

The rich get richer and the rest of us get the economic shaft.  That is the theme of this so called economic recovery since 2009.  A new Pew Research report, A Rise in Wealth for the Wealthy; Declines for the Lower 93%, analyzes newly released Census data on wealth.  What they found is the rich got richer and the rest of us got poorer.  The great American wealth transfer continues.

Friday Movie Night - Women Who Make America

Tonight's Friday Featured Documentary is the three hour PBS documentary Women Who Make America.  The film goes trhough the history of the woman's movement of the 1960's.  Recently we wrote about foreign guest workers enabling sex discrimination in high tech.  This film shows just how bad it was for women's equal rights and the battles fought.  Yet in 2013, Republicans are yet again blocking a bill to guarantee equal pay for equal work.

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