The problem is that since 1981, income for the top 1% of Americans has increased by roughly 200%, while income for the middle class has increased by roughly 2-3%: www.cbpp.org/research/poverty-and-inequality/a-guide-to-statistics-on-historical-trends-in-income-inequality The most powerful CEOs and shareholders have been hoarding all the money for themselves. There are many factors why this has happened.
This study suggests raising the minimum wage to $12 dollars per hour will provide decent wages without hurting the economy: http://www.epi.org/publication/raising-the-minimum-wage-to-12-by-2020-would-shrink-the-wage-gap/
1) Reaganomics (Trickle-Down Economics): This idea that reducing taxes while also reducing regulations on the CEOs of the richest corporations in this country will somehow magically "create jobs" is absurd. This fantasy completely ignores the most important aspect of corporate CEOs: [b]GREED[/b].
2) "Free" Trade Agreements: Thanks to Bill Clinton and his Congress passing NAFTA, CAFTA, PNTR w/China, this country has allowed corporations to hire workers in other countries for 24 cents an hour. American workers can't compete with that. I'll borrow a quote from Mike Huckabee: "If it's not fair trade, it's not free trade."
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[quote]The problem is that since 1981, income for the top 1% of Americans has increased by roughly 200%, while income for the middle class has increased by roughly 2-3%: www.cbpp.org/research/poverty-and-inequality/a-guide-to-statistics-on-historical-trends-in-income-inequality The most powerful CEOs and shareholders have been hoarding all the money for themselves. There are many factors why this has happened. This study suggests raising the minimum wage to $12 dollars per hour will provide decent wages without hurting the economy: http://www.epi.org/publication/raising-the-minimum-wage-to-12-by-2020-would-shrink-the-wage-gap/ 1) Reaganomics (Trickle-Down Economics): This idea that reducing taxes while also reducing regulations on the CEOs of the richest corporations in this country will somehow magically "create jobs" is absurd. This fantasy completely ignores the most important aspect of corporate CEOs: [b]GREED[/b]. 2) "Free" Trade Agreements: Thanks to Bill Clinton and his Congress passing NAFTA, CAFTA, PNTR w/China, this country has allowed corporations to hire workers in other countries for 24 cents an hour. American workers can't compete with that. I'll borrow a quote from Mike Huckabee: "If it's not fair trade, it's not free trade."[/quote]
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[quote]The problem is that since 1981, income for the top 1% of Americans has increased by roughly 200%, while income for the middle class has increased by roughly 2-3%: www.cbpp.org/research/poverty-and-inequality/a-guide-to-statistics-on-historical-trends-in-income-inequality The most powerful CEOs and shareholders have been hoarding all the money for themselves. There are many factors why this has happened. This study suggests raising the minimum wage to $12 dollars per hour will provide decent wages without hurting the economy: http://www.epi.org/publication/raising-the-minimum-wage-to-12-by-2020-would-shrink-the-wage-gap/ 1) Reaganomics (Trickle-Down Economics): This idea that reducing taxes while also reducing regulations on the CEOs of the richest corporations in this country will somehow magically "create jobs" is absurd. This fantasy completely ignores the most important aspect of corporate CEOs: [b]GREED[/b]. 2) "Free" Trade Agreements: Thanks to Bill Clinton and his Congress passing NAFTA, CAFTA, PNTR w/China, this country has allowed corporations to hire workers in other countries for 24 cents an hour. American workers can't compete with that. I'll borrow a quote from Mike Huckabee: "If it's not fair trade, it's not free trade."[/quote]