Pro Publica - Illinois
New York Times
“Our nation is moving toward two societies, one black, one white – separate and unequal.” Fifty years ago, on March 1, 1968, these were the grim words of the National Advisory Commission on Civil Disorders, called the Kerner Commission after its chairman, Gov. Otto Kerner of Illinois. Today the situation is worse.
The rise of inequality in America is the outcome of a very clear political agenda of disempowering and undermining workers. Corporate dominated globalization is a key part of undermining the bargaining power of workers by giving multinational corporations massive mobility, massive flexibility, and political power.
Huffinton Post The Blog
This de-coupling of wages from productivity has drawn a trillion dollars out of the labor share of GDP. Economics does not explain what happened in the mid-70s.It was not the oil shock. Not interest rates. Not the Fed, or monetary policy. Not robots, or the decline of the Soviet Union, or globalization, or the internet.The sharp break in the mid-70’s marks a shift in our country’s values. Our moral, social, political and economic values changed in the mid-70’s.