An American Caste System In the Works? – Rich Make Significant Strides While Poor Fall Farther

A full-time worker making the minimum wage earns $5.15 an hour. (no raise since 1997)

Last year, the CEO of Wal-Mart earned $3,500 an hour. (679 times what the minimum-wage earner makes)

The CEO of Halliburton earned about $8,300 an hour. (1,611 times what the minimum-wage earner makes)

The CEO of ExxonMobil earned about $13,700 an hour. (2,660 times what the minimum-wage earner makes)

The salaries of senators and representatives have gone up by $31,600 since 1997, nearly three times the total yearly income of a minimum wage worker (only $10,700 a year).  Yes, they voted themselves pay raises which are three times what some people earn in a whole year, but refuse to give any increase to those people.

According to the AFL/CIO, “At the current minimum wage level, a full-time, year-round minimum wage worker in 2006 will earn $5,378 less than the $16,090 needed to lift a family of three out of poverty.”

According to The Nation, “With 86 percent of Americans in favor of an increase in the wage, this much is clear: no one wants leaders who turn a blind eye to people now forced to live out of their cars; working two and three jobs and still not making ends meet; and an increasingly squeezed middle class that is a stone’s throw away from financial ruin.”

Another entry for The Nation stated, “In the current climate–with tax cuts for the wealthiest Americans; a minimum wage frozen for eight years and a GOP-dominated Congress; deterioration of labor’s power in the workplace; and corporate-authored free-trade agreements that exacerbate these trends–it is heartening to hear Sherrod Brown make the case that ‘a hard day’s work should mean a fair day’s pay.’ But where are the other Democratic leaders who should be standing by his side?”

Regards,
Jim

 

 

This entry was posted in Human Rights Abuse, Labor Power Loss. Bookmark the permalink.   |   Email This Post Email This Post   |  

About Jim Vogas

Texas A&M Aggie, Retired aerospace engineer, former union member, Vietnam vet, Demcratic Party organizer, husband and father.

Comments are closed.