#GVerse via @sanders.senate.gov Do you know why Americans are angry? Over the last 50 years, real weekly wages have been stagnant. At the same time, there was a $79T transfer of wealth from the bottom 90% to the top 1%. We need an economy that works for all, not just billionaires. Repost!!! - ThreadSky

gmf1369.bsky.social • 7 days ago

#GVerse via @sanders.senate.gov
Do you know why Americans are angry?

Over the last 50 years, real weekly wages have been stagnant.

At the same time, there was a $79T transfer of wealth from the bottom 90% to the top 1%.

We need an economy that works for all, not just billionaires.
Repost!!!

Comments

danihere.bsky.social•7 days ago

And Social Security gives you a very basic living, a pittance really, with food, energy and housing through the roof!

sarjenkat.bsky.social•7 days ago

We have watched as tuition for college went from a few hundred dollars to hundreds of thousands.
We have watched house prices leap from 20-50 grand to now 200 grand might get you a falling apart crapbox
We have watched rent go from 15-30% of our incomes to 80-150% of our incomes
You Betcha we're mad

meritcandour.bsky.social•7 days ago

People Before Profits

chicagojcb.bsky.social•7 days ago

What we need is a fair minimum wage that matches after I flatiron what it was when it was established. And we need a 90% tax on any wealth (Note I am not saying income) over $1B. This will motivate bosses to pay people decently instead of hoarding the income only to have it taxed.

solarpons83.bsky.social•5 days ago

UBI check it out

kygranli.bsky.social•7 days ago

1970, the average CEO pay was 11 times the average hourly worker wages. In 1980 the gap was 42 times, and in 1990 CEO pay was 85 times greater than average hourly wages. CEO pay in 2000 demonstrates a pay gap of over 531 times the average hourly worker wage.

https://www.svsu.edu/media/writingprogram/activedocs/Whelton_article.pdf