Editorial | Income and Wealth Inequality Has Devastated American Workers – The New York Times

“Over the past four decades, American workers have suffered a devastating loss of economic power, manifest in their wages, benefits and working conditions. The annual economic output of the United States has almost tripled, but, with the help of policymakers from both political parties, the wealthy hoarded the fruits.

In the nation’s slaughterhouses, the average worker in 1982 made $24 an hour in inflation-adjusted dollars, or $50,000 a year. Today the average meatpacker processes significantly more meat — and makes less than $14 an hour.

The hundreds of thousands of home health care aides, often female, often minorities, who care for a nation of aging baby boomers rarely receive paid time to care for their own families.

Even in the high-flying technology sector, companies have found ways to leave their workers behind. More than half of the people who work for Google do not actually work for Google. They are classified as contractors, which means they do not need to be treated as employees.

Picture the nation as a pirate crew: In recent decades, the owners of the ship have gradually claimed a larger share of booty at the expense of the crew. The annual sum that has shifted from workers to owners now tops $1 trillion.

Or consider the power shift from the perspective of an individual worker. If income had kept pace with overall economic growth since 1970, Americans in the bottom 90 percent of the income distribution would be making an extra $12,000 per year, on average. In effect, every American worker in the bottom 90 percent of the income distribution is sending an annual check for $12,000 to a richer person in the top 10 percent.”

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