David Yamada has some choice thoughts here. Please read them in full and I recommend you subscribe to his site. It’s good. jp
We are living in an unequal, plutocratic society, and it is feeding an emotional dimension characterized by a dismissive lack of caring by many of the super rich and an angry, dog-eat-dog worldview for everyone else. So many of the employment policy issues I write about on this blog must be viewed against this broader, ugly canvass.
First, let’s establish the factual baseline: America’s wealth gap has reached extreme proportions. As Connie Stewart reports for the Los Angeles Times:
If you feel you’re falling behind in the income race, it’s not just your imagination. The wealth gap between the top 1% and the bottom 99% in the U.S. is as wide as it’s been in nearly 100 years, a new study finds.
For starters, between 1993 and 2012, the real incomes of the 1% grew 86.1%, while those of the 99% grew 6.6%, according to the study, based on Internal Revenue Service…
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