Thursday, August 28, 2003

ONE FROM ALTERNET
Labor Day 2003: Nothing to Celebrate


If ever there was a Labor Day for American workers to celebrate, this sure isn't the one. It's now 30 years since the end of the "golden era" for American labor, which by most accounting ended in 1973. Over the past 30 years the productivity of the people whose brain and muscle creates the wealth of the world's richest nation has grown by 66 percent. But the wage of the typical employee – the median wage – has grown by only 7 percent.

This one statistic says more than the volumes of hype and tripe that will fill the papers and the air waves on Labor Day. It encapsulates the most massive redistribution of income in American history, from the poor, from workers, from former middle classes – to the rich and the super-rich. As billionaire Warren Buffett said to ABC's Ted Koppel last month, "If it's class warfare, my class is winning."


Good essay. Click here.

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