Bending the Arc of History

Talking Union

by Stan Sorscher

Many economists and policy-makers struggle to explain growing inequality and the erosion of the middle class.

Nobel laureate economist Paul Krugman has a simple explanation, “…corporations use their growing monopoly power to raise prices without passing the gains on to their employees.”

The top 1% take 93% of all new gains created in our economy.

They divide gains that way – because they can!

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Years ago, manufacturing workers had relatively strong bargaining power, which created a wage floor for all workers in the economy. Not anymore.

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