Having poor people in the richest country in the world is a choice. We have the money to solve this. But do we have the will?Some good points, but he needs to read Warren's Seven Deadly Innocent Fraud.
It's the capital share to labor share ratio, stupid. He gets this right.
Between 1945 and 1973, [Hedrick] Smith notes, U.S. workers’ productivity grew by 96 percent, and they were rewarded with a 94 percent increase in their wages. Between 1973 and 2011, years that parallel a collapse of the middle class, U.S. workers’ productivity grew by 80 percent, yet those evermore-productive employees saw only a 10 percent increase in their wages. Millions who created that wealth were thus pushed into poverty or to its precipice, while those who fancy a neomedieval economic system transferred billions in profits, generated by that labor, upward to themselves.Yes!
Poverty Is Not Inevitable: What We Can Do Now to Turn Things Around
Dean Paton | Executive Editor
