Tag: stagnant wages
Real and Phony Problems with Our Trade Deals
President Obama On the Second Goal of the March on...

"The position of all working Americans, regardless of color, has eroded, making the dream Dr. King described even more elusive. For over a decade, working Americans of all races have seen their wages and incomes stagnate. Even as corporate profits soar, even as the pay of a fortunate few explodes, inequality has steadily risen over the decades."
"The twin forces of technology and global competition have subtracted those jobs that once provided a foothold into the middle class, reduced the bargaining power of American workers. And our politics has suffered...For what does it profit a man, Dr. King would ask, to sit at an integrated lunch counter if he can't afford the meal?"
President Obama issued a call to action today for all of us, a call to demand that Washington address the plight of the working class and the middle class in this nation. I would say that needs to be the chief purpose of the remainder of his term in office, as well. Nothing else is as important for the long-term health of our democracy.