Tag: stagnant wages
"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.