“The report, however, also provides clear evidence that the the nation is splitting into two; only 47% of Americans have a full-time job and those who don't are finding it increasingly out of reach.”
- Swelling tax loopholes (for large corporations, not average citizens) squeezing budgets into deficit.
- Emerging markets and budding privatization schemes that transform public community resources into for-profit entities – all the while devouring taxpayer funds.
- Advancing families as “human capital” and updating cheaper labor tactics.
- Rising middle and lower class debt through pay-cuts and underemployment.
- Prune more for growth and a better future…
- 1965: 20.1-to-1
- 1978: 29.0-to-1
- 1995: 122.6-to-1
- 2000: 383.4-to-1
- 2012: 272.9-to-1, far higher than it was in the 1960s, 1970s, 1980s, or 1990s.
"From 1978 to 2012, CEO compensation measured with options realized increased about 875 percent, a rise more than double stock market growth and substantially greater than the painfully slow 5.4 percent growth in a typical worker’s compensation over the same period."
Diane Ravitch points out:
Think how busy they must be outsourcing jobs to low-wage nations. Tough job, but someone has to do it.