I was going to comment on Jeff’s post below but I realized my comment was reaching an impolite length. The issue of economic injustice, which I watch getting worse and worse before my eyes and in my own pocket, is, well let’s just euphamistically call it a pet peeve.
The rich get richer and the middle and poor get poorer:
http://www.jobwatch.org/
(”For low- and middle-wage workers, as well as those with a high school degree, real wages fell last year by 1%-2%. Those at the top of the wage scale experienced marginal gains, and real wages were essentially unchanged for college graduates…nominal wage growth slowed over the past few years ..Inflation was also a factor last year, as energy costs drove prices higher (on average for the year, inflation was up 2.7% in 2004 and 3.4% in 2005). Thus, nominal wages needed to grow that much faster to beat price growth.”)
And as we get poorer, many of us can’t afford health care, and jobs that used to offer it have decided they’d rather keep the money as profit:
http://www.epi.org/content.cfm/ib218
(”…Corporate profits [are] unusually strong; compensation [is] unusually weak…While wages have stagnated or fallen behind inflation, corporate profits have remained strong…While compensation gains have slowed, profits have continued to grow strongly. In other words, the recent squeeze on wage growth appears to be coming much more from profits than from health care costs…Close to half of the workforce lack employer-provided health care, and those who have lost the most in real wages are the least likely to even have health coverage…strong productivity growth has done little to better the living standards of working families which has been a hallmark of the current economic expansion.”)
Meanwhile the President continues to tell us he is strengthening the economy and instead makes the tax cut policies to benefit the rich, and does nothing to help the rest of us:
http://www.whitehouse.gov/stateoftheunion/2006/
(here’s an exerpt of that State of the Union address on January 31, 2006, 9:12 P.M. EST: “….Tonight I will set out a better path: an agenda for a nation that competes with confidence; an agenda that will raise standards of living and generate new jobs. Americans should not fear our economic future, because we intend to shape it.”)
And on housing, one final thought: The inflation-adjusted value of the minimum wage is 29 percent lower today than it was in 1979. Meanwhile, “…average U.S. home prices increased 12.50 percent from the first quarter of 2004 through the first quarter of 2005 …House prices rose 12.5 percent, while prices of other goods and services rose only 3.1 percent. …[This] represent[s] the largest four quarter increase since the third quarter of 2004, when appreciation surpassed any increase in over 25 years.”
…I didn’t even go into the skyrocketing costs of (even public) college education, the incredible ongoing, worsening economic apartheid here in America (yes, I mean race) wealth and survival in Developed vs. Developing countries, or one hundred other bajillion economic injustice things I try not to think about ALL THE TIME.
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*You have gotten me started. This is a giant rant.
EDIT: I tried to make this a shorter rant, with little success.