Can workers today make more than their parents? At this time it is 50/50, but people born in 1940, the chance of children making more than their parents was at 92 percent—why? One reason for this is economic growth has slowed from 4 to 5 percent in the past decades to just 2 to 3 percent today; and almost all of the benefits of the 2 to 3 percent growth goes to the top with people in the lower income bracket are stuck with stagnant wages. The Americans at the bottom 50 percent are making an average of just $16,000 a year while the top 1 percent makes $1.3 million, and send their children to elite schools so the rich get richer and the poor get poorer. Part of the attack on the 1.7 million poor workers are employed by temporary agencies. Of these 1.7 million workers, 900,000 are on zero hour contracts. This problem is worldwide. Workers in the UK are facing the same problem, some 20 percent of the workers do not know if they will get a full week’s work. The people who are and have be
This blog is a quick read about concerns, whether local or international, facing union and non-union workers.