Saturday, February 19, 2011

Blame the unions!

They made too many wage concessions:

In 1988, the income of an average American taxpayer was $33,400, adjusted for inflation. Fast forward 20 years, and not much had changed: The average income was still just $33,000 in 2008, according to IRS data.

Meanwhile, the richest 1% of Americans -- those making $380,000 or more -- have seen their incomes grow 33% over the last 20 years, leaving average Americans in the dust.
Say this for the teabaggers:  They know they're getting screwed.  But they blame exactly the wrong people.

2 comments:

Anonymous said...

Union wage concessions don't matter. They were overpaid they should of given their money back.

lovable liberal said...

The graph proves that the middle class was not overpaid - that the middle class has been underpaid. Hugely.

Unions help keep non-union wage rates higher. Fewer unions, less upward pressure on wages - which would have simply been a reasonable sharing of the productivity gains made by labor.

Instead, no seat at the table for workers, no rewards...