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.


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...