• The post you are reporting:
   
  Of course we live in an economic system that requires a level of poverty/unemployment to keep wages down and profits up. Look at the number of jobs that nowadays are short term contract or part-time; that suits the employer. For me though the issue is not so much the relative poverty, which we in this country, have some safeguards against, but the relative wealth as shown from this piece below:
  
  From Le Monde diplomatique by Serge Halimi:
  
  Between 1983 and 2006 the share of national income pocketed by the richest 1 per cent in USA almost doubled, from 9 to 16 per cent ... Between 1966 and 2001 the median salary in the US increased by only 11 per cent in real terms. But the 10 per cent of workers who are the highest paid registered a 58 per cent increase in income, and the curve climbed ever more steeply to reach a 121 per cent gain for the top 1 per cent, 256 per cent for the 0.1 per cent richest and 617 per cent for the 0.01 per cent most prosperous. Sharing is a thing of the past. The winner now takes all..

Report Post

Your Name

Reason