Charting America’s Descent Into Peasantry
Earlier today, I published a post titled Americans Have Been Turned Into Peasants – It’s Time to Fight Back. In the hours since, I came across an article in the Washington Post which offers some additional details and graphics on the subject.
Here are a few excerpts from the piece titled, 2015 Was a Terrible Year for the Common Working Man:
By at least one measure, inequality among working men has grown for decades. But, in 2015, it accelerated: The wage gap among men saw its largest single-year increase on record.
Top earners — men who made more than 95 percent of their peers — saw wages last year rise by 9.9 percent, according to an analysis of federal data. Men in the middle — with earnings higher than half their peers — saw a much-smaller 2.6 percent increase.
Now here’s a graphic of the trend:
Meanwhile…
Since 1973, wages among men in the 50th percentile have fallen a total 4.6 percent. Wages for men in the 95th percentile, meanwhile, are up 51.4 percent.
Here’s what that looks like:
This isn’t the outcome of a fairly regulated free market economy. It’s what you get in a rigged economy.
The American public is being used like a cheap suit by the status quo. When will enough be enough?
