Organizing Notes

Bruce Gagnon is coordinator of the Global Network Against Weapons & Nuclear Power in Space. He offers his own reflections on organizing and the state of America's declining empire....

My Photo
Location: Brunswick, ME, United States

The collapsing US military & economic empire is making Washington & NATO even more dangerous. US could not beat the Taliban but thinks it can take on China-Russia-Iran...a sign of psychopathology for sure. We must all do more to help stop this western corporate arrogance that puts the future generations lives in despair. @BruceKGagnon

Friday, August 13, 2021

Why is there income inequality in the US?


The wages per hour is what the employer gives the employee. The productivity per hour is what the employee gives to the employer.

If what the workers gave the employer rose by 72 percent, whereas what the employer gave the worker on average rose by 17 percent over 40 years, there's your explanation for why there's great inequality in the United States.

~ Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City.


Post a Comment

Subscribe to Post Comments [Atom]

<< Home