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New Study Confirms That American Workers Are Getting Ripped Off

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Why we fight. Photo: Scott Olson/Getty Images

(Trump's) right to claim that Americans are getting the short end. But the primary cause of that fact isn’t bad trade agreements or “job killing” regulations — its the union-busting laws and court rulings that the president has done so much to abet.

Eric Levitz, New York Magazine

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July 6, 2018 | America’s unemployment rate is hovering near half-century lows. There are now more job openings than unemployed workers in the United States for the first time since the government began tracking that ratio. For America’s working class, macroeconomic conditions don’t get much better than this.

And yet, most Americans’ wages aren’t getting any better, at all. Over the past 12 months, piddling wage gains — combined with modest inflation — have left the vast majority of our nation’s laborers with lower real hourly earnings than they had in May 2017. On Wall Street, the second-longest expansion in U.S. history has brought boom times — in the coming weeks, S&P 500 companies will dole out a record-high $124.1 billion in quarterly dividends. But on Main Street, returns have been slim.

Eric Levitz: Political writer at New York Magazine

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Related:

How did we let modern slavery become part of our everyday lives? Felicity Lawrence, the Guardian

https://i.guim.co.uk/img/media/3dca1becd453c80b0595537f6d7b189ed3ba0495/0_0_3047_1829/master/3047.jpg?w=300&q=55&auto=format&usm=12&fit=max&s=ba37133958faa19d6a6fc15a7a2afe87Illustration by Thomas Pullin

  • Society abhors exploitation but we are complicit. The cheap goods and services consumers expect makes exploitation inevitable.
  • Related: Amazon’s Wal-Mart problem: Why low wages, working conditions,  and disdain for culture will hurt us all.


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