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Kid Berwyn

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Member since: Mon May 6, 2019, 08:01 PM
Number of posts: 3,907

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On Labor Day, US Workers are 1/3 poorer than in 2003 & Top 1% is 2x Richer

JUAN COLE
Informed Comment, 09/02/2019

Ann Arbor (Informed Comment) – On Labor Day, American workers have little to celebrate. That’s alright. The September Labor Day, while initially proposed by some workers in the 1880s, was backed by conservative President Grover Cleveland over May 1, which he associated with radicalism (i.e. with workers who would demand their rights). So it really isn’t for the workers, it is for the bosses.

David Harrison at the Wall Street Journal reports that the lower 50% of US households by wealth have 32% less wealth than in 2003 in real numbers.

They have only now, in 2019, finally regained the wealth they lost in the Great Bush near-Depression of 2007-2009.

So they’ve gotten back to what they had in the way of assets (home value and other valuables; probably not stocks, since that half of Americans doesn’t typically own securities) in 2007, but not what they had in 2003.

Continues...

https://www.juancole.com/2019/09/workers-poorer-richer.html

FDR employed artists on a national scale.

"I, too, have a dream-to show people in the out of the way places, some of whom are not only in small villages but in corners of New York City-something they cannot get from between the covers of books-some real paintings and prints and etchings and some real music."

— Franklin Roosevelt to Hendrik Willem Van Loon, January 6, 1938



Art of the New Deal

TUC Radio

Time of Useful Consciousness...

Alex Carey said that the people of the US have been subjected to an unparalleled, expensive, 3/4 century long propaganda effort designed to expand corporate rights by undermining democracy and destroying the unions. Carey’s unique view of US history goes back to World War I and ends with the Reagan era.

https://tucradio.org/podcasts/newest-podcasts/alex-carey-corporations-and-propaganda-part-one-of-two/

And Part the 2nd:

https://tucradio.org/podcasts/newest-podcasts/alex-carey-corporations-and-propaganda-part-two-of-two/
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