- Since 1979, the income of the top 1% has increased by 275% even after taxes and income transfers.
- Half of all workers in the United States make less than $26,364 a year.
Gee, I wonder why there are all these Occupy Wall Street protests. What could they possibly want?
Two years ago, Haiti unanimously passed a law sharply raising its minimum wage to 61 cents an hour. That doesn’t sound like much (and it isn’t), but it was two and a half times the then-minimum of 24 cents an hour.
This infuriated American corporations like Hanes and Levi Strauss that pay Haitians slave wages to sew their clothes. They said they would only fork over a seven-cent-an-hour increase, and they got the State Department involved. The U.S. ambassador put pressure on Haiti’s president, who duly carved out a $3 a day minimum wage for textile companies (the U.S. minimum wage, which itself is very low, works out to $58 a day).
I need to educate myself better about what companies use basically slave labor so I can avoid them. But unfortunately it’s probably a lot of them. :(
I just want to add that this is the only result that can ever come from the false construct of ownership.