So I’ve been hearing all sorts of mixed responses – or even more maddening, no responses – to the current fast food workers strike. I am genuinely shocked how few people are passionate about this issue, considering how riled up we were about inequality during the Occupy movement less than a year ago.
I mean, not trying to insult you guys or anything, but you’d have to be either 1) incredibly ignorant or 2) incredibly stupid to not be mad at the unequal wealth distribution of America.
Currently our economic “recovery” looks something like this:
“Top 1% incomes grew by 31.4% while bottom 99% incomes grew only by 0.4% from 2009 to 2012. Hence, the top 1% captured 95% of the income gains in the first three years of the recovery. From 2009 to 2010, top 1% grew fast and then stagnated from 2010 to 2011. Bottom 99% stagnated both from 2009 to 2010 and from 2010 to 2011. In 2012, top 1% incomes increased sharply by 19.6% while bottom 99% incomes grew only by 1.0%. In sum, top 1% incomes are close to full recovery while bottom 99% incomes have hardly started to recover.” – Emmanuel Saez Continue reading