Wealth inequity is created whenever an employer lowers his employees’ wages, replaces a full-time worker with several part-timers, busts a union, cuts corners on workplace safety, or pays a lobbyist to change the rules.

It’s created whenever a job is shipped overseas, and when investments are shifted from job-producing industries to the non-productive financial sector.

It’s created when GE outsources its manufacturing operation and gets into the banking [[read, “gambling with taxpayers’ money”) business. Or when AIG stops insuring risk and starts betting on it.

And the process isn’t slowing down. In fact, it seems to be accelerating.

http://www.commondreams.org/view/2013/02/16-7



Striking it Richer:
The Evolution of Top Incomes in the United States
[[Updated with 2011 estimates)
http://elsa.berkeley.edu/~saez/saez-...comes-2011.pdf