A Living Wage When Working, a Poverty-Free Old Age When Retired

Click here to access article by Nancy Altman and Eric Kingson from Huffington Post.

...over the last 35 years, most workers have not shared in all of the increased wealth that the productivity has generated. Between 1948 and 1979, two thirds of the aggregate income growth went to the bottom 90 percent. One third went to the top 10 percent -- so the richest did gain disproportionately, but at least everyone shared some. In stark contrast, between 1979 and today -- the same period that saw the drastic erosion of the minimum wage -- all of the aggregate income growth has gone to the top 10 percent!

Keep this in mind the next time you hear the country-club set self-righteously proclaim that people need to tighten their belts. That we cannot afford a hike in the minimum wage. That our very modest Social Security benefits, averaging just $1,330 a month for retirees, must be cut.

Meanwhile, there is seldom any problem that our capitalist masters have in funding the military-industrial complex, funding for 1000 foreign military bases, funding black-budgets of the CIA that are often used to destabilize governments, and funding terrorist armies like Al-Nusra in Syria.