Friday, January 5, 2007

America's Big Winners

A good article, with hope underneath, about what's driving the insane gap between the earnings of CEOs of America's largest companies and those of the people who work for them.

"In short, people’s incomes are swinging wildly—like winnings in a casino. In 1970, a family in any given year had a one-in-fourteen chance of its income dropping by half; today, the chance is one in six. No wonder mortgage foreclosures and personal bankruptcies have quintupled during the same period. Middle-class Americans live more and more with the kind of gnawing existential uncertainty that used to be mainly a problem of the poor."

Full article

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