Income Inequality: Difference between revisions
From WikiDemocracy
Jump to navigationJump to search
No edit summary |
No edit summary |
||
| Line 47: | Line 47: | ||
[https://www.pbs.org/newshour/economy/corporations-greater-equality by Gerald Davis 16/9/16 PBS NEWS] | [https://www.pbs.org/newshour/economy/corporations-greater-equality by Gerald Davis 16/9/16 PBS NEWS] | ||
The postwar era of corporate dominance corresponded to a period of remarkable economic growth, social mobility and relative income equality in the United States. GDP, productivity and household income grew at a remarkable rate during this period, which is now widely regarded as a golden era for the American economy. It was not just in the U.S.: the period from 1945 to 1975 is called the “glorious thirty” (“les trente glorieuses”) in France, and both Western Europe and East Asia saw similar periods of growing prosperity. But in the U.S. this era is distinctively associated with the corporate economy. | The postwar era of corporate dominance corresponded to a period of remarkable economic growth, social mobility and relative income equality in the United States. GDP, productivity and household income grew at a remarkable rate during this period, which is now widely regarded as a golden era for the American economy. It was not just in the U.S.: the period from 1945 to 1975 is called the “glorious thirty” (“les trente glorieuses”) in France, and both Western Europe and East Asia saw similar periods of growing prosperity. But in the U.S. this era is distinctively associated with the corporate economy. | ||
=====85 Years Later, Make the Minimum Wage Truly Equitable===== | |||
[https://www.commondreams.org/opinion/make-minimum-wage-equitable by Jasmine Payne- Patterson 1/9/23 Common Dreams] | |||
The concept behind the FLSA began in the 1930s as a response to the Great Depression, a time when about 25% of workers were unemployed, people lost their life savings due to bank failures, and many struggled to secure housing and food. In 1933, President Franklin Delano Roosevelt responded with the National Industrial Recovery Act (NIRA) and establishing the National Recovery Administration (NRA). | |||
