In honor of Labor Day, our colleagues at the Economic Policy Institute made a little tool — based on their project inequality.is — that shows how much you would be making if wages had kept pace with productivity, a key indicator of an economy working for all.
As they explain,
Economic inequality is a real and growing problem in America. Since 1979, workers are working more, making more goods, and not reaping the rewards of their increased productivity. Instead, CEOs and executives — the top 1% of earners — now take home 20% of the nation’s income.
But it doesn’t have to be like this. Growing inequality isn’t an inevitability — it was created. It’s the result of intentional policy decisions on taxes, trade, labor, and financial regulation. But that’s the good news: if inequality is not inevitable, then it can be fixed.
Take a look — click here and then put your income into the box and learn what you should be making.
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This post was originally published on www.blueoregon.com on August 30, 2013. The original post can be found at http://www.blueoregon.com/2013/08/what-should-you-be-making/.