Friday, August 18, 2006

The Ever Growing Gap

There is a major gap in this country that by the day becomes more and more difficult to close. I am talking of course about the gap between the middle and upper classes. There is as Lou Dobbs would say, "A War on the Middle Class" as more jobs pay less, and the minimum wage is not enough to live on. Minimum wage jobs are enough to pay for the high cost of American living. Inflation and price gauging of the American public. We are allowing all Americans to be ripped off at the gas pump by Exxon Mobile and we will not even investigate them by their lack of business ethics. One example of the gap is this is less than 40 years ago; CEOs on average were paid an average of about 20-30 times the average worker. Today CEOs on average are paid 600 times the average worker. That is a big, big gap. The minimum wage is $5.15 an hour, and yearly that equals less that 11,000 dollars a year, which is worth less with inflation, and after taxes gives horrible living standards to minimum wage workers. By the way if you earn a minimum wage salary you are below the poverty line. What does this all mean? It means the middle class in eroding away into a new class that can't pay for it's self. We need to do something now and stop making the wealthy, the most powerful.

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