Register   |  

UUJEC Issues & Actions Blog

All Posts Term: wage stagnation
1 post(s) found

"It's not taxes that are bleeding us dry" by Rich Florentino

Dec 18 2017

The "Taxman," article, that starts with income and then blames taxes for our "affordability crisis," needs more information. It completely overlooks the wage stagnation over the last four decades.

In total, wages used to be 55 percent of GDP, in the 1960s. Now they are only 45 percent; that's 10 percent less of GDP.  Current GDP is about $20 trillion.  So wages are $2 trillion LESS today than they would be if they had not flat-lined beginning in the 1970s.

Contact Us:  Webmaster:
By Mail: UUJEC-Bannor, 2701 West Fitch Ave., Chicago IL 60645-3003