Since 1975, $79 Trillion Has Flowed From Bottom 90% to Top 1% in US: Analysis | Common Dreams
www.commondreams.org
Sanders used the findings of a recent working paper to denounce Republicans' determination to pass tax cuts that will benefit wealthy Americans the most.

cross-posted from: https://lemmy.zip/post/33332812

Sanders used the findings of a recent working paper to denounce Republicans’ determination to pass tax cuts that will benefit wealthy Americans the most.

  • Poach@lemmy.worldEnglish
    14·
    2 days ago

    No, the way to read that is: a home costs about 11,000 hours of labor at that time. So assume 400k house, that would mean $36/hr min wage. Now that will be much less in rural areas, but the wages have not kept up with inflation (or productivity). Demand higher wages.