TIME FOR CHANGE
Veteran
But Sachs says the "real story" is much bigger than Wisconsin: It's about stagnant wages of public and private sector workers alike, and the increasing and increasingly pernicious role of big money in politics.
The following statistics speak to Sachs' first point:
Since 1973, the median take home pay of full-time workers is virtually unchanged on an inflation-adjusted basis.
The top 11,000 households in America have more income than the bottom 25 million.
Since 1976, 58% of real income growth has gone to the top 1% of Americans.
"We've reached the greatest income [and] wealth inequality in history," Sachs says. "This is a new ‘Robber Baron' era, of course."
http://finance.yahoo.com/tech-ticker/the-new-robber-barons-all-politicians-%22in-the-hands-of-the-super-wealthy%22-sachs-says-536034.html?tickers=MUB,%5EDJI,%5EGSPC,TBT,XLF,XLV,GLD&sec=topStories&pos=8&asset=&ccode=
The following statistics speak to Sachs' first point:
Since 1973, the median take home pay of full-time workers is virtually unchanged on an inflation-adjusted basis.
The top 11,000 households in America have more income than the bottom 25 million.
Since 1976, 58% of real income growth has gone to the top 1% of Americans.
"We've reached the greatest income [and] wealth inequality in history," Sachs says. "This is a new ‘Robber Baron' era, of course."
http://finance.yahoo.com/tech-ticker/the-new-robber-barons-all-politicians-%22in-the-hands-of-the-super-wealthy%22-sachs-says-536034.html?tickers=MUB,%5EDJI,%5EGSPC,TBT,XLF,XLV,GLD&sec=topStories&pos=8&asset=&ccode=
