Dollars and Sense on Class War

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The Feed • 11-7-11

Dollars and Sense has an excellent, short piece by Alejandro Reuss on the growing gap between the value of what workers produce and what they get paid. The graph accompanying the article makes it quite clear that the 1% have been winning the class war for some decades now. Here's the summary paragraph:

Workers and employers—whether they like it or not, recognize it or not, prepare for it or not—are locked in a class struggle. Employers in the United States and other countries, over the last few decades, have recognized that they were in a war and prepared for it. They have been fighting and winning. Workers will only regain what they have lost if they can rebuild their collective fighting strength. In the era of globalized capitalism, this means not only building up labor movements in individual countries, but also creating practical solidarity between workers around the world.

Here's the graph:

But for a nice clear explanation, read the whole thing here. H/T to Portside.