Cable News Clips

thanks for posting

"0:38

THE WORKING POOR. LET ME
EXPLAIN THE ROOT OF THE PROBLEM.
ACCORDING TO THE AMERICAN
ECONOMIC POLICY INSTITUTE,
LARGELY BECAUSE OF TECHNOLOGY,
FROM 1979 TO 2019, US WORKER
PRODUCTIVITY GREW 59.7%. THAT
MEANT A WORKER IS 59.7% MORE
PRODUCTIVE AT THEIR JOB, BUT
THAT WORKERS REWARD FOR ALL
THAT EXTRA OUTPUT IS A 13.7%
WAGE INCREASE OVER THE SAME
PERIOD. SO PUTTING OUT 59.7%
MORE WORK, GETTING PAID 13.7%
MORE. THAT'S A 46% GAP. THE
AMOUNT ONE MIGHT ARGUE THAT
WORKERS ARE BEING UNDERPAID
RELATIVE TO THEIR OUTPUT. IN
MORE PRACTICAL TERMS, THAT'S
ABOUT A $9 AN HOUR, $9 AN HOUR
IN LOST POTENTIAL EARNINGS FOR
A TYPICAL WORKER. NOW LET'S
FOCUS ON JUST THE MIDDLE CLASS
FOR A MOMENT. FROM 1979 TO 2019,
MIDDLE INCOME WORKERS SAW JUST
13% GROWTH. AS I MENTIONED IN
WAGES ADJUSTED FOR INFLATION,
AMERICA'S LOWEST PAID WORKERS
FARED WORSE, GAINING JUST 3%.
BUT THE ALREADY HIGH EARNERS
THE TOP 1%. THEIR INCOME IS UP
160% OVER THE SAME PERIOD. TAKE
THE TOP 0.1%. THEIR INCOME IS
UP 345%. I CAN DO THIS ALL DAY,
BY THE WAY. I CAN SHOW YOU
DIFFERENT EXAMPLES THAT PROVE
THE POINT THAT THE RICH ARE NOT
GETTING SQUEEZED OR PAYING MORE
THAN THEIR FAIR SHARE OF
ANYTHING. LET'S LOOK AT IT ONE
MORE WAY.... "