The income gap in this country is growing larger and those in the lower income brackets are dealing with increasing challenges and stress.
The wage difference between corporate executives and workers has increased dramatically. In addition, the gap between executive compensation in the United States far exceeds that of executive compensation in other countries. Why should that be acceptable?
We need to be more mindful about merger outcomes as well as address market concentration and those that have excessive power. Most certainly we should create an environment where large corporations think twice before taking actions that hurt workers or the environment.
It used to be that as workers’ productivity increased, their salaries would increase. No longer; productivity is increasing, but salaries are stagnant. Why?
If you recall, the time when our country had a large middle class that was able to participate in the success of the economy was also when the unions exercised more power.
The huge burden caused by excessive student debt also needs to be addressed.
If we believe people are our most important resource, shouldn’t we make sure all our citizens have access to good health care? Other countries seem to be able to do this, and yet they pay less for health care then we do and have better outcomes.
Some suggestions to bring relief from these problems could include closing tax loopholes. Taxpayers should not have to subsidize excessive compensation for corporate executives. These and other practices that rig the economy so that only a few benefit needs to stop. We need to reverse the runaway inequality.