Here’s what the Occupy Wall Street protesters are angry about

via Business Insider

1. Unemployment is at the highest level since the Great Depression (with the exception of a brief blip in the early 1980s).

2. At the same time, corporate profits are at an all-time high, both in absolute dollars and as a share of the economy.

3. Wages as a percent of the economy are at an all-time low. In other words, corporate profits are at an all-time high, in part, because corporations are paying less of their revenue to employees than they ever have. There are lots of reasons for this, many of which are not the fault of the corporations. (It’s a global economy now, and 2-3 billion new low-cost employees in China, India, et al, have recently entered the global workforce. This is putting pressure on wages the world over.)

4. Income and wealth inequality in the US economy is near an all-time high: The owners of the country’s assets (capital) are winning, everyone else (labor) is losing.

The United States is one of the most unequal developed countries in the world.  We can’t continue this way, and the Occupy Wall Street protesters are marching GLOBALLY to bring attention to the problems we’re facing because of the greed of the top 2% and the policies that enable them.

3 thoughts on “Here’s what the Occupy Wall Street protesters are angry about

  1. Clearly what we need to do is eliminate the minimum wage, child labor laws, environmental protections, social security, medicare, food stamps, unemployment, public education and taxes on corporations.

    Then, and only then, can we truly compete with third world countries for jobs, for then, and only then, will our standards of living be truly equal.

    Now, if we wish to not only compete with third world countries, but dominate them, all we have to do is repeal the 13th Amendment! Just think, children would no longer be a drain on a family’s resources but a valuable commodity!

  2. This is the short version– they did a longer version yesterday, which is linked to the article.

    And this is a BUSINESS magazine!! Further down the home page, they have a glowing headline for Herman “I don’t know what I’m talking about, but you shouldn’t care” Cain, of all people. This is like Forbes or the WSJ saying, “You know, these OWS people have a really good point here.”

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