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Take a look at what’s happening to working families

Explore the growing income inequality, declining wages, and socioeconomic disparities faced by working families in the US. Learn about the impact on various demographics and the need for change.

danieljgeorge
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Take a look at what’s happening to working families

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  1. Take a look at what’s happening to working families

  2. 2001-07:All income gains went to top 10% Economic Injustice

  3. 2001-07:Productivity Up 20% Median Family Income and Wages Down Economic Injustice

  4. 1949-1979:Average wages up 75% Economic Injustice

  5. 1979 to today:Average wages up 2% Economic Injustice

  6. Economic Injustice African-Americans make 76% of white wages, declining

  7. Economic Injustice Latinos make 79% of white wages, declining

  8. Economic Injustice Women earn 72.7% as much as men, declining

  9. 53%no pension Economic Injustice

  10. Economic Injustice Average Social Security… $900/month

  11. Economic Injustice 47 milliondon’t have health insurance

  12. 2005:300,000 richest Americans had as much income as150,000,000 taxpayers

  13. Social Injustice In 2003, over 2,000,000 in prison

  14. Social Injustice 40.6% of prisoner population isAfrican-American

  15. Social Injustice 12% of African-American males in their 20’s and 30’s in prison. (1.8% of white males.)

  16. Social Injustice More prisoners than any other country in the world. More than Russia, China, Iraq, North Korea.

  17. Social Injustice Nearly 11 million workers have no legal status.

  18. Declining Bargaining Power

  19. Productivity and Income Gap Widens Dramatically, 2000-2005

  20. Corporate Profits Booming… Pre Tax Profits (Billions)

  21. Japan 11x Great Britain 24x South Korea 8x Canada 20x Germany 13x Australia 22x France 15x Brazil 49x CEO Pay vs. Worker Pay

  22. UP CEO Pay Average CEO pay now over 411 timesaverage worker

  23. in last 5 years up 110%

  24. CEO Hall of Shame Total Compensation, 2005:$156 MillionSalary: $500,000Bonus: 3,250,000Other: 1,413,000Stock Options: 151,005,000 Barry DillerInterActiveCorp (owns Ask.com, LendingTree, HSN, Match.com, Ticketmaster)

  25. CEO Hall of Shame Average Compensation 2000-2006:$19.8 million / yearDiamond Parachute:$210 Million Robert NardelliHome Depot

  26. CEO Hall of Shame • $734 million stock sale • $47 billion lost, $1.1 billion from public funds our members in Ohio, New York and other states • House with 25 bedrooms, 6 kitchens, 30 bathrooms Gary Winnick Global Crossing

  27. Jack Welch $900 million wealth $9 million annual pension payments Oops! (then the divorce happened) $80k/month Central Park apartment Free use of the corporate jet ($3 million/year) VIP tickets opera, Wimbledon, Yankees, Red Sox Security services at 4 homes (GE spent $7.5M) 4 country club memberships and fees Good Times for CEOs

  28. And Then There’s Jane • Jane Welch • Monthly budget… $126,820 • Clothing… $7,500 • Jewelry… $10,360 • Travel… $20,000 • Petty Cash… $5,000 • Wine… $8,260

  29. Why in the World IsThis Happening? There’s no religious explanation It’s not just There’s no rational explanation It’s not fair

  30. Losing union strength

  31. Union Density Today • Density down to 12% • 7.5% private sector • One third of all union members are in California, New York and Illinois • One half of all union members are in 6 states – California, New York, Illinois, Michigan, Ohio and Pennsylvania

  32. Top 1% Doubles Income

  33. Union Difference:Barack Obama Union Gap = 41% Source: Hart Research 11/08, CNN Exit Polls 11/08

  34. Union Difference:Barack Obama Union Gap = 34% Source: Hart Research 11/08, CNN Exit Polls 11/08

  35. Union Difference:Barack Obama Union Gap = 41% Source: Hart Research 11/08, CNN Exit Polls 11/08

  36. Union Difference:Barack Obama Union Gap = 54% Source: Hart Research 11/08, CNN Exit Polls 11/08

  37. Union Difference:Barack Obama Union Gap = 41% Source: Hart Research 11/08, CNN Exit Polls 11/08

  38. Union Difference:Barack Obama Union Gap = 35% Source: Hart Research 11/08, CNN Exit Polls 11/08

  39. Union Difference:Barack Obama Union Gap = 37% Source: Hart Research 11/08, CNN Exit Polls 11/08

  40. Union Difference:Barack Obama Union Gap = 51% Source: Hart Research 11/08, CNN Exit Polls 11/08

  41. Union Voters Made The Difference For Senate Democrats in 2008 Source: Hart Research 11/08, CNN Exit Polls 11/08

  42. 1964: Union Density = 29.3% 68 Dem Sens 295 Dem Reps - Medicare - Civil Rights - Great Society - Voting Rights - Public education 0% to 9% 10% to 20% 21% to 30% 31% + Source: Unionstats.com

  43. 1974: Union Density = 26.2% 57 Dem Sens 240 Dem Reps - ERISA - End to Vietnam - Environment - Title IX 0% to 9% 10% to 20% 21% to 30% 31% + Source: Unionstats.com

  44. 1984: Union Density = 19.1% 53 Dem Sens 253 Dem Reps - Kemp-Roth tax cuts - “Free” trade - Deregulation - S & L collapse - Trickle down economics 0% to 9% 10% to 20% 21% to 30% 31% + Source: Unionstats.com

  45. 1994: Union Density = 15.7% • 46 Dem Sens • 204 Dem Reps • Republican Revolution • NAFTA • Defeat of Universal Health Care • Welfare Reform 0% to 9% 10% to 20% 21% to 30% 31% + Source: Unionstats.com

  46. 2004: Union Density = 12.6% • 45 Dem Sens • 201 Dem Reps • Tax cuts • Corruption • Medicaid cuts • Global warming • Defund programs • “Right to Work” • Bankruptcy • Tort reform • and on, and on 0% to 9% 10% to 20% 21% to 30% 31% + Source: Unionstats.com

  47. 2014*: Union Density = 8.5% • Higher • unemployment • No universal • health care • No immigration • reform • Global warming • Loss of seats in • redistricting • Fewer elected • Democrats 0% to 9% 10% to 20% 21% to 30% 31% + Source: Unionstats.com Notes: Between 1964-2004, Union density declined an average of 4.125% per decade

  48. 2024*: Union Density = 4.3% • Even higher • unemployment • Still no • universal • health care • Still no • immigration • reform • Global warming • out of control • More seats lost • In redistricting • Even fewer • elected • Democrats 0% to 9% 10% to 20% 21% to 30% 31% + Source: Unionstats.com Notes: Between 1964-2004, Union density declined an average of 4.125% per decade

  49. TOTALEMPLOYEES UNIONMEMBERSHIP % Private vs. Public Density Private Sector 2002 102,153 8,452 8.6% 2003 102,648 8,435 8.2% Public Sector 2002 19,673 7,346 37.3% 2003 19,710 7,324 37.2%

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