Wage Stagnation, Growing Insecurity, and the Future of the U.S. Working Class


	Wage Stagnation, Growing Insecurity, and the Future of the U.S. Working Class

RayWatkins

8-16-2007 11:13 AM

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class, economics, american, education

RayWatkins says:

Wage Stagnation, Growing Insecurity, and the Future of the U.S. Working Class
by William K. Tabb

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/2ac83fa4-6806-43fb-a7ca-4853fc442efb/0E4437A9-165C-4E8D-A6B7-21FEB07D6957/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.monthlyreview.org/0607wkt.htm" href="http://www.monthlyreview.org/0607wkt.htm" style="font-size: 11px;">www.monthlyreview.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.monthlyreview.org/0607wkt.htm">The most important promises used to justify capitalism are that your 
  children will have a better life than you do, and in President Kennedy’s 
  famous words, “a rising tide lifts all boats,” meaning everyone benefits 
  from the accumulation of capital. These promises ring hollow in a period 
  in which the relative position of the working people of the United 
  States is declining and its ruling class is able to appropriate an increasing 
  share of the national income. This pattern of accumulation and appropriation 
  has become evident to many Americans and this awareness 
  is beginning to affect political consciousness.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/0E4437A9-165C-4E8D-A6B7-21FEB07D6957/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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