The average American wage today ($22.65/hour) is less than it was in January 1973 ($23.68/hour) when adjusted for inflation. Over these last 45 years, productivity – the amount we produce per hour as workers – is up 217%. But our wages remain flat.
By Howie Hawkins. BROOKLYN (Workers World Today) – I’m a Teamster who had his pension cut 20% with the approval of the U.S Treasury Department just before I retired. Existing retirees were cut 30%. These cuts were made by a bipartisan act of Congress in 2014 that removed the guarantee in the 1974 Employment Retirement Income […]