The Challenge in Closing the Gap Between Rich and Poor

Since my college days almost 50 years ago, I’ve believed that the United States is experiencing the unsustainable end game of unbridled capitalism, i.e., that we were seeing winners win and the losers lose.

I graduated in 1977, just before the base year of the comparison in wages between CEOs and workers, shown at left.  As is apparent, things have only gotten worse since then.

Moreover, workers are becoming unnecessary in most industries, as automation replaces human labor.  This is why union busting today is like shooting fish in a barrel: workers have no leverage, and nowhere to go.