Friday, September 19, 2008

I find this time so straining. I just read the Pax Christi newsletter, and found this profoundly disturbing piece of news:
1% of the population owns 33% of the wealth. The bottom 90 % of Americans split 30% of the wealth. In spite of a 20% rise in productivity since 2001, only 2% real wage increase. CEO ratio to worker's wage was 431/1 in 2006. Not since 1890 has there been such a split between rich and poor, with a shrinking middle class. ( quoted from John Rausch) As many as 58% of Americans would like to belong to a union, but the employers have made it impossible for most work-places to get union protections in place.

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