Another year, another wage loss

[wordsmythe]

http://www.boston.com/news/globe/edi...her_wage_loss/

LABOR DAY was created by the machinists union in New York in 1882 as a ``workingmen's holiday." Unions all over America adopted the idea. By 1894, Congress passed legislation making Labor Day an official holiday. The day also celebrated the act of organizing, politically and in the workplace, to improve livelihoods and lives.

Today, the politics have largely been leached out of it. Labor Day is a long weekend that marks summer's end.

And that extra day of rest is needed more than ever. Government statistics show that the typical family works about 500 more hours a year than families did 30 years ago, because it takes two incomes to make it. Even so, family incomes are failing to keep pace with the cost of living.

This past week, these items have been in the news:

The Census Bureau reported that median incomes for working-age families were down again, for the fifth straight year. Real median income for households under age 65 is down by 5.4 percent since 2000, even though the economy has grown every year. All of that gain has gone to upper-bracket people and corporate profits.

The story continues on the link.

[K C Muffin]

Interesting read - I knew there was a reason I was tired more often than before!!!!!