Union President Van Roekel: Top 1 Percent's Wages Have Gone Up 275 Percent
While continuing their conversation about whether government workers' salaries and whether the states can afford to be making good on their pension funds or not when a lot of them are facing huge problems with their budgets, AFL-CIO deputy chief of staff Thea Lee made the point that there's no reason we should not be raising taxes on the wealthiest among us who can afford it rather than cutting services or going after workers' pension funds.
And as NEA president Dennis Van Roekel noted in the follow up to Fox's Chris Wallace, it's not your average worker out there that's a problem when it comes to who is being overpaid:
VAN ROEKEL: You know, the last 29 years, productivity up 80 percent, hourly wages up eight. The lowest one-fifth, their wages up 18 percent. But the top one percent, their wages go up 275 percent.
We have got to find a way to lift all citizens, not just a few. Not a 1 percent, not just the wealthy few.
He's right of course, but it's a message I'm sure Fox would prefer most of their viewers don't hear too often. CEO pay and executive compensation have been out of whack compared to average your average worker's salary for decades now, but as soon as anyone says we should do something about it, Republicans start screaming about "class warfare," as though most people aren't aware of who it's actually being waged on.
Full transcript below the fold.
