@Ramafuchs,
Now let me compare the status of wage earners in another country namely USA.
Here is one from WP
"But over the past 35 years, the typical American household has managed to eke out only a 15 percent increase in its pretax income. During that same period, the productivity of the American worker -- the value of the goods and services produced per hour worked -- has increased by 90 percent.
So where did all that money go?
To some degree, it went to the stock and bond holders who invested capital in the new equipment and technology that made those workers more productive. You'd expect that from a well-functioning capitalist economy.
What you wouldn't expect is that the rest of the income gains would go disproportionately to the households at the top of the income scale. According to data compiled by the Congressional Budget Office, in recent decades the top 10 percent of households have taken an ever-increasing share of the national income, at the expense of everybody else.
It would be neat if we could blame this upward redistribution on the economic policies of Ronald Reagan or George W. Bush, but for the fact that the trend lines also take in the Carter and Clinton administrations. Moreover, while more pronounced in the United States, there has been a similar trend elsewhere, including in countries with more egalitarian business environments such as Sweden and France.
Up to now, Republicans have tried to ignore the inconvenient truth about increasing inequality. Their first line of defense is to argue that in an economy with as much income mobility as ours, what matters is equality of opportunity, not equality of outcomes -- and then mumble something about more money for community colleges and No Child Left Behind. When that doesn't quite do it, they trot out their all-purpose solution -- the tax cut -- which does little to address the underlying disease but at least offers the salve of letting everyone keep a little more of what they earn. For the past eight years, that was pretty much the Bush administration's strategy. Now it seems to have been Xeroxed into the playbook of John McCain.
http://www.washingtonpost.com/wp-dyn/content/article/2008/08/26/AR2008082603176.html?hpid=topnews