American equality? That's rich
BY LENORE SKENAZY
New York Daily News
(KRT) - America is the land of opportunity. Granted. But the opportunity for what?
Well, if you're rich, there's a whole lot of opportunity to stay rich. And if you're poor, you have plenty of opportunity to pass that hard life on to your kids. That's because, among the top 11 developed countries - France, Germany, Japan, etc. - America now ranks as the most unequal, in terms of wealth. In jolly old class-stratified England, for example, the top 1 percent of Brits own 18 percent of the wealth. In America that top percent owns a whopping 33 percent.
Even worse than this income disparity is that the American dream is dying: Our country is now second to last (thank goodness for Canada) in terms of its poor people ever escaping from poverty.
http://www.fortwayne.com/mld/newssentinel/news/editorial/8693386.htm
My question is this. Is there any way to stop this trend?
Due to a more global economy, companies are having to compete much more. While they try cost-cutting measures such as longer work weeks, cheaper benefits, less pay, and less vacation time for their workers, the CEO's salaries just keep rising.
What can be done?