In the last 30 years, CEOs have gone from being well-paid (more than 40 times the pay of everyday workers) to being ridiculously enriched. CEO compensation now averages hundreds of times the pay of regular working people.
Is it worth it? To their companies and shareholders? To their industry and the economy? To the country?
The recent release of a government report regarding the numbers and percentages of U.S. employees belonging to unions or working where unions represent them made headlines but most newscasts or stories lacked context. It’s an occasion for a statistical “status report.”
The percentage of the U.S. labor force belonging to unions fell 0.5% from 2011 to 2012, according to the Department of Labor’s Bureau of Labor Statistics (BLS). The drop went from 11.8% to 11.3% – from 14.8 million to 14.4 million Americans.
As tempting as it is to blame a U.S. President for insufficient job growth – whether Barack Obama or George W. Bush – jobs come from employers, not politicians. Sure, White House leadership is important, ideas from the executive branch should spur government action to help businesses hire, and a president sets an administration’s tone. But presidents can’t exclusively take the blame – or the credit – for jobs.
As preparations are finalized for the Democratic and GOP National Conventions, some labor unions and their progressive allies have decided to host a rallying event of their own in Philadelphia to “refocus the national political debate on economic opportunity and middle class rights.”
That’s news to too many Americans.
A “Workers Stand for America” rally is scheduled to occur next Saturday, August 11, when working people from all walks of life, union and non-union alike, will come together to have their voices heard during the election campaign.