This is an important graph. The share of national income going to the richest 10 percent was lowest (and share to lower 90 percent highest) when union membership was at its highest. As unions have weakened, inequality has widened. It's not about economics. It's about power.
@rbreich What is economics if not power?
@rbreich this is all you need to know about how capitalism works, and all that capitalism is; theft
@rbreich
There is a reason that management always fights tooth-and-nail against unionizing - they want to keep increasing THEIR income at the workers' expense
@rbreich @shansterable Another for the thread! 😆 Needs Ronnie's face on it.
@rbreich Nothing surprising here but good to see it in black and white.
@rbreich economics is about power
@rbreich @rysiek actually it looks like it really started to be a split around 1980… when did Reagan become president again? :(
@rbreich which country is this figure for?
Please add alt text so blind readers can know what you're talking about.
@rbreich really interesting, thanks 👍
It can't be said enough how effect unions are at reducing wealth inequality. Not only that, but benefits in wider society that we now take for granted, things like Maternity leave and a 5 day working week. To give a UK and EU perspective, the first two charts show how decreases in strike action maps onto and increase in wealth for the top 1%. The others show clearly how countries reduced collective bargain coverage increases wealth at the top. Remember comrades, capital works in the interest of capital, wich is to concentrate itself in those who's class controls it.
@rbreich Then when you have a reduction in collective bargaining you can see how the wealth of the top 10% increases #collectiveBargaining #Unions #Strikes #incomeInequality #NovaraMedia

@rbreich “The most common way people give up their power is by thinking they don't have any.” Alice Walker

“Oh, you will eat (you will eat), by and by (by and by)
in that glorious land in the sky! (way up high!)
work and pray (work and pray), live on hay (live on hay),
you'll get pie in the sky when you die!
THAT'S A LIE!” (Utah Phillips)

@rbreich Rogernomics explained in one infographic
@rbreich When was the last time the Democrats passed a federal pro union law?
Asking for underpaid Americans
@rbreich @Gorba
I had to go look for that, and have you considered the PRO act? en.wikipedia.org/wiki/Protecti… The only time anything related to it passes, it's supported by Dems and opposed by Repubs.
Protecting the Right to Organize Act - Wikipedia

@chiasm @rbreich Yes, and it usually fails by one or two votes and the Dems go “oh well we tried nothing we can do” or it gets delayed until the Dems lose the majority and the GOP stop it, weird how it always ends up that way.

@rbreich the dearest dream of the corporatocracy is to return to the days of the Ludlow massacre and regain the power Rockefeller had in those days.

https://www.newyorker.com/business/currency/the-ludlow-massacre-still-matters

The Ludlow Massacre Still Matters

The bloody labor dispute of a hundred years ago continues to reverberate in contemporary political discourse.

The New Yorker
@rbreich Correlation does not imply causation. There are many factors leading to the wealth inequality of today. Unions are only part. Tax policy, deregulation, privatization of many government functions, dismantling of public education, disappearance of pensions, mass incarceration, and so many other things all contribute to the extreme wealth inequality we have today. To imply that we JUST need more people in unions is misleading and dangerous.