Robert ReichThis 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.
CheekyBadger☭@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.