If too political, then I apologize and ask the moderator to remove.
Ernie
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The Wall Street Journal
November 15, 2006 Wednesday
Pg. A18
American Workers Have a Chance To Be Heard
By Jim Webb
The most important -- and unfortunately the least
debated -- issue
in politics today is our society's steady drift toward
a class-based
system, the likes of which we have not seen since the
19th century.
America's top tier has grown infinitely richer and
more removed over
the past 25 years. It is not unfair to say that they
are literally
living in a different country. Few among them send
their children to
public schools; fewer still send their loved ones to
fight our wars.
They own most of our stocks, making the stock market
an unreliable
indicator of the economic health of working people.
The top 1% now
takes in an astounding 16% of national income, up from
8% in 1980.
The tax codes protect them, just as they protect
corporate America,
through a vast system of loopholes.
Incestuous corporate boards regularly approve
compensation packages
for chief executives and others that are out of
logic's range. As
this newspaper has reported, the average CEO of a
sizeable
corporation makes more than $10 million a year, while
the minimum
wage for workers amounts to about $10,000 a year, and
has not been
raised in nearly a decade. When I graduated from
college in the
1960s, the average CEO made 20 times what the average
worker made.
Today, that CEO makes 400 times as much.
In the age of globalization and outsourcing, and with
a vast
underground labor pool from illegal immigration, the
average
American worker is seeing a different life and a
troubling future.
Trickle-down economics didn't happen. Despite the
vaunted all-time
highs of the stock market, wages and salaries are at
all-time lows
as a percentage of the national wealth. At the same
time, medical
costs have risen 73% in the last six years alone. Half
of that
increase comes from wage-earners' pockets rather than
from
insurance, and 47 million Americans have no medical
insurance at
all.
Manufacturing jobs are disappearing. Many earned
pension programs
have collapsed in the wake of corporate
"reorganization." And
workers' ability to negotiate their futures has been
eviscerated by
the twin threats of modern corporate America: If they
complain too
loudly, their jobs might either be outsourced overseas
or given to
illegal immigrants.
This ever-widening divide is too often ignored or
downplayed by its
beneficiaries. A sense of entitlement has set in among
elites,
bordering on hubris. When I raised this issue with
corporate leaders
during the recent political campaign, I was met
repeatedly with
denials, and, from some, an overt lack of concern for
those who are
falling behind. A troubling arrogance is in the air
among the
nation's most fortunate. Some shrug off large-scale
economic and
social dislocations as the inevitable byproducts of
the "rough road
of capitalism." Others claim that it's the fault of
the worker or
the public education system, that the average American
is simply not
up to the international challenge, that our education
system fails
us, or that our workers have become spoiled by old
notions of
corporate paternalism.
Still others have gone so far as to argue that these
divisions are
the natural results of a competitive society.
Furthermore, an
unspoken insinuation seems to be inundating our
national debate:
Certain immigrant groups have the "right genetics" and
thus are
natural entrants to the "overclass," while others, as
well as those
who come from stock that has been here for 200 years
and have not
made it to the top, simply don't possess the necessary
attributes.
Most Americans reject such notions. But the true
challenge is for
everyone to understand that the current economic
divisions in
society are harmful to our future. It should be the
first order of
business for the new Congress to begin addressing
these divisions,
and to work to bring true fairness back to economic
life. Workers
already understand this, as they see stagnant wages
and disappearing
jobs.
America's elites need to understand this reality in
terms of their
own self-interest. A recent survey in the Economist
warned that
globalization was affecting the U.S. differently than
other "First
World" nations, and that white-collar jobs were in as
much danger as
the blue-collar positions which have thus far been
ravaged by
outsourcing and illegal immigration. That survey then
warned
that "unless a solution is found to sluggish real
wages and rising
inequality, there is a serious risk of a protectionist
backlash" in
America that would take us away from what they view to
be
the "biggest economic stimulus in world history."
More troubling is this: If it remains unchecked, this
bifurcation of
opportunities and advantages along class lines has the
potential to
bring a period of political unrest. Up to now, most
American workers
have simply been worried about their job prospects.
Once they
understand that there are (and were) clear
alternatives to the
policies that have dislocated careers and altered
futures, they will
demand more accountability from the leaders who have
failed to
protect their interests. The "Wal-Marting" of cheap
consumer
products brought in from places like China, and the
easy money from
low-interest home mortgage refinancing, have softened
the blows in
recent years. But the balance point is tipping in both
cases, away
from the consumer and away from our national interest.
The politics of the Karl Rove era were designed to
distract and
divide the very people who would ordinarily be
rebelling against the
deterioration of their way of life. Working Americans
have been
repeatedly seduced at the polls by emotional issues
such as the
predictable mantra of "God, guns, gays, abortion and
the flag" while
their way of life shifted ineluctably beneath their
feet. But this
election cycle showed an electorate that intends to
hold government
leaders accountable for allowing every American a fair
opportunity
to succeed.
With this new Congress, and heading into an important
presidential
election in 2008, American workers have a chance to be
heard in ways
that have eluded them for more than a decade. Nothing
is more
important for the health of our society than to grant
them the
validity of their concerns. And our government leaders
have no
greater duty than to confront the growing unfairness
in this age of
globalization.