Shocking Statistics on the Rising Cost of Living in the US - Richard Wolff

"The wages per hour is what the employer gives the employee. The productivity per hour is what the employee gives to the employer. If what the workers gave the employer rose by 72 percent, whereas what the employer gave the worker on average rose by 17 percent over 40 years, there's your explanation for why there's great inequality in the United States."

This is a clip from Economic Update: [S11 E26] The Challenge of Progressive Unionism
Watch the full episode:    • Economic Update: The Challenge of Pro...  

______________________________________________________________________________________
We make it a point to provide the show free of ads. Please consider supporting our work.

Become an EU patron on Patreon:   / economicupdate  
Become a monthly donor via our website: https://www.democracyatwork.info/donate
_______________________________________________________________________________________
Learn more about d@w's NEW BOOK by award-winning print and broadcast journalist Robert "Bob" Hennelly.
Stuck Nation: Can the United States Change Course on Our History of Choosing Profits Over People?
www.democracyatwork.info/books

“Hennelly brilliantly analyzes our capitalist crises and how individuals cope with them, tragically but often heroically. He helps us draw inspiration and realistic hope from how courageous Americans are facing and fixing a stuck nation.”
- Richard D. Wolff

Check out Prof. Wolff's other books: "The Sickness is the System," "Understanding Socialism," and "Understanding Marxism"
http://www.lulu.com/spotlight/democra...
_________________________________________________________________________________________
Want to help us translate and transcribe our videos?
Learn about joining our translation team: http://bit.ly/2J2uIHH
Jump right in: http://bit.ly/2J3bEZR

Follow us ONLINE:
Patreon:   / economicupdate  
Websites: http://www.democracyatwork.info/econo...
http://www.rdwolff.com
Facebook:   / economicupdate  
  / richarddwolff  
  / democracyatwrk  
Twitter:   / profwolff  
  / democracyatwrk  
Instagram:   / democracyatwrk  
Subscribe to our podcast: http://economicupdate.libsyn.com
Shop our Store: http://bit.ly/2JkxIfy