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Michael Podhorzer@mikepod.bsky.social |
Now looking at wealth: the wealth gap between the two groups was smaller in Europe than in the US in 1995, and this gap widened more since in the US. In the last 30 years, the bottom half of the wealth distribution in the US hasn’t gained any wealth, and was often in debt.
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Michael Podhorzer
@mikepod.bsky.social
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Attacks on US unions by corporations and their political allies have played an essential role in this divergence. The chart below shows how the adoption of the Wagner Act in 1935 rapidly ameliorated inequality, and how that inequality has returned as unions have been eroded.
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