CNN – Lou Dobbs
The rich are reaping financial benefits in this economy that are disproportionate to what is happening to our middle class, who are being pressured to work for lower wages.
New data shows that the top 1 percent of Americans are now 400 times richer than average Americans. Bob Greenstein of the Center on Budget and Policy Priorities said: “We have not seen these kinds of gaps since before the Great Depression. We have now had two years in a row in which we had huge income gains at the top, and people in the middle and below did not share.”
Watchdog groups say big corporate chains like Wal-Mart and Circuit City make an effort to squeeze out older, long-term workers, who cost the company more in wages and health care. All of this is especially outrageous at a time when the CEOs of Wal-Mart and Circuit City are compensated in millions of dollars…. Watch Video…
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