ro…phrase ALICE is underwhelming, inadequate — it fails to really get to the root of the problem here. If the majority of people in a rich society are poor now…even though they’re “employed”…then clearly the problem isn’t the people…it’s the system.
In 1978, the average CEO made 30x the average worker wage. From 1978 to 2013, CEO compensation increased 937% while worker compensation increased 10.2% in the same period.
According to the Economic Policy Institute, CEO salaries are rising 70% faster than the rise in the stock market.
The system needs better checks and balances. A cap on CEO wages would be a good start. Not a dollar value cap, but a ratio cap. ie; the ceo of any corporation may not earn more than 35x the lowest paid wage in the company.
Or, the wages must increase proportionately. If CEO wages go up 10%, wages go up 10% across the board.
The people in the top 10% wouldn’t like it much, but the benefit to the 90% outweigh their need for a 3rd vacation home or another private jet.
Problem is, the solution starts with how everyone votes and too many people are voting that a rich man gives a shit about their needs. People need to wake up and vote for the better good of all, not the candidate who hates the same people they do.