In recent years, we have heard about wealth inequality and a subset of income or wage inequality. Left-wing economists and think tanks have provided measurable evidence of decades-long trends toward wealth inequality, most of which fuel the democratic Party’s left-wing political activity. The Urban Institute published an example of this type of data and showed how families at the peak of wealth distribution in 1963 had six times the average family wealth, while wealthy families had 12 times the average family wealth in 2016.
Today, the Covid-19 epidemic brutally reveals what could reasonably be considered another economic affliction for those at the bottom of the wealth spectrum. Many major frontline workers, such as cleaners, supermarket workers, health workers and day care workers, are those who have jobs that cannot be done via zoom, email and landline, and are at higher risk of contracting THE VIRUS because of their demand for private customers. This increased risk, along with the low wages of workers who provide the services we all need in these difficult times, reinforces the argument that this group deserves more respect and economic weight.
It’s hard to ignore the extent to which the slump in trade unions is closely linked to rising wealth inequality. Many believe that the relationships we see are not just causal. The loss of the collective voice of the working class as a result of the longstanding chorus of anti-Cynicism not only diminished their political influence, but also reduced their standard of living. The argument for income inequality now goes beyond mere statements backed by longitudinal data and graphs to make it a fundamental problem of fairness for basic workers, especially in the case of a national emergency.
Perhaps it’s time to talk about structural reforms that benefit the working class. The main goal is to divert the economic system so that everyone, wherever they live in wealth, can live in good health and safety while contributing to the common well-being of the country. This means revising and improving macroeconomic standards for compensation, health care, the environment, safety regulations, family-friendly working hours, migration, workplace complaints and race relations. Increased power of low-income stakeholders should not be seen as redistribution of zero numbers, just to rebalance the ledger, but by restoring and revitalizing the unified voice of workers, global prosperity is improving and democracy is strengthening. People in the lower middle class of the economy are also spending money. And many.
Working together to promote one’s economic interests is widespread among Nants. The Chamber of Commerce, trade associations, and national business organizations respond to this need for entrepreneurs and managers. Why don’t workers have the opportunity to make political decisions through teamwork? Unions play this role. Much of the worker protection and social protection now enshrined in the law we enjoy today has begun as a union initiative. Social security, child labor laws, anti-discrimination laws, labor safety laws, unemployment insurance, the minimum wage, a 40-hour work week and the workers’ wage law are just some of the common benefits now that unions – supporting and championing these standards.