Labor Day is traditionally a time to honor workers and their invaluable contributions. But this year, it’s also a time to recognize the fact that American workers are under attack from the Trump administration, Republicans in Congress, and the billionaire donor class that owns these politicians. This Labor Day is an opportunity to join together and make plans to fight back.
The attack is not new, but it is escalating. Government policies, including deregulating Wall Street, cutting taxes on the rich, privatizing prisons and other government functions, busting unions, and suppressing wages by refusing to raise the minimum wage to a living wage, have had their destructive impact. In the last four decades, America’s income growth has gone overwhelmingly to the wealthiest 1 percent.
It hasn’t always been this way: From 1950 to 1973, wages rose along with productivity. Since 1973, the productivity of American workers has continued to steadily increase. But those at the top have pocketed the wealth created by that productivity while workers’ wages have stagnated or declined.