Fact of the Day: The Demise of Labor Unions Has Cost You a Bundle

Today will bring both paeans to the labor movement that used to be and sorrowful laments to the labor movement that’s nearly extinct today. But really, the entire story can be boiled down to a single chart:

If union density and income share had remained at their level of 50 years ago—before Reaganomics put an end to all that—working class households would be earning $10,000 more than they do now and middle-class households would be earning $15-20,000 more. That’s real money.

Instead it’s all been hoovered up by the top ten percent—and especially the top 1 percent—and there’s been no countervailing power big enough and powerful enough to keep the rich from taking it. And that’s just the way they like it.

THE TRUTH...

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THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

payment methods

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