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.

Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

payment methods

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