We've all heard of CEOs who fail. The company and the CEO come to an agreement and the CEO steps down. Notice I didn't write that the company fires the CEO. The reason I didn't write that is the same reason why CEOs who have failed walk away with severance packages that are worth more than most workers will receive in a life time. The reason is that CEOs do exactly what they work so hard to prevent workers from doing, they sign employment contracts!
Wages for working men and women have stagnated while pay and bonuses for CEOs have sky-rocketed.
In a study conducted in 2001, it was discovered that 20% of Americans own 84% of America's wealth. This means that the 80% of the population owns the remaining 16% of the wealth..
In almost every form of governance, including any government headed up by Libertarians, there would inevitably be some socialism. If the government controls even a minimal army, that army is socialized. Nonetheless, Americans fear the word "socialism" as much as a cow fears the word "rib-eye". Even those who consider themselves "left of center" debate those who call Obama a socialist by insisting he's not a socialist. Another, truer, more courageous response would be, "There are socialist planks in his platform." They run from the word instead of admitting that The US has for its entire existence been a socialist society to some degree.
However, Americans will never allow the US to be called a socialist democracy, even though socialist democracies seem to work as well as, if not better than most other forms of governing. Consequently, The Employee Free Choice Act may be the last chance unions will get to fortify the American worker and ensure that worker is compensated with a living wage.
