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The plight of labor: American Dream becomes a nightmare
Sep 3rd, 2013 by Warren Swil

Campaign finance ‘bribery’

at root of wealth inequality

Thomas E. Perez, just over a month on the job as Secretary of Labor. He was sworn in on July 23. Click image to enlarge.

WITH MONDAY BEING Labor Day in the U.S., our thoughts – and those of op-ed columnists ­– naturally have turned to the plight of American workers.
The timing of the nationwide strikes against fast food outlets last week was probably no accident. Fast-food eatery workers toil, in many cases, for the federal minimum wage of $7.25 per hour; an annual income, assuming a 40-hour workweek of $15,080.
According to the U.S. Census Bureau this is a grand total of $120 per year above the poverty threshold for a two-person household.
The minimum wage has not been adjusted since 2009, according to the Department of Labor.
As the purchasing power of the minimum wage has declined over time, the American Dream of rising prosperity for everyone is falling further and further out of reach for millions.


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