Upward mobility has been the ladder to success that allowed attainment of the American Dream. These ladder rungs are now stretched further apart. It’s far more difficult to get from one rung to the next.
The last best upward mobility occurred after World War II. From the ’50s to ’70s, we experienced American greatness with workers making Made in America quality products that were the envy of the world. The average CEO earned a reasonable 50 times the average employees wage.
Today, stifled upward mobility allows CEOs to make more than 350 times the average workers wage. For decades, tax benefits have been given to the wealthy which allowed them more than 300 percent increases in wealth, while average workers got about 5 percent.
Republicans want to increase the distance between the rungs even further with their destructive budgets plans. These plans call for the least wealthy to pay the most through spending cuts while the rich are left without paying their fair share.
Republicans won’t even agree to a decent minimum wage that would boost the economy and allow workers to support their families.
This unequal capability of wealth attainment must be ended. The ladder rungs must get closer together to level the playing field.