Anyone who’s been paying attention to the state of union membership in the United States knows that unions have seen a tremendous decline since the 1960s. Whether you’re for or against them, taking a look at the chart below there can be no doubt that unions are rapidly becoming a disappearing facet of American working life.
As union membership has fallen, so too has the ability of the working-class to negotiate competitive wages. The result is that with the dramatic decline of unions we have seen an equally dramatic increase of income inequality, with the richest one-tenth of one-percent of Americans now owning as much wealth as the bottom ninety-percent combined.
The result is extreme wealth inequality, which as we shall see is unhealthy and unsustainable for our economy and our democracy.