Download - Occupy Wall Street II
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What the Occupy Wall Street
Protestors are so Upset About
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Substantiating data shown after each of the following
fact statement slides
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Three years after the financial crisis, the unemployment rate, except for a brief blip in the early 1980s, is still at the highest level since the Great Depression .
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Jobs are scarce, so many adults have given up looking for them. Thus, there has been a sharp decline in the "participation ratio."
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A record percentage of un-employed people have been unemployed for longer than 6 months.
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The median duration of all un-employment is also near an all-time high.
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The 9% unemployment rate equates to 14 million Americans — people who want to work but can't find jobs.
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To the unemployed, add people working part-time who want to work full-time, people who have given up looking for a job, and the 9% becomes 17%.
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Put differently, this is the lowest percentage of Americans with jobs since the early 1980s.
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Despite the high unemploy-ment, corporate profits just hit an all-time high.
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Corporate profits, as a percent of the economy, are higher than they've been since the 1950s. And they are VASTLY higher than they've been for over half a century.
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CEO pay is now 350 times the average worker's -- up from about 50 times from 1960-1985.
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CEO pay has increased 300% since 1990. Corporate profits have doubled. Average "production worker" pay has increased 4%.
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After adjusting for inflation, average hourly earnings haven't increased in 50 years.
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Source: Bureau of Labor Statistics. Average Hourly Earnings in 1982 dollars (adjusted for inflation with CPI-U).
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While CEOs and shareholders have been cashing-in, wages as a percent of the economy have dropped to an all-time low.
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The United States is the 93d worst country in the world in terms of income inequity (only selected countries shown here).
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Despite these facts, some in Congress want to
continue conditions that have caused the disparity,
some of which are:
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•Deregulation of financials•A tax code that favors the wealthy•Media censorship of the news•Lobbying of Congress•Subsidies and tax loop holes for corporations•Gerrymandering•Skyrocketing costs for health care and education
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Social and economic equity (fairness).
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Social and economic equity (fairness).
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Enough is Enough!It’s Time for a New New
Deal.