Do you make $40,000 a year? Do you feel like you work pretty hard to make what you do? Well the average CEO of a top-ranked company makes your yearly income in less than a single day. If a CEO decides to take a day to do nothing but jerk off and binge watch Fox News, they will earn the equivalent of an entire year of your hard work.
And you know what’s even sadder than that? If you’re making $40,000 a year, then you’re making almost FOUR TIMES what it takes to be considered above the poverty line in the United States. If a CEO is having a particularly diarrhea-rific afternoon, he can make that amount while taking his daily shits. Throughout the day, in the time it takes for one (average!) CEO to unzip his $1,000 business pants, sit on his ivory toilet seat, take a diamond-encrusted crap, and wipe his ass with Louis Vuitton toilet paper, he’ll have earned an entire year’s salary for someone at the poverty line.
Add to that the fact that if you’re at the poverty line in the United States, you’re still richer than almost 85% of the rest of the world. Your income is more than 8 times the global average. Roughly 2.5 billion people in the world survive off less than $2 per day. These 2.5 billion people, one third of the world’s population, earn $730 per year, tops. The average CEO will earn that every 5 minutes.
The state of income inequality in the world is fundamentally immoral and absurd.
After all, a smiling Bell explains, women are only making 77 cents to a man’s dollar. She’s quickly corrected by a Black woman, who only makes 60 cents to the dollar. A Latina woman then reveals she’s only getting 55 cents.
As one of the largest LGBTQI organizations in the country, Los Angeles’ LGBT Center should counter the systems of inequality that have left so many in our communities without financial security and a safe home. Instead, the Center is perpetuating those systems of inequality within its very organizational structure.
The LGBT Center employs hundreds of LGBTQI workers; yet, it pays many of those workers poverty wages. Over half of the Center’s hourly workers are paid less than $15 an hour—salaries so low that these workers qualify for CalFresh food stamps, housing voucher programs, and other forms of public assistance. While staff struggle to make ends meet, the Center’s CEO, Lorri L. Jean pays herself an annual salary of $440,000, and another $60,000 in bonuses—making her one of the highest paid LGBTQ organizational directors in the country.
How can the Center be entrusted to care for our community and advocate for a more fair society when those in charge display a blatant disregard for their own workforce, most of whom are LGBTQI themselves?
What weight does the Center’s equality discourse have when queer folks—especially those who are marginalized by race, class, disability, and immigration status—continue to be kept down by dangerously low wages?
This is incredibly important and I urge you to read the entire article. You can’t claim to fight for justice if you don’t pay your workers just wages.
British taxation on America without sufficient representation:
*results in Boston Tea Party, revolution, etc.*
These acts of property damage and militant resistance are justified and good =) because Britain was clearly tyrannical =) liberty needs to be fought for sweaty =)
Eight people control more wealth than half the world's people, climate change threatens to bring catastrophic damage to the planet, and a proto-fascist sexual predator was just made most powerful man in the world:
*results in some shattered windows and limo bonfires, calls for revolution, etc.*
Um =\ violence is never the answer =/ protest is good and all =\ but this is taking it too far =/ can't you see you're just hurting any credibility you had =\ protests shouldn't interrupt my day =(
Tuesday has been declared Equal Pay for Latinas’ Day. Latina women make 54% of what white men earn. So Nov. 1 marks the date at which a Latina woman has finally caught up to what a white man made in the previous year. According to the AAUW, access to education and the types of jobs that women take account for a portion of the startling inequality, but not all of it.
Every day in cities across the country, tens of thousands of people wait in line to have a needle put in their arms for up to two hours.
Instead of donating their blood plasma, these people receive payments for the time it takes to give their plasma – the clear, straw-colored liquid part of the blood that contains special proteins – to for-profit companies. The companies purify the plasma, turning it into life-saving drugs for immune disorders and other drugs, including those used in cancer and transplant patients.
“I donate specifically for the money because I work a minimum wage job. I work as a cashier and a stocker. I used to work as a repair technician for 14 bucks an hour, so I’m used to more than what I’m getting,” David, who donates his plasma, said.
In the U.S., most people technically donate their plasma but are paid for their time doing that.
The U.S. supplies 94 percent of the paid plasma used around the world. And nearly 80 percent of the plasma centers in the U.S. are located in America’s poorer neighborhoods.
If you would go out of your way to argue how easy it is for capital to automate away jobs when labor costs become too high, then you should probably know that you’re giving all kinds of credibility to those of us who advocate fully-automated luxury communism. I mean, think about it: you’re arguing that so much of human labor ISN’T NECESSARY because said jobs can be done by machines, and yet you STILL want the bulk of humanity to pointlessly scrape by laboring for the capitalist class, receiving meager wages to buy the shit they helped generate in the first place. The above billboard is a THREAT. Let’s not mince words – that billboard is bourgeois propaganda designed to turn the working class against each other and against the broader goals of resource democratization. “If you fight for a basic livable wage, just know that you’re easily replaceable, peon!”
This is what leftists mean when they say that capitalism is an economic system filled to the brim with tensions and contradictions; it’s also what they mean when they say that capitalism inevitably produces its own gravediggers. Automation is one of those gravediggers, and it’s a major one at that. As more and more jobs become automated in the coming decades, the working class will face widespread dispossession, ramping up revolutionary class consciousness in the process. At that point, capitalism will either focus on generating more superfluous jobs for people to work or set about instituting a universal basic income – regardless, the point is to keep enough scraps flowing downward so that people don’t call for a broader system change. In this way, capitalism’s ruling class can maintain control over the wealth-producing means of production and imperialist capital accumulation can continue unrestrained.
For these reasons, “more jobs” and universal basic incomes are not enough. We need to democratize the broader social infrastructure and eliminate the profit system. If you recognize how possible it is to automate away human labor, then you should defenestrate yourself out of the Overton Window and use some political imagination – cut out the unnecessary jobs, automate all the labor you can, produce for human need rather than elite profit, and you end up with drastically reduced working hours and bountiful leisure time. This is the essence of fully-automated luxury communism – the natural conclusion of the conditions that capitalism set in motion.
Be wary of automation in the present climate, but always trace it back to the class struggle. Robots taking our jobs SHOULD be cause for celebration; why should we treat these potential liberators as harbingers of dispossession? Technological advancements are pushing us exponentially towards a de facto post-scarcity world, where everyone’s needs can be comfortably met alongside their desires for community and leisure and entertainment, and yet we’re held back by Empire’s insistence on keeping the means of production hoarded under the command of a superfluous ruling class. As long as we are divided into capitalists and workers, humanity will never know full liberation.
Just eight individuals, all men, own as much wealth as the poorest half of the world’s population, Oxfam said on Monday in a report calling for action to curtail rewards for those at the top.
As decision makers and many of the super-rich gather for this week’s World Economic Forum (WEF) annual meeting in Davos, the charity’s report suggests the wealth gap is wider than ever, with new data for China and India indicating that the poorest half of the world owns less than previously estimated.
Oxfam, which described the gap as “obscene”, said if the new data had been available before, it would have shown that in 2016 nine people owned the same as the 3.6 billion who make up the poorest half of humanity, rather than 62 estimated at the time.
In 2010, by comparison, it took the combined assets of the 43 richest people to equal the wealth of the poorest 50 percent, according to the latest calculations.
“My mother used to tell me, ‘You may be the first to do many things, but make sure you’re not the last.’ I feel a responsibility to show young women what’s possible and to mentor them to own their power and fulfill their promise.”
Elon Musk has some dark prognostications for the future of technology — that developing artificial intelligence is like summoning an uncontrollable demon, for example. But Musk revealed a surprisingly positive prospective plan in an interview with CNBC on Friday. He believes we’ll need basic income in the future.