{"id":242740,"date":"2023-04-25T08:33:32","date_gmt":"2023-04-25T08:33:32","guid":{"rendered":"https:\/\/www.worldsocialism.org\/spgb\/?post_type=snippet&p=242740"},"modified":"2023-04-25T08:45:15","modified_gmt":"2023-04-25T08:45:15","slug":"us-workers-get-screwed-as-usual","status":"publish","type":"snippet","link":"https:\/\/www.worldsocialism.org\/spgb\/snippet\/us-workers-get-screwed-as-usual\/","title":{"rendered":"US workers get screwed as usual"},"content":{"rendered":"

If the federal minimum wage in the US had risen over the last forty years at the same rate as the average Wall Street bonus, it would be $42 an hour today, says a new report<\/a> by the Institute for Policy Studies, using analysis data from the New York State Comptroller.<\/p>\n

Average bonuses on Wall Street have risen by 1,165% since 1985, not adjusted for inflation. The average bonus paid to traders last year was $176,700, which is 75% higher than in 2008. Meanwhile the federal minimum wage, currently $7.25 an hour, has not moved since 2009.<\/p>\n

So trebles all round for traders, while workers continue to grind away in poverty and do all the productive work of society. <\/p>\n","protected":false},"template":"","class_list":["post-242740","snippet","type-snippet","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/snippet\/242740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/snippet"}],"about":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/types\/snippet"}],"wp:attachment":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/media?parent=242740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}