1370 Ontario St. - Mezzanine, Cleveland, Ohio 44113 • (216) 241-2630 / Fax: (216) 241-6516

Membership
Benefits
News and Issues
Departments
Secretary-Treasurers
Information
Merchandise
Communications
FELA
Events
Links
User Info

The American Middle Class is no longer the world's richest

(Source: New York Times, April 22, 2014)

NEW YORK -- The American middle class, long the most affluent in the world, has lost that distinction. After-tax middle-class incomes in Canada substantially behind in 2000 now appear to be higher than in the United States. The poor in much of Europe earn more than poor Americans.

One factor is that companies in the United States economy distribute a smaller share of their bounty to the middle class and poor than similar companies elsewhere. Top executives make substantially more money in the United States than in other wealthy countries. The minimum wage is lower. Labor unions are weaker.

Full story: New York Times

Wednesday, April 23, 2014

Like us on Facebook at
Facebook.com/BLETNational

© 1997-2014 Brotherhood of Locomotive Engineers and Trainmen

 


Safety Task Force Hotline
800-306-5414

Decertification Helpline
800-393-2716

DAILY HEADLINES

Teamster Nation: Get the latest updates in the War on Workers
Crews checking for equipment malfunction in Slinger train derailment
Ex-employees claim BNSF Railway has ignored key safety checks
CN reports 2Q 2014 net income of C$847 million, up 18 percent from year-earlier net income
Open letter from Secretary Foxx and 11 former DOT Secretaries urging Congress to address long-term transportation needs
Oil by rail fight in Washington threatens California gasoline prices
Metro-North, Amtrak trains running again after rock slide
CSX Senior VP Mancini sells $1.2 million in stock
Dwight D. Eisenhower locomotive exhibit opening on August 2 in Green Bay

More Headlines


Enter your e-mail address to receive BLET news updates.

Subscribe  Unsubscribe