Workers Have Lost a Trillion Dollars In Annual Pay Over the Past 20 Years

Courtesy of EPI, here is labor’s share of business income over the past 40 years:

Since 2000, labor’s share has declined by about a trillion dollars. If you’ve become jaded by numbers this huge and have no idea what they mean on a human scale, it’s simple: this works out to something in the ballpark of $7,000 per worker. If we could just get back to the level of 80s and 90s, we’d all be making about $7,000 more per year.

This is not a huge ask. It’s not like trying to bring back the postwar Golden Age. We’re talking about something that was common as recently as 20 years ago. Since then, the CEO class has decided to add a trillion dollars to its income by taking it away from its workers. This is something that Democratic presidential candidates ought to share when they’re out on the campaign trail.

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Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

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We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

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Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

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