WHEREAS, In the long term, the bargaining power of workers in
this Commonwealth has been substantially weakened since 1979
with a decline in the percentage of workers covered by
collective bargaining and a steep decline in the purchasing
power of the minimum wage; and
WHEREAS, In the United States, economists concur that income
inequality has increased significantly nationwide over the last
several decades; and
WHEREAS, Between the end of World War II and the late 1970s,
incomes in the United States were becoming more equal, with
lower incomes rising faster than higher incomes; and
WHEREAS, After remaining relatively constant for much of the
postwar era, the share of total income accrued by the wealthiest
10% of households jumped from 34.6% in 1980 to 48.2% in 2008;
and
WHEREAS, According to the United States Census Bureau, the
long-term increase in income inequality is related to changes in
the nation's labor market and household composition; and
WHEREAS, The wage distribution has become considerably more
unequal, with the highly skilled, trained and educated workers
at the top experiencing real wage gains and those at the bottom
experiencing real wage losses; and
WHEREAS, Between 1980 and 2008, the share of total income
accrued by the richest 1% of households rose from 10% to 21%,
making the United States one of the most unequal countries in
the world; and
WHEREAS, The evolution of income inequality in the United
States is largely driven by the trends at the very top of the
income distribution, as very wealthy households have continued
to accrue an even greater share of the nation's total income;
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