train the trainer common sence economics power point
TRANSCRIPT
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AGENDARules of the Economy: A Look Back
An Economy Out of Balance
We Can Change the Rules:Our Strategy to Build Power
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Rules of theEconomy:
A Look Back
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Who Chooses the Rule-Makers
Who Benefits From the Rules DETERMINES
Who is free or slave
Who can own land
Who has access to what jobs
Whether working people have the right to join a union without fear of violence or loss of job
Fighting for an Inclusive EconomyWe’ve struggled over the economic rules throughout our history
1776: Only white men with land
1792–1856: Any free white man
1870: Free black men
1920: Women
1924: Native Americans
1971: 18- to 21-year-olds
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A Boom and Bust EconomyFarms to Factories, Great Wealth and Poverty
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
U.S. GDP Per Capita (2015 Dollars)1850–1934
Source: Maddison Project database
1850 18701860 18901880 1900 1910 1920 1930
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The Great Depression
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Time for a New DealWorking people demanded economic rules that worked
for everyone
• The right to form and join a union
• 40-hour workweek
• Unemployment insurance
• Minimum wage
• Social Security
• Rules on banks and the stock exchange
• Government agencies to enforce the rules
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The Virtuous CycleMore profits, broadly shared, drove increased wages and
investment
Investmentsin Research, Transportation and Infrastructure
Technology Advances
Productivity Rises
Wealth Increases
Wages Rise
More Tax Revenue
Demand Increases
Investment in Business Grows
Investor Profits Rise
An Economy That Works
for Everyone
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We Invested in Public Structures and Public Institutions
Public Works
Space Program
Federal Highways
Research and Development
Higher Education
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Productivity and WagesFrom 1948 to 1973, productivity and wages rose together;
employers and working people both benefited
Source: Economic Policy Institute
1948–1973Productivity: 100%Hourly Compensation: 91.3%
Cum
ulati
ve C
hang
e (%
) Sin
ce 1
948
120%
100%
80%
60%
40%
20%
0%1948 1953 1958 1963 1968 1973
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Many Still Were Excluded
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Organizing for ChangeWe organized to create a more inclusive democracy
and a fairer economy
1940s–1950s Ending Segregation
1950s–1960s Expanding Civil Rights
1950s–1970s Expanding Voting Rights
1960s–1970s Expanding Women’s Rights
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An Economy Out of Balance
Today’s Economy
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An Economy Out of Balance
Why America’s middle class is lost
An Unstoppable Climb in CEO Pay
For most workers, real wages have barely budged for decades.
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• Attack unions and workers’ right to organize;
• Promote trade agreements that benefit corporations instead of working people;
• Allow Big Banks and Wall Street to gamble with our money;
• Give tax breaks and loopholes to corporations and the wealthy; and
• Cut government programs that help working people.
“Neoliberalism” = no restraints on corporate power/ workers’ bargaining power weakened
The Neoliberal AgendaThe rich and powerful pushed back
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Productivity and WagesAfter 1973, employers benefited from rising productivity,
while denying working people higher wages for their work
Productivity262%
Hourly compensa-
tion
109%
1948–1973Productivity: 100%Hourly Compensation: 91.3%
1973–2013Productivity: 81%Hourly Compensation: 19.28%
Source: Economic Policy Institute
Cum
ulat
ive
Cha
nge
(%) S
ince
194
8
300%
250%
200%
150%
100%
50%
0%1948 1953 1958 1963 1968 1973 1978 1983 1988 1993 1998 2003 2008 2013
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Union Membership and the EconomyAs union membership declined,
the share of income going to the top 10% increased
24%24%
13%
44%
33%
44%
Source: Economic Policy Institute
Share of income going to top 10%
Union membership
60%
50%
40%
30%
20%
10%
0%1917 1927 1937 1947 1957 1967 1977 1987 1997 2007 2012
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A Growing EconomyEven though our economy continues to grow
$7.6 Trillion(indexed to 2014)
Size of U.S. economy(measured in GDP)
1973 2014
$17.4 Trillion
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Growing InequalityWealth is more and more concentrated
These 8 people control $216 billion in wealth
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The Vicious CycleWages Flat, Profits Hoarded, No Investment
Rules Changed to Benefit Wealthy and Corporations
CEO Compensation Soars(300 x average workers pay)
Lobbyists, Campaign Contributions, Revolving Door to Public Sector
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We Can Changethe Rules:
Our Strategy toBuild Power
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Our Choice:Fight for an economy that works for everyone
orwatch our democracy and our families’ futures collapse
WE CAN EXERCISE OUR POWER
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We Can Raise Wages
• Strengthen workers’ rights to organize and collectively bargain.
• Raise the minimum wage and tipped wage.
• Pass living wage ordinances.
• Support prevailing wage standards and project labor agreements.
• Increase the overtime threshold.
• Pass paid sick leave and family leave legislation.
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We Can Invest in the Common Good
Community Resources
21st Century Energy Systems
InfrastructureGood Jobs Mass Transit
Early Childhood Education
Research
Public Spaces
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We Can Create a Governmentby and for People
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We Can Advance Togetherin the 21st Century
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We Can Change the Rules
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The Fight for a Better Life Starts NowWe are improving LIVES and WAGES all over America
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JOIN US Text
to 235246WIN
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The Immediate [National/Local] Fight (CUSTOMIZE FOR PLACE AND TIME)
• Right to Join a Union• Overtime Pay• Bad Trade Agreements• Living Wage Laws