Kalles Kultur

Kalle's Kultur

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The Incredible Shrinking American Worker

My latest article for The Atlantic -

The mysterious and growing divide between the rich and the rest in just about every wealthy country on Earth, including the U.S., is really two mysteries wrapped in one. The first mystery is why real wage growth has sped up at the top and slowed down for everybody else. But the second, more recent, and more fascinating problem is why labor’s share of the winnings in developed economies has been in decline. It’s not just that middle-class wages are falling behind the rich. Overall wages are falling behind something else — capital.

People are becoming less valuable to businesses. Why?

Filed under Me The Atlantic Economics Labor Globalization

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We have waited for more than three hundred and forty years for our God-given and constitutional rights. The nations of Asia and Africa are moving with jetlike speed toward the goal of political independence, and we still creep at horse-and-buggy pace toward the gaining of a cup of coffee at a lunch counter. I guess it is easy for those who have never felt the stinging darts of segregation to say “wait.” But when you have seen vicious mobs lynch your mothers and fathers at will and drown your sisters and brothers at whim; when you have seen hate-filled policemen curse, kick, brutalize, and even kill your black brothers and sisters with impunity; when you see the vast majority of your twenty million Negro brothers smothering in an airtight cage of poverty in the midst of an affluent society; when you suddenly find your tongue twisted and your speech stammering as you seek to explain to your six-year-old daughter why she cannot go to the public amusement park that has just been advertised on television, and see tears welling up in her little eyes when she is told that Funtown is closed to colored children, and see the depressing clouds of inferiority begin to form in her little mental sky, and see her begin to distort her little personality by unconsciously developing a bitterness toward white people…
http://www.theatlantic.com/ideastour/civil-rights/king-excerpt.html

Filed under Martin Luther King Letter from Birmingham Jail The Atlantic