Americans are working harder and are producing more than at almost any time in recent history. But, the wealth gap between the richest one percent in the United States and the bottom 99 percent has grown to a point not seen since the early 20th century.
Unions have been in decline in the United States for years as states, like Florida, became right-to-work states. Last year, union membership fell to its lowest level since the 1930’s with just 11.3 percent of workers in unions.
As Mitt Romney and Newt Gingrich fight with each other over who can best fix the economy, half a world away in Davos, Switzerland, the global financial and business elite say an issue championed likely to be at the heart of the 2012 presidential election is at the heart of the world’s financial problems.