Posts Tagged ‘Wall Street’

It turns out that Wall Street is back to its old tricks—raking in the big bucks while Main Street struggles just to make ends meet. In fact, as Steven Pearlstein reported in today’s Washington Post, corporate profits are higher than ever, but millions of Americans are still out of work.

Why? Because corporations are taking advantage of the economic crisis to put the squeeze on workers—demanding more hours for less pay—instead of rehiring workers who lost their jobs as a result of Wall Street’s recklessness. In other words, corporate CEOs are benefiting from the same crisis they created, the same crisis that left so many working families out in the cold. Read more »