Labor Day serves as a stark reminder of the sacrifices of American workers, yet highlights the growing economic inequalities and imbalances affecting their well-being.
The pain of wage stagnation and the concentration of wealth among the top 1% reflect a troubling economic landscape where workers' investments and sacrifices often go unrewarded.
Class disparities have widened, as evidenced by the fact that the bottom 50% own only 1% of stock shares compared to the wealthiest 1% holding half of all shares.
The transition from pensions to 401(k) plans exemplifies the 'great risk shift,' pushing retirement responsibilities onto workers, while gig economy roles often lack essential protections.
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