03/08/2003

An opinion published in Los Angeles Times White Collar Blues is appropiated for Chile. Some snippets:

"Before the mid-1980s, Americans of all classes shared more or less equally in the economy's gains. Wages of the lowest-paid workers rose at virtually the same rate as salaries of corporate executives. Good times stimulated relatively well-paying employment opportunities across a wide range of industries, including manufacturing and services. Most of these jobs offered health care and other benefits.

Since then, gains in income and wealth have become increasingly concentrated in the hands of fewer and fewer Americans. According to data from the Internal Revenue Service, total personal income expanded by more than $3.8 trillion from 1986 to 2001. More than $2 trillion, however, was paid to the richest 10%. Incomes of the top 5% of U.S. households grew nearly three times faster than those of the remaining 95%."

"Societies with skewed distributions of wealth tend to be less dynamic. Wealthier classes naturally want to preserve the economic status quo, and they have the financial and political wherewithal to do it."

"When wealth concentrates at the top end of the economy, government becomes more and more reliant on the wealthiest to pay its bills"

Could a similar opinion and analysis be published in a newspaper in Chile?

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