On the recordMay 8, 2013
Thank you. And thank you for introducing that important bill to help students and families across the country. Today during the Special Order hour for the Progressive Caucus, we are here to specifically talk about the issue of income inequality in America and the growing gap between the wealthiest and the average person. Just today, Mr. Speaker, while we voted on legislation, we voted on a bill, the ironically titled Working Families Flexibility Act, which, in reality, would mean more work and less pay for hardworking Americans in my State of Wisconsin and across the country. As many of my colleagues have spoken on the floor this week, what this bill will do is to deny workers compensation for overtime--any hours that they would work over 40 hours a week. This is, in essence, an attack on workplace flexibility and an attack on the hard-earned wages Americans rely on. But what makes this bill even more onerous, though, is a topic of importance to our caucus, the Progressive Caucus, and to workers across America: the growing income inequality in our country. Mr. Speaker, it's hard to imagine why some of our colleagues are interested in reducing wages for Americans when multiple reports this week show that despite the fact that stock markets and corporate profits are close to all-time highs, wages in this country are stagnant at best. In fact, according to the St. Louis Fed, wages as a percentage of the economy have hit an all-time low. What does that mean in real dollars?…





