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The most important economic problem today is income and wage inequality. The top 10 percent own three-quarters of the wealth. The top 10 percent receives nearly half the income. Wealth is increasing faster than income thus continuously increasing inequality. Since 1970 the share of income for the 90 percent has decreased from 65 percent to 50 percent largely because of productivity increases. The "real" income of the 90 percent has been flat.
Conditions were similar in the 1920s, prior to the Great Depression. A major factor reducing inequality from 1935 through 1950 was the increase in labor unions. From 1950 to 1970 the top 10 percent income share had been reduced from 50 percent to 35 percent.
The Wagner Act in 1935 started union organizing activity. Unions increased to 35 percent of labor. Since 1950, union membership has decreased to 10 percent now, with resulting increased inequality. This decrease was partly caused by the Taft-Hartley act in 1947 which allowed "Right to Work" laws. With this law you have the "Right to Work" for low wages. For instance in Wisconsin, non-union workers earn $5,000 less per year than union members. Union organizers must get busy!