Why occupy? It’s the inequality.
The Occupy Wall Street protests hinge on injustice, in particular a malaise with the current economic system that has brought us a tremendous inequality and the rise of the super-rich, or top 1%. But surely that isÂ just the US?
Alas, no. The figure below shows the change in BC labour income (wages and salaries) and corporate profits (before tax) going back to 1991. They are presented as an index, with 1991 = 100. While total labour income doubled between 1991 and 2009 (not adjusting for inflation or population growth), corporate profits rose by 700% at their peak in 2008, before dropping somewhat in 2009.
Figures from BC Ministry of Finance,Â Financial and Economic Review 2011, p. 22.