Corporate welfare comes in many forms.
Because the payments are based on size of output, the top 1 percent of producers get as much as the bottom 80 percent. Despite what politicians say, 'growth' is making things worse, not better. A key reason for the decline in the majority's income share has been the steady fall in real wages. In 1992, average weekly earnings in the private, non-agricultural part of the U.S. economy were 19 percent below their peak in the early 1970s. Add another 5 - l 0 percent of the population who have no jobs at all, and you've got a significant portion of the population living in poverty.