Detailed text transcripts for TV channel - MSNBC - 20121117:00:50:00
They'll create jobs for the rest of us they say. well, a little historic perspective shows why the republican argument is false. and veteran journalist hedrick class has been squeezed financially. and sidelined politically. the average worker's salary remained flat and retirement security has largely disappeared. but the pay for ceos has skyrocketed from 40 times the salary of the average company worker in 1980 to 400 times it by 2000 all made possible thanks to powerful corporate interests in washington which shifted the balance of power politically. herick smith joins us now. rick, thank you...
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