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Then why is the middle class disappearing? They certainly are not joining the upper class...
Productivity is increasing because over the last 30 years we've come up with lots and lots of ways to be more productive with less hands on a project. One person can design a widget and feed the details into a machine that can knock them out by the thousand. We don't need a whole string of assemblers, welders, nut turners, etc.
For starters:So, what's your solution?
What happened during the 40's, 50's, 60's, and 70's? Had much of the same programs around and was not even close to this giant income gap.
For starters:
-Stronger progressive tax
-Keep the minimum wage up with inflation
Ah! More taxes. How is giving more money to the government going to help?
Ah! More taxes. How is giving more money to the government going to help?
The way I look at it, we vote for the government that then decides how much money to spend. Once they do that they have the responsibility to raise the revenues to pay for what they spent.
Your point being......???Have you ever been to see the mansions in Newport R.I. where the mega wealthy of the time had their summer houses? Forget about the Robber Barrons?
1.)redistributing wealth
2.)we have a massive deficit/debt
3.)times when we had higher taxes we had less inequality
So, income equality achieved bringing people down vice bringing people up? Ya know, the Russians tried that and it didn't work too well.
The way I look at it, we vote for the government that then decides how much money to spend. Once they do that they have the responsibility to raise the revenues to pay for what they spent.
Read more @: AP survey: US income gap is holding back economy
No surprise here. Seems that this trickle down economic theory isnt working at all, also not a surprise.
Read more @: AP survey: US income gap is holding back economy
No surprise here. Seems that this trickle down economic theory isnt working at all, also not a surprise.
what is holding back the economy is too many people thinking others need to take care of them
So we were like Russia in the 40-70's? (this is where you usually dont respond)
Your point being......???
And people who want your labor but don't want to pay a decent wage for it.
No, they are responsible to spend wisely and within their limits.
So then havent we moved on from the reason that "people are lazy and wont work as hard" to the reason that "technology has increased the ability for one person to make a lot of things very easily"?
As this study points out several key things come to mind:
Firslty productivity is defined as: "Productivity growth, which is the growth of the output of goods and services per hour worked, provides the basis for the growth of living standards"
--We not only are doing more work but working longer
And also
"First, as shown in Figure B, average hourly compensation—which includes the pay of CEOs and day laborers alike—grew just 39.2 percent from 1973 to 2011, far lagging productivity growth. In short, workers, on average, have not seen their pay keep up with productivity. This partly reflects the first wedge: an overall shift in how much of the income in the economy is received in wages by workers and how much is received by owners of capital. The share going to workers decreased."
The wedges between productivity and median compensation growth | Economic Policy Institute
decent wage being a stupid term. Fair market wage is more realistic and a fair market wage is the one that obtains a sufficient quality and quantity of labor for the offering employers
fair market wage is defined by those who control the capital... how convenient...
fair market wage is defined by those who control the capital... how convenient...
fair market wage is defined by those who control the capital... how convenient...
your definition is based on nothing objective and would require an employer to pay different people different wages for the same amount and quality of work.
the current system isn't perfect but subjective based of From each according to their ability to each according to their "needs" is patent crap
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