A Obama Recession will lower wages as 23 million unemployed and underemployed Americans compete for only one million jobs. Bright side? In Fracking North Dakota Wal-Mart greeters are earning $17 an hour.
Thomas Sowell: There are no solutions, just trade-offs.
FredHayek wrote: A Obama Recession will lower wages as 23 million unemployed and underemployed Americans compete for only one million jobs. Bright side? In Fracking North Dakota Wal-Mart greeters are earning $17 an hour.
The "Obama Recession"! rofllol
There's your dumb ill informed opinions Fred, and then there are the facts, and wether your managment or labor, our slice of the pie is shrinking.
The gaps in after-tax income between the richest 1 percent of Americans and the middle and poorest fifths of the country more than tripled between 1979 and 2007 (according to data the Congressional Budget Office)-
and if you’re an ordinary slob like you Fred, you haven’t had a raise in over 30 years. In fact, your real wage peaked over 30 years ago and it’s never recovered. This would be ok if the US hadn’t been getting richer, getting more productive, ever since then, but I’m sure you won’t be surprised to hear that, well, actually, productivity and whatnot has kept going up. Yet somehow wages didn’t.
A huge share of the nation's economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 million per household. The average income for the bottom 90 percent (thats you and me Fred).....? $31,244.
The superrich have grabbed the bulk of the past three decades' gains. And its no accident
Big Cat wrote: Oh yeah...I wanna make myself valuable to some company.. :rofl
LOL that's funny. You just don't get it do you, you are worth what you're skills are, and if you are more valuable you can ask for a better wage, go somewhere else, or start your own company.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
Really..How did that work out at the turn of the century (before unions) Joe? "Highly educated", "highly skilled", "highly valuable" upper managment and engineers reported to work 6 days a week, 12 hours a day.....and got a few cents more than the workers. Its called history Joe, look into it
And look at the bottom graph- You brag about being in the top 20%? You're flat lining so wake up sh!t for brains, your life sucks........I know I wouldnt want it for my kids