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Thread: Ap survey: Us income gap is holding back economy

  1. #71
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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by TurtleDude View Post
    I think you missed the entire point

    people didn't have to be well educated 50 years ago to make good money. Factory jobs paid well for strong workers who didn't have hi-tech education

    That is no longer true
    So if i wanted to go work at the Ford plant in my hometown i would have to get a college degree? I can tell you the opposite is true.... Trust me.


  2. #72
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    Re: Ap survey: Us income gap is holding back economy

    There will come a point where the 1% will control so much wealth they will have no choice but to re-distribute it if they want to continue to prosper. Eventually the lower classes will run out of the money needed to drive these corporate profits. When the 1% realize this, we will finally be able to fix the economy. No government intervention can fix this, it will only hurt the effort.
    "Conservatism is the blind and fear-filled worship of dead radicals."
    - Mark Twain
    Run your own nation, play Cybernations.

  3. #73
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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by TheDemSocialist View Post
    So if i wanted to go work at the Ford plant in my hometown i would have to get a college degree? I can tell you the opposite is true.... Trust me.

    If you want to make the wages (in terms of real dollars) that the hs graduates made in the 50s at GM Or FORD, you better be a pretty good programmer etc



  4. #74
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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by TheDemSocialist View Post
    Wages not being kept up with inflation,
    That is incorrect. Wages for all quintiles have advanced past inflation, though agreeably much faster for knowledge workers.

  5. #75
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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by TurtleDude View Post
    But I tire of people claiming someone ought to be paid more than their market worth
    As do I.

  6. #76
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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by TurtleDude View Post
    you whine about inflation but want the minimum wage to go up

    serious disconnect there dude
    Real disconnect?
    Here ya go: Inflation Calculator: Bureau of Labor Statistics
    Do the math. Real minimum wage in 1968 was $1.60... Put that in the calculator and you get $10.72.
    By the way when the minimum wage was passed it was supposed to keep up with inflation...


  7. #77
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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by cpwill View Post
    That is incorrect. Wages for all quintiles have advanced past inflation, though agreeably much faster for knowledge workers.
    No they havnet see post #76


  8. #78
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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by TurtleDude View Post
    If you want to make the wages (in terms of real dollars) that the hs graduates made in the 50s at GM Or FORD, you better be a pretty good programmer etc

    I can also tell you the opposite is true.


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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by TheDemSocialist View Post

    I can also tell you the opposite is true.
    then why the whining? BTW i think the MW is not something Congress can properly set and is something that should be eliminated



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    Re: Ap survey: Us income gap is holding back economy

    Did you fail to notice the a University of Santa Cruz study on wealth distribution? It has not really changed much since the 1920's EXCEPT then the 1% was a mere 1.1 million homes and now it's 3.1 million homes.


    Quote Originally Posted by TheDemSocialist View Post
    Im not talking about the survery. Im talking about the wealth history of this country.





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