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Ap survey: Us income gap is holding back economy

That is incorrect. Wages for all quintiles have advanced past inflation, though agreeably much faster for knowledge workers.

No they havnet see post #76
 
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

:lamo :lamo
I can also tell you the opposite is true.
 
:lamo :lamo
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
 
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.


Im not talking about the survery. Im talking about the wealth history of this country.
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then why the whining?
Why am i whining? Because once good jobs that were offered to Americans are either being devaluated or offshored thus creating a giant income gap

BTW i think the MW is not something Congress can properly set and is something that should be eliminated
Cannot properly set?
It was supposed to be kept up with inflation.
 
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.

No i have not. I have not seen a link to it.
 
:lamo
I think your forgetting a little thing called inflation.

:) Actually I didn't. That's a real-money claim. After-Tax Income has advanced in real terms for the American people.

:shrug: it's not like the information isn't out there:

WonkBlog: Obama says the typical family income ‘barely budged’ between 1979 and 2007. It grew at least 15 percent.
U.S. Census Bureau: Real Median Family Income Grew 17.7% from 1979 to 2007, Real Household Income, which includes people living alone and non-related roomates) grew 14.4%.
Congressional Budget Office: before taking taxes and transfers (like Social Security or the Earned Income Tax Credit) into account, real median household incomes grew 19.9 percent between 1979 and 2007; after taking transfers but not taxes into account, they grew 30 percent; and after taxes, they grew 38.2 percent.

A typical tactic is to talk about "household" income, for example, without taking into account the fact that households are shrinking in size. So (making up numbers here), if your household in 1960 was two parents and three kids and brought home (in 2013 dollars) $35K; that's $7k per head. A household in 2013 that consists of a single parent with two children bringing home $35K is bringing home $11,666 per head, a 66% improvement, not a 0% improvement.
 
Why am i whining? Because once good jobs that were offered to Americans are either being devaluated or offshored thus creating a giant income gap


Cannot properly set?
It was supposed to be kept up with inflation.

tell me why American companies should pay more for the same quantity and quality of labor than what their competition pays?

Do you think you are entitled to higher wages than say an Indian or a Chinese worker even if he works as hard and as well as you do?
 
No they havnet see post #76

:lol: that's your argument? That minimum wage has not kept up with inflation from its peak?

Dude, minimum wage is about 1.5% of the workforce.

If your actual response to the U.S. Census Bureau and the Congressional Budget Office both telling you that real wages have risen is to cite the minimum wage, you lose :lol:
 
tell me why American companies should pay more for the same quantity and quality of labor than what their competition pays?
Because a little thing called state sovereignty.
Corporations infact do not pay the set corporate tax rate we have in this country and with more trade deals that are being worked out they wont have to pay the tax rate in other countries as well.

Do you think you are entitled to higher wages than say an Indian or a Chinese worker even if he works as hard and as well as you do?
In fact yes i do. Because of a thing called sovereignty. And i also think those people working in China should be paid more as well and i think US companies that use that labor should be charged with human rights violations.
 
Because a little thing called state sovereignty.
Corporations infact do not pay the set corporate tax rate we have in this country and with more trade deals that are being worked out they wont have to pay the tax rate in other countries as well.


In fact yes i do. Because of a thing called sovereignty. And i also think those people working in China should be paid more as well and i think US companies that use that labor should be charged with human rights violations.

opinion noted and rejected based upon economic reality. good luck with that silliness.
 
:lol: that's your argument? That minimum wage has not kept up with inflation from its peak?
Infact yes it is proven by the BLS statistics.

Dude, minimum wage is about 1.5% of the workforce.

If your actual response to the U.S. Census Bureau and the Congressional Budget Office both telling you that real wages have risen is to cite the minimum wage, you lose :lol:
"The CPI inflation calculator uses the average Consumer Price Index for a given calendar year. This data represents changes in prices of all goods and services purchased for consumption by urban households. This index value has been calculated every year since 1913. For the current year, the latest monthly index value is used."
 
Infact yes it is proven by the BLS statistics.


"The CPI inflation calculator uses the average Consumer Price Index for a given calendar year. This data represents changes in prices of all goods and services purchased for consumption by urban households. This index value has been calculated every year since 1913. For the current year, the latest monthly index value is used."

Thank you :). Can I assume that your non-answer is an implicit admission that you were incorrect to suggest that the minimum wage can be used as an indicator for broad income quintiles?
 
Because a little thing called state sovereignty.
Corporations infact do not pay the set corporate tax rate we have in this country and with more trade deals that are being worked out they wont have to pay the tax rate in other countries as well.

In fact yes i do. Because of a thing called sovereignty. And i also think those people working in China should be paid more as well and i think US companies that use that labor should be charged with human rights violations.

How in the world does state sovereignty mean that you should be paid more for working just as hard because you are wonderful, special, you?
 
if they are supposed to pay 35% why should stockholders pay 15% or more on dividends


Because it is a transfer of money yanno just like when some who pays income tax FICA tax and what not then pays sales tax on that same money when they purchase something.
 
Because it is a transfer of money yanno just like when some who pays income tax FICA tax and what not then pays sales tax on that same money when they purchase something.

that's a stupid analogy. different taxing authorities and transfers for value. why should the government get two cuts at the same money that is owned by the shareholders all along? (other than people who don't get stock dividends are envious of those who do and support taxation vandalism?)
 
Because it is a transfer of money yanno just like when some who pays income tax FICA tax and what not then pays sales tax on that same money when they purchase something.

Actually TD is right on this one - since shareholders own a company and its' assets, the existence of both corporate and dividend taxes does mark a form of double-taxation.

It'd be like if you paid income tax when your money hit your bank account, and then again when you drew it out. Same money. Getting taxed twice.
 
that's a stupid analogy. different taxing authorities and transfers for value. why should the government get two cuts at the same money that is owned by the shareholders all along? (other than people who don't get stock dividends are envious of those who do and support taxation vandalism?)

Oh hogwash TD. The money is taxed when the individual gets it and it is taxed again when the individual spends it.

And screw your envious crap that is just a cop out on your part
 
No they aren't, they are supposed to pay what they are legally required to pay.

its amazing how many socialists think that there is some sort of holy writ that corporations should pay 35% and the rich 40% and when you point out that the same law allows them to pay less they seem to think that is some affront to the heavens.

the bottom line is that socialists want the government to always have more money that is earned by OTHER people
 
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