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Thread: WAL-MART CEO: Things Aren't Getting Better For America's Middle Class

  1. #201
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    Re: WAL-MART CEO: Things Aren't Getting Better For America's Middle Class

    Quote Originally Posted by apdst View Post
    But, my salary tripled. Hell my salary has tripled since 2000. Probably increased 5x since I was 18. I'm 45, now.
    Good for you.
    Your job skills have improved in the past 27 years.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: WAL-MART CEO: Things Aren't Getting Better For America's Middle Class

    Quote Originally Posted by Dittohead not! View Post
    Good for you.
    Your job skills have improved in the past 27 years.
    Amazing what a little ambition will do.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: WAL-MART CEO: Things Aren't Getting Better For America's Middle Class

    Quote Originally Posted by apdst View Post
    Amazing what a little ambition will do.
    No doubt.

    I think probably most of us earn more at age 45 than at age 18. I know I did.

    But, at age 18, I was able to make just over $2 an hour, which doesn't sound like much today. In 1961, however, it was enough to buy 8 gallons of gas. 90 hours paid for college tuition. 37 hours paid for a month's room and board at the university. Compare that with what the typical 18 year old can earn today and see if wages have kept up.

    When I got my first "real" job in 1966, my salary was $5,900 a year. That was definitely an entry level salary, but it was almost half the cost of a modest home. It was enough for three brand new compact cars, or two larger ones.

    I broke into the five digits in 1969 with a salary of $10,000. That year, I bought a house for $13,500 and a new car for $3,000. My son was born that year. The hospital charged $250 for a normal childbirth.

    In 2001, my grandson was born. The cost for a normal childbirth was $10,000, or 40 times as much as in 1969. No, I wasn't making $400,000.

    Of course, hospital costs have gone up way faster than inflation.

    But, gas still cost a quarter back in 1969.
    Last edited by Dittohead not!; 07-16-14 at 08:50 PM.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  4. #204
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    Re: WAL-MART CEO: Things Aren't Getting Better For America's Middle Class

    Quote Originally Posted by apdst View Post
    Amazing what a little ambition will do.
    Ambition and class mobility are strawman arguments to this topic.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  5. #205
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    Re: WAL-MART CEO: Things Aren't Getting Better For America's Middle Class

    Quote Originally Posted by imagep View Post
    Ambition and class mobility are strawman arguments to this topic.
    Not really, especially the last. Even if wages are flat for lower deciles, if people are moving up through them as they age, then American's lives are still improving.

  6. #206
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    Re: WAL-MART CEO: Things Aren't Getting Better For America's Middle Class

    Quote Originally Posted by imagep View Post
    Ambition and class mobility are strawman arguments to this topic.
    Not at all...Ambition is necessary in beginning any career...And mobility is offered even at Walmart. Are you aware that if you work for Walmart, and desire to become a store manager, or higher, there is a program where Walmart will pay for your business training?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: WAL-MART CEO: Things Aren't Getting Better For America's Middle Class

    Quote Originally Posted by cpwill View Post
    Not really, especially the last. Even if wages are flat for lower deciles, if people are moving up through them as they age, then American's lives are still improving.
    Only on a particular individual bases, not in aggregate.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  8. #208
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    Re: WAL-MART CEO: Things Aren't Getting Better For America's Middle Class

    Quote Originally Posted by j-mac View Post
    Not at all...Ambition is necessary in beginning any career...And mobility is offered even at Walmart. Are you aware that if you work for Walmart, and desire to become a store manager, or higher, there is a program where Walmart will pay for your business training?
    Absolutely - on an individual bases.

    But if we never become more productive in aggregate (as in more production per work hour, regardless of the cause of that increase), then the aggregate will never become richer, and the mean average income will remain the same.

    Since our productivity has been increasing substantially (due to technology), all income classes should be increasing in income, with the possible exception of those who don't work. But that hasn't really happened much during the past 35 years. Nearly all the fruits of our increases in productivity has been acquired by the top 1%.

    When all income classes don't share the fruits of increases in productivity more or less equally, then demand lags behind production (because the rich don't consume all of their income), and we end up with fewer jobs, and even less incentive for the owners of the means of production to compete harder for labor, thus we start slowly spiraling downward.

    So what may be great for the individual, may have absolutely no effect on the wealth of the country. And sometimes what is good for the individual, such as saving a large portion of their income, is horrible for the country (look up "paradox of thrift").

    There is a reason that microeconomics is taught in college as a class seperate from macroeconomics.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: WAL-MART CEO: Things Aren't Getting Better For America's Middle Class

    Quote Originally Posted by imagep View Post
    Ambition and class mobility are strawman arguments to this topic.
    says who?.. your line is a "Obama slogan 101" liberal canard..

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    Re: WAL-MART CEO: Things Aren't Getting Better For America's Middle Class

    Quote Originally Posted by apdst View Post
    Amazing what a little ambition will do.
    My ambition is handicapped by my laziness.
    Give a man a fish and he can eat for a day. Teach a man to fish and he can sit in a boat, drinking beer all day while you fool around with his Woman.

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