So you are using the fact that the poor in the US are richer than most of the world to try to defend not giving them a fair share of new economic growth, but the only reason they are richer than most of the world is because they have gotten a fair share of economic growth historically. I don't see any reason why the poor should stop getting at least some of the economic growth when they have historically.
No I am not. I am complaining about the fact that when companies get new profits the executives are choosing to give most of the profits to themselves and almost none to their workers. Business success is a team effort and it is not fair to only reward those at the top. That is what I am saying.Stagnating middle class? So, in reality....you're complaint is that you're not in the 1%...not that the 1% is bad.
Yes we do, but hourly wages have been stagnant since 1970. This is giving the rest of the world time to catch up to the US.And yet our country has higher wages, higher PPP, higher disposable income than most of the world. How unfair.
While our GDP per capita growth has been impressive, much of that is due to the rich in the US getting richer. Median yearly wages are not growing nearly as quickly and have stagnated since 2000.
With a stagnant middle class whose yearly wages have not grown since 2000 and whose hourly income has not grown since 1970, this gives other nations time to start catching up.
Millennials now earn $2,000 less than their parents at the same point in their lives and they are less employed.
Young adults earn $2,000 less today than their parents did in 1980, adjusted for inflation - The Atlantic
I am sorry but the America you want is not the one I want my children to grow up in. In your America social mobility keeps falling, the poor and middle class don't get any richer and most of the economic growth goes to the people riding in jets. I want my children to grow up in an America where all income groups are getting richer together and social mobility is getting easier and easier.
Last edited by reinoe; 06-06-15 at 10:23 PM.
however maybe if we made business environment more hospitable then they wouldn't be moving overseas to begin with.
Is there a corporate tax break that ships jobs overseas? | PolitiFact
yet another lie told by the left.