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Thread: Rich-Poor gap widening

  1. #71
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    Re: Rich-Poor gap widening

    Quote Originally Posted by phattonez View Post
    Improvement because of economic growth not because of new rules and regulations!

    Also, remember who brought on the great depression: the central bank, not the free market. And it lasted so long because of government interventions.
    Not sure they don't go together. And I really don't want to open the disagreement about the causes of the great depression. Let's save that for another thread if we can.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  2. #72
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    Re: Rich-Poor gap widening

    Quote Originally Posted by Boo Radley View Post
    Not sure they don't go together. And I really don't want to open the disagreement about the causes of the great depression. Let's save that for another thread if we can.
    We had a higher rate of growth before these rules and regulations came about. Also, the Roman Empire had many of these rules and regulations yet we are much richer than they were.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Rich-Poor gap widening

    Quote Originally Posted by Boo Radley View Post
    I think the rules are part of the better prosperity.
    Yet we grew at a higher rate before those rules came about.

    Mass starvation is a high hurdle, but there was evidence of some rough to bad conditions. It wasn't better than today.
    What evidence?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Rich-Poor gap widening

    Quote Originally Posted by phattonez View Post
    I'm pointing out that wage controls and social safety nets are not necessary.
    To have a substandard living?

  5. #75
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    Re: Rich-Poor gap widening

    Quote Originally Posted by SE102 View Post
    To have a substandard living?
    If the government would stop trying to fix things, the standard of living would increase.
    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: Rich-Poor gap widening

    Quote Originally Posted by SE102 View Post
    To have a substandard living?
    So everyone back then had a substandard living? Huh, and I thought that standard of living was improving after leaving the feudalist economy. I guess I was wrong, we were really regressing from subsistence farming.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Rich-Poor gap widening

    Quote Originally Posted by phattonez View Post
    Yet we grew at a higher rate before those rules came about.
    We were younger. Easier to do.


    What evidence?
    Well, I mentioned two books.

    However:

    1874 to1879 -workers not allowed to speak to each other in factories

    1875 - workers fed up with conditions and pay in factories
    1877 - Columbia Bicycles - Founded in 1877 by Col. Albert Pope. Mass production began at the Weed Sewing Machine Company factory on Capitol Avenue. The company is now headquarted in Westfield, Mass.


    1880 - New Haven still has horse trolleys; late 1880's electric trolley in Hartford1880's - people working 14 to 16 hrs a day at average pay of $1.75 a day
    1883 - Industry becomes bigger and more mechanized; skilled craftsmen become obsolete
    1884 - The Strong Fire Arms Company was organized in February of 1884 making parade cannons.

    1800's Connecticut - American US History - CT Timeline

    1880s5 September 1882 (United States)
    Thirty thousand workers marched in the first Labor Day parade in New York City.
    1883 (Canada)
    The Trades and Labour Congress of Canada (TLC), a Canada-wide central federation of trade unions was formed.
    1884 (United States)
    The Federation of Organized Trades and Labor Unions, forerunner of the American Federation of Labor, passed a resolution stating that "8 hours shall constitute a legal day's work from and after May 1, 1886."
    1885 (United States)
    Ten coal-mining activists ("Molly Maguires") were hanged in Pennsylvania.
    March 1886 (United States)
    The Great Southwest Railroad Strike of 1886 was a labor union strike against the Union Pacific and Missouri Pacific railroads involving more than 200,000 workers.
    1 May 1886 (United States)
    Workers protested in the streets to demand the universal adoption of the eight hour day. Hundreds of thousands of American workers had joined the Knights of Labor.

    Timeline of labor issues and events - Wikipedia, the free encyclopedia

    By the late 1800s, states and territories had passed over 1,600 laws regulating work conditions and limiting or forbidding child labor. In many cases the laws did not apply to immigrants, thus they were often exploited and wound up living in slums working long hours for little pay.

    Throughout America, local child labor laws were often ignored. On a national level, progress to protect children stalled as the U.S. Supreme Court ruled several times that child labor laws under question were unconstitutional. A subsequent attempt to pass an amendment to the U.S. Constitution failed.

    In 1904, the National Child Labor Committee was organized by socially concerned citizens and politicians, and was chartered by Congress in 1907. From 1908 to 1912, photographer Hine documented numerous gross violations of laws protecting young children. At many of the locations he visited, youngsters were quickly rushed out of his sight. He was also told youngsters in the mill or factory had just stopped by for a visit or were helping their mothers.

    The History Place - Child Labor in America: About Photographer Lewis Hine

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  8. #78
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    Re: Rich-Poor gap widening

    We just ended our chapter of this 'wealth/poor gap' in my Social Problems class - Professor Petray said "The rich keep getting more wealthier and the poor keep getting more children"
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

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    Re: Rich-Poor gap widening

    Quote Originally Posted by Aunt Spiker View Post
    We just ended our chapter of this 'wealth/poor gap' in my Social Problems class - Professor Petray said "The rich keep getting more wealthier and the poor keep getting more children"
    That's not new.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Rich-Poor gap widening

    $0.00

    .....if you want People as close to $0.00 as possible.......vote Liberal

    ....if you want People as far away from $0.00 as possible.....vote Conservative
    .
    .
    .
    .

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