"To waste, to destroy, our natural resources, to skin and exhaust the land instead of using it so as to increase its usefulness, will result in undermining in the days of our children the very prosperity which we ought by rights to hand down to them."~ Theodore Roosevelt (Message to Congress, Dec. 3, 1907)
Socialism attempts to correct this issue - but it also fails.
So do other more extreme forms of economy control and crafting.
The lesson learned: you cannot keep everyone from being poor, from having to do the mundane crappy jobs and from living a sub-standard life.
Why? Because people have free-will. Some are smarter than others. Some have no ethics and no morals and will lie and thieve to get what they want. Others just don't want to be rich, well off, middle class - and so forth.
You can't fix something that is just part of human nature.
A screaming comes across the sky.
It has happened before, but there is nothing to compare it to now.Pynchon - Gravity's Rainbow
The study suggests that absolute mobility -- the rate at which an entire generation's lot improves relative to previous generations -- has declined. But within a particular generation, individuals can still get ahead if relative mobility, the rate at which the rich and poor trade places, remains high. Poor fathers may have rich sons, and vice versa.
The report also found that between 1947 and 1974, productivity, or output per hour, and median family income, adjusted for inflation, both roughly doubled. Between 1974 and 2000, productivity rose 56% while income rose 29%. Between 2000 and 2005, productivity rose 16% while median income fell 2%, challenging "the notion that a rising tide will lift all boats," the report says.
Not Your Father's Pay: Why Wages Today Are Weaker - WSJ.com
Last edited by Winston Smith; 09-25-10 at 08:11 AM.