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Biggest Increase In Income In 50 Years

Abbazorkzog said:
What a load of crap.
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income is up but only now to about 1999 levels.

"Despite major increases in productivity, the median male worker in America today is making $726 dollars less than he did in 1973, while the median female worker is making $1,154 less than she did in 2007, after adjusting for inflation."- Bernie Sanders


“The problem is, 80% of the American people are still living on what they were living on the day before the [2008 finnan*cial] crash. And about half the American people, after you adjust for inflation, are living on what they were living on the last day I was president 15 years ago. So that’s what’s the matter.” -Bill Clinton
 
James972 said:
income is up but only now to about 1999 levels.

"Despite major increases in productivity, the median male worker in America today is making $726 dollars less than he did in 1973, while the median female worker is making $1,154 less than she did in 2007, after adjusting for inflation."- Bernie Sanders


“The problem is, 80% of the American people are still living on what they were living on the day before the [2008 finnan*cial] crash. And about half the American people, after you adjust for inflation, are living on what they were living on the last day I was president 15 years ago. So that’s what’s the matter.” -Bill Clinton
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The income has moved to the top 1/10th of the top 1%. It's what we liberals call "income disparity". Conservatives recognize it also, they just call it "income stagnation", but it's the exact same thing.
 
This started in the mid 1970s, but we didn't immediately recognize it, we just thought that our economic woes were due to inflation and energy shortages. Slightly later, we called it "stagflation" because after adjusting for inflation, the median income had stagnated, but a stagnated median income while the real income of the top 1% soars is what it is regardless of the inflation rate.
 
James972 said:
dear, we can all link "evidence" from 1000 websites. Do you understand? For 2nd time: any reason to think that or just BSing
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For the millionth time, stop calling me "Dear."

And since you are too lazy to click a link and read:

Sales had been rising during the past year, but then slowed down due to low inventory levels. Still, there were over five million sales in July 2016.

the median existing-home price in July 2016 was $244,100, up 5 percent from July 2015, constituting 53 consecutive months of year-over-year gains.

Foreclosures and short sales were five percent of sales in July, the lowest since the recession of 2008, indicating continuing recovery.

Building permits in July were at 1,152,000, .9 percent above the July 2015 estimate.

Privately-owned housing starts in July were 1,211,000, 5.6 percent above the July 2015 rate.

https://www.progress.org/articles/status-update-2016-the-real-estate-boom-and-bust
 
Geoist said:
For the millionth time, stop calling me "Dear."

And since you are too lazy to click a link and read:

Sales had been rising during the past year, but then slowed down due to low inventory levels. Still, there were over five million sales in July 2016.

the median existing-home price in July 2016 was $244,100, up 5 percent from July 2015, constituting 53 consecutive months of year-over-year gains.

Foreclosures and short sales were five percent of sales in July, the lowest since the recession of 2008, indicating continuing recovery.

Building permits in July were at 1,152,000, .9 percent above the July 2015 estimate.

Privately-owned housing starts in July were 1,211,000, 5.6 percent above the July 2015 rate.

https://www.progress.org/articles/status-update-2016-the-real-estate-boom-and-bust
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so you agree that incomes are only now back to 1999 levels thanks to liberal mismanagement of our economy??
 
I just got a raise this week! Woooo!
 
James972 said:
so you agree that incomes are only now back to 1999 levels thanks to liberal mismanagement of our economy??
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The wealth gap has expanded thanks to the policies of both parties, and it tends to expand during economic recovery, so your claim supports my point. Our economy returns to the same old 18 year cycle despite their policies, but they are setting us up for a collapse bigger than 2008 the next time around.
 
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Lafayette said:
Defeatist. You should be living in Syria or the Congo.

You have much to learn - and the ability to change things politically.

So enough of posting claptrap ...
_____________________
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You are just another programed droid who has drunken the KoolAid. There is no possibility of changing things politically because the entire game is rigged. There is no such thing as free elections in the US. It is all just a giant scam and only morons play along. Idiocracy has become reality...
 
James972 said:
so trillions each year in welfare entitlements serve only the wealthy who are not eligible for the welfare entitlements but must pay for them ?????????? 1+1=2 We are in kindergarten here.
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Let me explain this to you seeing as you are obviously not bright enough to figure it out on your own. The government steals the money from the working middle class in the form of taxes and gives it out in the form of entitlements which are then spent on consumables which profits Walmart, Standard Oil, Monsanto, Albertsons, etc.
The SNAP program allows entitlement money to be funneled to McDonalds, Starbucks, and many more multi billion dollar corporations.

EVERTHING is done to benefit the wealthy, at the expense of the working class. It also provides the additional benefit of preventing unrest among the lower classes so that the status quo can continue to bleed the people of the country dry.
 
jdog said:
The government steals the money from the working middle class in the form of taxes.
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wrong of course the top1% pay 44% of all federal taxes while the working middle class pay almost nothing. 1+1=2
 
jdog said:
The SNAP program allows entitlement money to be funneled to McDonalds, Starbucks.
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wrong as always!! food stamps cant be spent at restaurants except in a few state by the elderly who cant prepare food at home.
 
James972 said:
wrong of course the top1% pay 44% of all federal taxes while the working middle class pay almost nothing. 1+1=2
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OK genius, lets see your calculation on the TOTAL tax burden as a percentage of income. Oh and please do not forget to include the effect of indirect taxes, which is the amount of cost associated with all consumables due to the tax burden placed upon production of goods at every stage of the production and retail process.
 
james972 said:
wrong as always!! Food stamps cant be spent at restaurants except in a few state by the elderly who cant prepare food at home.
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horsh*t!
 
jdog said:
horsh*t!
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of course if true you would not be so afraid to present your evidence. What do we learn from your fear??
 
jdog said:
OK genius, lets see your calculation on the TOTAL tax burden as a percentage of income.
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our subject is % of all federal taxes, not % of total incomes. A supermarket collects money equally from rich and poor. Govt should do the same.
 
James972 said:
of course if true you would not be so afraid to present your evidence. What do we learn from your fear??
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So does Subway take EBT / Food Stamps / SNAP

Many Subway orders are eligible for EBT purchases, as long as they are cold and take out orders. Pretty good, right? Although orders from Subway technically are eligible for EBT purchases, Subway doesn’t state either way on their site whether they accept EBT or not. It is widely reported that they do – especially in four key states of Arizona, California, Florida and Michigan. It’s almost like, Subway must accept EBT as per the government requirements but Subway doesn’t necessarily enjoy doing it. Thanks to a legal caveat, means EBT can be used in certain restaurants. So does Subway take EBT? Yes.


Yum! Brands, based in Louisville, Ky., which operates a string of restaurants that includes Taco Bell, KFC, Long John Silver’s and Pizza Hut, are among those applying for inclusion in the food stamp program, saying that elderly, disabled and homeless people have difficulty preparing meals, ABC affiliate WHAS reported.

Here’s a quick list of fast food restaurants in states that already accept food stamps for restaurant meals:

Michigan:

Church’s Chicken

Kentucky Fried Chicken

McDonald’s

Subway

Grandma’s Famous Chicken

Eight Mile Pancake House

Mr. T’s BBQ

Vito’s Pizza

California:

Jack in the Box

Subway

El Pollo Loco

Papa Murphy’s Pizza

Florida

KFC

Taco Bell

Pizza Hut

Papa Murphy’s Pizza

Arizona

Domino’s Pizza

Golden Corral

Southern Cuisine

Rally’s Hamburger
 
jdog said:
So does Subway take EBT / Food Stamps / SNAP

Many Subway orders are eligible for EBT purchases, as long as they are cold and take out orders. Pretty good, right? Although orders from Subway technically are eligible for EBT purchases, Subway doesn’t state either way on their site whether they accept EBT or not. It is widely reported that they do – especially in four key states of Arizona, California, Florida and Michigan. It’s almost like, Subway must accept EBT as per the government requirements but Subway doesn’t necessarily enjoy doing it. Thanks to a legal caveat, means EBT can be used in certain restaurants. So does Subway take EBT? Yes.


Yum! Brands, based in Louisville, Ky., which operates a string of restaurants that includes Taco Bell, KFC, Long John Silver’s and Pizza Hut, are among those applying for inclusion in the food stamp program, saying that elderly, disabled and homeless people have difficulty preparing meals, ABC affiliate WHAS reported.

Here’s a quick list of fast food restaurants in states that already accept food stamps for restaurant meals:

Michigan:

Church’s Chicken

Kentucky Fried Chicken

McDonald’s

Subway

Grandma’s Famous Chicken

Eight Mile Pancake House

Mr. T’s BBQ

Vito’s Pizza

California:

Jack in the Box

Subway

El Pollo Loco

Papa Murphy’s Pizza

Florida

KFC

Taco Bell

Pizza Hut

Papa Murphy’s Pizza

Arizona

Domino’s Pizza

Golden Corral

Southern Cuisine

Rally’s Hamburger
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so your point is that food stamps were created to benefit the wealthy not those on food stamps????
 
James972 said:
our subject is % of all federal taxes, not % of total incomes. A supermarket collects money equally from rich and poor. Govt should do the same.
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Wrong Einstein, the subject is the rise in income of all people. Now you are trying your best to be intellectually dishonest by using statistics as a deception, but that will not work here. The fact is that the economy is in the toilet, home ownership is at all time lows, as is the employment participation rate. The US standard of living is in the toilet because between taxes and interest paid to banks, the vast majority of all income ever make by the working class will be confiscated by either government, healthcare, or banks. The average American is simply a self sustaining wage slave who will die nearly broke after a lifetime of hard labor.
 
jdog said:
The fact is that the economy is in the toilet,
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with 95% employment, 100 million smart phone computers, and $500 billion spent on pets each year it hard to make that case. If you want to make the case that incomes are not rising much for most I'll agree..
 
jdog said:
How do you reconcile a 95% employment rate with a 63% employment participation rate? http://www.google.com/url?sa=t&rct=...-force&usg=AFQjCNGUt--9brCiIsgqoRfKUZh14EeoOQ
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The lfpr isn't a measure of unemployment. That's how. It's a demographic measurement.

You can have no job at all, and still be included as "in the labor force" with the lfpr metric.

The lfpr could be 90%, and we could have 1% unemployment or 99% unemployment - there isn't a connection between the metrics.

But even at 63%, that's historically the highest it has ever been prior to the late 1970's.
 
imagep said:
The lfpr isn't a measure of unemployment. That's how. It's a demographic measurement.
.
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well when the Fed and others use the number they use participation among the working age population, but even that is fraught with problems.
 
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