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re: Interesting Chart on Income Adjusted for Inflation since 70's
Posted on 10/3/14 at 1:11 pm to Hawkeye95
Posted on 10/3/14 at 1:11 pm to Hawkeye95
quote:
I know its not a popular thought here, but I firmly believe most people would like to make a good living and support their family.
You don't interact with people on welfare much, do you?
1
Posted on 10/3/14 at 1:14 pm to Hawkeye95
quote:
But if we see the continuation of what we have seen in the last 10 years or so, we are fricked.
IMO to assess how at-risk of something like this we are, we need to see the actual final consumption resources of the income classes over time. That's why we need these charts to be adjusted for taxes and transfers.
I'd expect your 10-year scenario only to be true if the government ran out of money somehow, and lost the ability to make transfer payments. Only then would I expect widespread crime and violence.
Posted on 10/3/14 at 1:27 pm to NC_Tigah
quote:
What EXACTLY do you think should happen? You think unskilled wages should increase greater than rate of inflation?
This.
The value of unskilled labor are the same.....and they are increasing expectations from skilled labor.
Posted on 10/3/14 at 1:33 pm to a want
If you look at the start of the growth of income inequality it directly correlates with the increase in size of the Government. Welfare, corporate subsidies, higher taxes, more regulation. Yet those on the left think by having more welfare, taxes, regulation will fix the problem.
What's the definition of insanity again?
What's the definition of insanity again?
Posted on 10/3/14 at 1:41 pm to deltaland
I have yet to hear anyone try to propose a solution to this. All I hear is "This is what repubs want rabble rabble"...."liberals love lazy people rabble rabble".
It's not surprising though, that's pretty much what politics has become.
It's not surprising though, that's pretty much what politics has become.
Posted on 10/3/14 at 1:54 pm to rintintin
Yea and they completely ignore that under Obama inequality has been the highest ever, and median income has dropped for the first time in decades.
Posted on 10/3/14 at 1:54 pm to BobBoucher
quote:
not suprised. Remember the good-ole days when one income would support a household? Back then the top 1% didnt get 95% of the earnings increases.
I supported a family on one income when my first son was born in 1993. I was making about $19K/yr. I now earn much more than that and still support my family of 5 on one income. I'm also not in the top 1%.
Posted on 10/3/14 at 2:55 pm to AUbused
Except back in the '70's, household income was mostly coming from one person.
Through the years, one income couldn't support a household like it used to, and now it's very common to have two incomes per household to make ends meet.
Through the years, one income couldn't support a household like it used to, and now it's very common to have two incomes per household to make ends meet.
Posted on 10/3/14 at 2:58 pm to a want
quote:
You'll really hate it when 75% of voters decide to affect change.
(Hint: the shift will be to the left)
You have less faith in humanity than I. Do you believe the poor are absolutely powerless or do you believe they want free stuff?
Posted on 10/3/14 at 2:59 pm to AUbused
quote:
Unfortunately for you its been proven true over and over in history. Crime, violence, and often revolt stem from a people who have no hope for the future.
This is far from the case in the USA. Do you actually believe our poor are so angry and frustrated they are on the verge of revolution?
Posted on 10/3/14 at 3:00 pm to AUbused
quote:
Yes, if you want to focus on that piece of what the data says. It also says that wages have fallen over 40 years for 40% of the workforce. Im sorry that data doesn't fit your model of the world and makes up upset. You seem to feel threatened by facts. The non-fiction section of the library must be a nightmare for you.
It's probably directly related to subsidizing the poor.
Posted on 10/3/14 at 3:10 pm to AUbused
quote:That's what happens when resources are siphoned away from productive activities and used for non-productive (political) ends.
It also says that wages have fallen over 40 years for 40% of the workforce.
What else would you expect to happen when you take the funds necessary to maintain and grow the economy out of the hands of proven business leaders, who know how to employ such funds to improve the existing capitol structure and thereby improve the productivity and living standards of all workers, and give it to politicians who waist it.
Posted on 10/3/14 at 3:12 pm to 90proofprofessional
quote:Well, it's NPR, so.
This data doesn't track individuals, who jump between classes like crazy.
It also assumes a constant household composition ... a known bad assumption.
It also uses a measure that overestimates inflation ...
it makes no comparison of standard of living changes over time ...
doesn't measure the actual resources these classes get to take home. These numbers are pre-tax, pre-transfer.
Posted on 10/3/14 at 3:20 pm to RogerTheShrubber
quote:
Do you actually believe our poor are so angry and frustrated they are on the verge of revolution?
No, but since I didnt say that it should have been obvious.
However, there is absolutely a correlation between US poverty and crime.
Posted on 10/3/14 at 3:21 pm to LSUnKaty
quote:
Well, it's NPR, so.
Yes, NPR the well know slanted liberal bastion.
Good thing the venerable Fox News is there to save the day of integrity in news reporting.
Posted on 10/3/14 at 3:22 pm to LSUnKaty
quote:
What else would you expect to happen when you take the funds necessary to maintain and grow the economy out of the hands of proven business leaders, who know how to employ such funds to improve the existing capitol structure and thereby improve the productivity and living standards of all workers, and give it to politicians who waist it.
You sound like a partisan robot.....as such I'll be avoiding any real conversation with you. Enjoy your day.
Posted on 10/3/14 at 3:25 pm to AUbused
quote:
However, there is absolutely a correlation between US poverty and crime.
Poverty in the US is relatively minor compared to what it used to be. Our poor aren't on the verge of revolution.
Posted on 10/3/14 at 3:28 pm to AUbused
What this shows is that, since 2000, inflatin adjusted income is down, virtually across the board (undetermined for the highest 1% of earners).
Posted on 10/3/14 at 3:28 pm to RogerTheShrubber
quote:
Poverty in the US is relatively minor compared to what it used to be. Our poor aren't on the verge of revolution.
Is this your shtick around here? Go around just coming up with random shite and attributing it to people who didn't say it?
No, thanks.
Posted on 10/3/14 at 3:29 pm to BobBoucher
quote:I remember tjise days too. And houses were a lot smaller.
not suprised. Remember the good-ole days when one income would support a household? Back then the top 1% didnt get 95% of the earnings increases.
Hint:"the rich" aren't forcing us to buy bigger houses.
This post was edited on 10/3/14 at 3:30 pm
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