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re: Income Inequality - a term I think I despise more than any
Posted on 7/6/25 at 3:20 pm to Violent Hip Swivel
Posted on 7/6/25 at 3:20 pm to Violent Hip Swivel
quote:
America is gradually trending towards a second Gilded Age
A period where wage growth of the skilled laborer rose at a faster rate than any other time?
Sure, bring it on.
1
Posted on 7/6/25 at 3:28 pm to UtahCajun
quote:
A period where wage growth of the skilled laborer rose at a faster rate than any other time?
Sure, bring it on.
Anyone who romanticizes the Gilded Age or considers the Gilded Age as peak America is either incredibly misguided or completely batshit.
Posted on 7/6/25 at 3:31 pm to beerJeep
quote:I like this. You should explain your theory to billionaires who have more than they will ever need but still want more.
Fify.
The cost to live isn’t nearly the same as the cost of want.
Posted on 7/6/25 at 3:36 pm to Violent Hip Swivel
quote:
Anyone who romanticizes the Gilded Age or considers the Gilded Age as peak America is either incredibly misguided or completely batshit
Did wages for the average worker rise more than any other time before or since?
Simple yes or no will suffice.
Posted on 7/6/25 at 3:36 pm to Violent Hip Swivel
quote:
If you're not concerned about the relative gains made by people in the 75th-90th percentile in the last 20 years relative to people in the 10th-25th percentile (the working class and the working poor), then that's your opinion and I will disagree with you.
America is gradually trending towards a second Gilded Age, but we're conditioned as Americans to think "well, I might be rich too one day," so it's no big deal.
Income inequality has not increased in America since 1996.
Posted on 7/6/25 at 3:39 pm to Wednesday
quote:
the American People.”
‘I’m with you. I equally hate hyphenated Americans. No hyphens needed.
Posted on 7/6/25 at 3:41 pm to Skippy1013
quote:
Income Inequality - a term I think I despise more than any
Posted on 7/6/25 at 3:44 pm to BuckI
So they should just quit their jobs and live off what they have earned? Let’s close the businesses down that they own also. That will help with income equality right? People choose to become educated and willing to put in the time and effort to get ahead in life. Others choose a path that helps them earn enough to provide for their families and some extras. What people like you want is for everyone to gain the same amount without having to put in the work to get there. You libs are willing to take from others and redistribute as long as it doesn’t come out of your pockets. If democrat’s actually believe this then why aren’t they leading by example? The “rich” are majority democrats.
Posted on 7/6/25 at 3:48 pm to Violent Hip Swivel
quote:
Anyone who romanticizes the Gilded Age or considers the Gilded Age as peak America is either incredibly misguided or completely batshit.
What on earth are you talking about?
Here is Milton Friedman on the exact period you are claiming was awful
quote:
Far from being a period in which the poor were being ground under the heels of the rich and exploited unmercifully, there is probably no other period in history, in this or any other country, in which the ordinary man had as large an increase in his standard of living as in the period between the Civil War and the First World War, when unrestrained individualism was most rugged. The evidence of this is to be found in the statistics that economists have constructed of what was happening to national income, but it is documented in a much more dramatic way by the numbers of people who came to the United States during that period. That was a time when we had completely unrestricted immigration, when anybody could come to these shores and the motto on the Statue of Liberty had some real meaning. This was a country of hope and of promise for immigrants and their children, and as many as a million immigrants a year came in 1906 and ’07 and ’08. By 1914, roughly a third of the population was foreign-born or the immediate descendants of foreign-born.
quote:
Did people come to this country to be ground under the heels of merciless capitalists? Did they come to make their own conditions worse? There is no more dramatic way in which people can vote than with their feet. The fact that East Germany had to build a wall to keep people from going to West Germany is striking evidence of which country had the better conditions of life. In the same way, the fact that year after year hundreds of thousands of people left the countries of Europe to come to this country was persuasive evidence that they were coming to improve their lot, not to worsen it. Far more effective evidence, I believe, than any statistics on per capita real income, which show that real income went up decade after decade at a rate of about 2, 2.5, 3 percent per year. They came with empty hands. They came from the most deprived groups in the old world, from Czechoslovakia, from Germany, from Italy. It was the poor and the miserable who flocked here, and they found a home and the opportunity to improve their lot. And they found it, not despite rugged individualism but because of rugged individualism. It was rugged individualism that induced the developments in industry, in trade, that offered opportunities for people.
Of course, our condition is far better than theirs. In an absolute sense, their level of living was low. But we must compare their level of living, not to ours but to the level they left in Europe. We stand on their shoulders. We are able to live as well as we do because of their achievements, because of what happened during that period of the nineteenth century. I must say, it seems to me disgraceful for so many people to denigrate the experience of their parents, when that experience has made it possible for them to live in a free society at their present high level.
Posted on 7/6/25 at 3:48 pm to Violent Hip Swivel
quote:10-12 hours work shifts, more for some, for six days a week, sure sounds like paradise.
Anyone who romanticizes the Gilded Age or considers the Gilded Age as peak America is either incredibly misguided or completely batshit.
Coal Miners had it the worst. They were paid in scrip, which could only be used at company stores where prices were much higher than the market. This meant they had to buy the necessities on credit that they could never repay with their wages.
Posted on 7/6/25 at 3:50 pm to Skippy1013
quote:
Do these people who preach this term not understand that different people have various levels of education, talent, expertise and abilities making their services worth more than that of others?
Of course they do. They rely on us to prevent their wishes from becoming reality. They just want to virtue signal.
Posted on 7/6/25 at 3:57 pm to BuckI
quote:
Coal Miners had it the worst. They were paid in scrip, which could only be used at company stores where prices were much higher than the market. This meant they had to buy the necessities on credit that they could never repay with their wages.
Basic human dignity was a commodity, and it was scarce.
Posted on 7/6/25 at 3:58 pm to BuckI
quote:
10-12 hours work shifts, more for some, for six days a week, sure sounds like paradise
Which was actually less than historic periods before then.
quote:
Coal Miners had it the worst. They were paid in scrip, which could only be used at company stores where prices were much higher than the market. This meant they had to buy the necessities on credit that they could never repay with their wages
Yeah, that sucked. However that was happening for centuries. Before that, the miners were slaves.
Anyway, some remark about returning to the guilded age was made. That remark was just plain stupid. Many things made it horrible. Many things made it not so horrible. The fact is, the middle class was born. That isn't a bad thing. Unchecked migration into the US made poverty at it highest as unskilled migrants poored in (didn't we just see that).
Bottom line, Hip Swivel can fear monger all he wants. We are nowhere close to a new guilded age. But if we are, most would benefit from it.
Posted on 7/6/25 at 4:01 pm to Violent Hip Swivel
quote:
Basic human dignity was a commodity, and it was scarce.
what poetic left-wing horse shite
Posted on 7/6/25 at 4:05 pm to Skippy1013
quote:
Income Inequality
I instantly discount the opinion of anyone who uses this term in serious conversation.
This post was edited on 7/6/25 at 4:05 pm
Posted on 7/6/25 at 4:07 pm to UtahCajun
This is all moot point
Income inequality has not increased much at all.
The economic literature on this is wonky and debated, but there are 2 leftwing hack economists named Thomas Pickett and Emmanuel Saez who published widely debunked charts showing massive increases in equality.
It’s a lie.
Auten-splinter paper is the most up to date study on it. Just look how it compares to the absurd Pickety (Psz) numbers
Income inequality has not increased much at all.
The economic literature on this is wonky and debated, but there are 2 leftwing hack economists named Thomas Pickett and Emmanuel Saez who published widely debunked charts showing massive increases in equality.
It’s a lie.
Auten-splinter paper is the most up to date study on it. Just look how it compares to the absurd Pickety (Psz) numbers
Posted on 7/6/25 at 4:11 pm to Skippy1013
I prefer Opportunity Equality, myself.
Posted on 7/6/25 at 4:13 pm to yakster
quote:I never said that, but it is not a bad idea to enjoy the fruits of your labor.
So they should just quit their jobs and live off what they have earned? Let’s close the businesses down that they own also.
quote:No but paying a living wage would.
That will help with income equality right?
quote:If only it were that simple. The price of education is out of reach for most, and even if they can get a loan, is it worth it? Many have struggled to repay it. Many cannot be anything other than laborers.
People choose to become educated and willing to put in the time and effort to get ahead in life. Others choose a path that helps them earn enough to provide for their families and some extras.
quote:I'm talking about people who labor, not those on government assistance.
What people like you want is for everyone to gain the same amount without having to put in the work to get there. You libs are willing to take from others and redistribute as long as it doesn’t come out of your pockets.
quote:They say progressives are smarter because they lead, lol j/k about that. To be serious, they're greedy too. The Democrats are no better than Republicans.
If democrat’s actually believe this then why aren’t they leading by example? The “rich” are majority democrats.
Posted on 7/6/25 at 4:25 pm to BuckI
quote:
I like this. You should explain your theory to billionaires who have more than they will ever need but still want more.
If you make 34k a year you are the 1%
LINK
Spend some time exploring how the 99% of the world’s population lives.
American poverty IS NOT real poverty.
This post was edited on 7/6/25 at 4:29 pm
Posted on 7/6/25 at 4:31 pm to Skippy1013
The sane people that talk about income equality never seem to be hard working people. They are always people that want handouts
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