Economics: Laughing at the Left!

Discussion in 'Economy' started by PoliticalChic, Nov 1, 2011.

  1. PoliticalChic
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    PoliticalChic Diamond Member

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    1. “Except for the rich, the incomes of Americans have stagnated for years!” A rallying cry the Leftists, and the statistics-challenges. Or, am I being redundant?

    a. Seems easy enough to nail down the statistical proof, one way or another, eh?
    Gosh- what am I saying?... if it wasn’t easy, the Lefties wouldn’t be involved in the first place.


    2. The charge is that there has been very little change in the average real income of American households over a period of decades. And there is proof of that: income adjusted for inflation rose by only 6% from 1969 to 1999…stagnation? There it is: simple proof for the simple mi… never mind.

    a. You see, it is also true that the average real income per person rose by 51% over that same period!!! http://www.census.gov/prod/3/98pubs/p23-196.pdf

    b. The explanation? Changes in the average number of persons per household was declining over that period! It also varies with racial and ethnic groups and with income brackets.

    c. Income comparisons using household statistics are far less reliable indicators of standard of living than individual income data.


    3. Let’s be clear: the broadest and most accurate measure of living standard is real per capita consumption. That measure soared by 74% from 1980 to 2004. U.S. Department of Commerce. Bureau of Economic Analysis

    a. A study of table 7.1 would show that between 1973 and 2004, it doubled. And between 1929 and 2004, real per capita consumption by American workers increased five fold. The fastest growth periods were 1983-1990 and 1992-2004, known as the Reagan boom.


    4. As one can see, the hand-wringers of the Left have a golden opportunity to mislead those unwilling- or unable- to do their own research and analysis…and they do.

    a. “While the incomes of most American households have remained stubbornly flat over the past three decades,… An analysis of household income from 1969 to 1996 showed…” From Barbara Vobejda in the Washington Post.
     
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    Last edited: Nov 1, 2011
  2. Mr. H.
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    Mr. H. Diamond Member

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    Per capita consumption= fast food, candy, chips, soda, PS3's, LCD TV's...
     
  3. Dragon
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    Dragon Senior Member

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    The word "average" in bullet point 2.a invalidates your entire argument.

    Let's see if you can figure out why. ;)
     
  4. PoliticalChic
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    PoliticalChic Diamond Member

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    The specific message of the OP is that an understanding of ecomomics proves that the American worker has prospered over the recent decades, rather than either stagnated or fallen backward.

    The sub text is that those who have been mislead by the Progressives/Leftists/Democrats in their efforts to gain power via a class warfare strategy have acted as uneducated dullards.


    So sad, In Drag, that the subject proved recondite relative to your ability.

    For future reference, keep this in mind:
    Silence is golden. Duct tape is silver.
     
  5. Dragon
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    Dragon Senior Member

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    Right, I understood that that was what you intended to show. But the word "average" in bullet point 2.a of your OP invalidates your entire argument, meaning that you have not shown what you intended to show.

    Again, let's see if you can figure out why.
     
  6. Big Fitz
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    Yep. Kinda like the cry of "The minimum wage should be a living wage".

    Jason Lewis just had a researcher on his show monday I think it was talking about who actually HAD a minimum wage job. In over 90% the jobs were NOT the primary income in a family, but the secondary income OR the job of a child or elderly person included in the family. In cases where you had a single mom, they discovered something more shocking. Most single women on minimum wage jobs over the course of 10 years, did not REMAIN on a minimum wage job for more than a few years before getting off the bottom either by promotion, new job or marriage.

    Why must a secondary job (as found in over 90% of the cases, to belabor a point) be a wage that could support them all? I see no need.

    Oh and also, they found in areas with HIGHER minimum wage through state or local law, unemployment was higher and hiring was much more infrequent, with jobs going to much more qualified candidates, leaving the old and young (second jobbers) unable to find income and making the hardship much worse on the 'single mother' trying to make ends meet. In essence HURTING the poor the worst by eliminating possible job growth through making the positions too costly, so businesses did without because the alternative was to go out of business.

    Oops.

    Damn you empirical evidence! Damn youuuuuuuuuuuuuuu!!!!!!
     
    Last edited: Nov 2, 2011
  7. uscitizen
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    uscitizen Senior Member

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    ahh the age old deception of avg income over avg wages.
    A few Wall street bonuses and such skew the averages all to hell on income.
     
  8. Truthmatters
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    You should easily be able to convince the American people that their lives have improved greatly then right?


    How many have lost their jobs, homes, savings, healthcare, cars and evern a vision of the future where their lives improve?


    Have fun OP
     
  9. Big Fitz
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    Collection agents are always amazed at the poor's ability to maintain the 5 'C's.

    Cellphone
    Car
    Cigarettes
    Candy
    Cable

    But can't pay their bills or rent on time if at all.
     
  10. Truthmatters
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    yeap those righties sure know how to get people voting for them.

    Its as if they dont need real Americans to vote for them so they can just trash them to excite the base.


    I guess they cheat really well
     

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