Historic High for WAGE earners

Discussion in 'Current Events' started by LuvRPgrl, Jan 29, 2008.

  1. LuvRPgrl
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    LuvRPgrl Senior Member

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  2. rayboyusmc
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    rayboyusmc Senior Member

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    http://online.wsj.com/public/article/SB114341649383308604-nD9yJIDaBrnnGoDZYhxAfVf7Sbg_20070326.html
     
  3. Toro
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    Toro Diamond Member

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  4. Zoomie1980
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    Zoomie1980 Senior Member

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    Define "high" unemployment. Still running at historic LOWS and still almost HALF that of western Europe where all the socialist democracies continue to suffer from double digit unemployment.

    When I entered the workforce in the late 1970's unemployment was over 10%....what is now?

    Profits? What is different today, that the left-wing populist rhetoric no longer really gets, is that we have largely transitioned into an ownership society, not an entitlement. The 401k, the most common retirement vehicle today, mostly invested in stock equities, now makes the "working class" stockholders....so profits are a GOOD thing for the working class, not a bad thing.

    This isn't 1950 anymore.... which makes the old populist talking points, mostly nonsense in today's reality.
     
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  5. BaronVonBigmeat
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    BaronVonBigmeat Senior Member

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    The stock market has been mostly stagnant or falling, if you measure it in any currency or commodity other than dollars.

    The gains in wages in the original source above are measured in current dollars. Unfortunately, the government understates inflation quite a bit. The methodology for measuring it was changed during the 80's and again in the mid 90's. Unemployment is likewise not measured the way it was in the 70's.
     
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  6. Helios
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    Helios Member

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    You beat me to mentioning inflation is the main factor in why that graph goes up. Concur.
     
  7. nibor
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    nibor Senior Member

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  8. midcan5
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    midcan5 liberal / progressive

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    They show a decline in poverty till Ronnie and W got their way.:rofl:
     
  9. maineman
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    maineman BANNED

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    six percent in seven years? and you think that is GOOD news????
     
  10. nibor
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    nibor Senior Member

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    ACTUALLY the first chart is a total deception........................and blatantly dishonest.............quite pitiful....:eusa_whistle:
     

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