If this is true, we are in trouble...

Discussion in 'Politics' started by gipper, Oct 21, 2018.

  1. gipper
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    gipper Libertarian/Anarchist

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    These statistics are claimed to be true:
    1. 50% of American wage earners earn less than $30k.
    2. 63% of Americans can’t afford a $1,000 emergency.
    3. 80% of American workers live pay check to pay check.
    4. Since 1973 American productivity has increased by 77%, yet hourly pay has grown by 12%. If the minimum wage was tracked to productivity, it would be over $20 an hour today.
    5. 41% of American workers earn less than $12 per hour, with most without employer provided HC.
    6. Since 2008 the federal government and the Fed created $26 trillion out of nothing. Was any of this enormous sum spent on infrastructure, public education, universal HC, bail out 5.1 million people who lost their homes?

    Not a pretty picture for the poor and middle class. Hopefully things are improving or we are headed for big trouble.
     
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  2. 2aguy
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    2aguy Diamond Member

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    Trump is doing his best to fix this..... the more democrats we vote out of office the better off these people will be......

    That is why November is so important....democrats thrive on poverty, racism, hate and violence......
     
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  3. Marion Morrison
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    Marion Morrison Diamond Member

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    Not sure how accurate those stats are, but things have changed since I was a young man starting out.

    Back then, I was taught:

    1 week's pay is for housing. The next week's is for food and bills. The next 2, you either spend or save.

    It doesn't work like that now. It still does for me, somehow, but not for many.

    Certainly not for anyone in the position I was in back then.

    I was making $1150/wk back then..that included side jobs.
     
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    Last edited: Oct 21, 2018
  4. sparky
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    sparky Gold Member

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    All your points have validity , but all won't be solved by any given politician OR election

    Nothing in our lives will change this November , because this is a course we've been on for a generation.

    The rich get richer, the poor get poorer in America , that's FACT

     
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  5. 2aguy
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    2aguy Diamond Member

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    No...the rich get richer and the poor get richer....in America, not so for the rest of the world...our "poor" live better than the middle class of Europe.
     
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  6. Camp
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    Camp Gold Member

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    Same here, but the third week was for a car or pick-up. Spending and saving came from side jobs or second job.
     
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  7. Lysistrata
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    Lysistrata Gold Member

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    How so? What have republicans done to fix this?
    From where I'm sitting personally, one thousand dollars means very little. It's just something that happens.

    Try facing the facts of what happens to hundreds of thousands of working people.
     
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  8. Tehon
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    Tehon Gold Member

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    Capitalism is eating itself just as Marx predicted.
     
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  9. AntiTrump
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    AntiTrump VIP Member

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    There's no proof trump is trying to fix things else you're talking about tax cuts for the rich and his other disgraceful policies.
     
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  10. 2aguy
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    2aguy Diamond Member

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    The economy is now going great, unemployment is down, job opportunites are up, and even for Black and Hispanics in America unemployment is down at historic levels.....

    You don't know what you are talking about.
     
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