BS, dupe! After 30 years of Voodoo: worst min. wage, work conditions, illegal work safeguards, vacations, work week, college costs, rich/poor gap, upward social mobility, % homeless and in prison EVER, and in the modern world!!
That's right, the EU, OZ, NZ have better upward mobility - SEE EDUCATION AND TRAINING.
BS, dupe! After 30 years of Voodoo: worst min. wage, work conditions, illegal work safeguards, vacations, work week, college costs, rich/poor gap, upward social mobility, % homeless and in prison EVER, and in the modern world!!
That's right, the EU, OZ, NZ have better upward mobility - SEE EDUCATION AND TRAINING.
Your ignorance and desperation is duly noted!
Idiot dupe...
Search Results
U.S. lags behind peer countries in mobility | Economic Policy Institute
www.epi.org/publication/usa-lags-peer-countries-mobility/
Oct 10, 2012 - The notion that anyone in America who is willing and able to “pull themselves up by their bootstraps” can achieve significant upward mobility is ...
Economic Mobility -- United States Compared to Europe ...
www.nationalreview.com/.../economic-mobility-united-states-compared-europe-scand...
Jul 6, 2015 - Does the U.S. Have Lower Economic Mobility than Other Countries? ... ends up in the middle fifth as an adult, that is upward relative mobility.
Is it easier to obtain the American Dream in Europe? | PunditFact
www.politifact.com/punditfact/statements/.../it-easier-obtain-american-dream-europe/
Dec 19, 2013 - But the United States is distinct from other countries, research shows, in having "less, not more, intergenerational mobility than do Canada and several European countries." Upward mobility is particularly uncommon for children who are born into families at the lowest income bracket.
If you think upward mobility is easier in Europe then you are clearly much dumber than I thought you were.....and I already had you pegged as a retard.
Typical braindead dupe....Reaganism is killing us- Pander to the rich and bs propaganda, dupe.
The Demise of the American Middle Class In Numbers.
Over the past 35 years the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:
1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.
Over the past 63 years worker productivity has grown by 2.0% per year.
But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):
1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%
A 13% drop since 1980
2. THE TOP 10% GET A LARGER SHARE.
Share of National Income going to Top 10%:
1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%
An increase of 16% since Reagan.
3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.
The savings Rose up to Reagan and fell during and after.
1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)
A 12.3% drop after Reagan.
4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.
Household Debt as percentage of GDP:
1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%
A 45% increase after 1980.
5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.
Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:
1980 = 10%
2003 = 56%
A 5.6 times increase.
6. AND THE AMERICAN DREAM IS GONE.
The Probably of Moving Up from the Bottom 40% to the Top 40%:
1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%
A 10% Decrease.
Links:
1 =
ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 =
https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 =
Clipboard01.jpg (image)
2 –
http://www.whitehouse.gov/omb/blog/09/04/27/CongratulationstoEmmanuelSaez/
3 =
http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 =
U.S. Bureau of Economic Analysis (BEA)
4 =
Federated Prudent Bear Fund (A): Overview
4 =
FRB: Z.1 Release - Financial Accounts of the United States - Current Release
5/6 =
15 Mind-Blowing Facts About Wealth And Inequality In America
Overview =
http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts