sealybobo
Diamond Member
- Jun 5, 2008
- 123,245
- 21,901
- Thread starter
- #361
Do you think it means there is something wrong with those people or maybe it says something about unregulated free market capitalism?Something’s wrong when 20% of Americans need government assistance to survive.
I showed you that CEO pay has skyrocketed 1322% since 1978. Our pay only went up 18%. And union membership has declined from 35% to 9% in that time. 45 years roughly.
In 1964, 19.0 percent of the population lived in official poverty. The rate fell to 11.1percent by 1973 following the economic expansions in the 1960s and early 1970s. Following the recessions in 1980, 1981, and 1990, the official poverty rate increased tojust above 15 percent.3The rate fell substantially with the growing economy of the1990s, once again approaching 11 percent by 2000. Beginning with the brief recession in 2001, the official poverty rate began to rise nearlycontinuously during the first decade of the new century, growing more quickly with theonset of the Great Recession in 2007 before beginning to decline again during economicrecovery.