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Way to miss the whole point as usual lol...The Demise of the American Middle Class In Numbers.
Over the past 30 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 – Congratulations to Emmanuel Saez
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--March 10, 2016
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
Over the past 63 years worker productivity has grown by 2.0% per year.
That's fabulous! Did the workers do it by growing bigger brains every year?
They must look like this by now.....
Or is their productivity due to massive investments in equipment and technology by the business owners, you know, the top 10%?
Way to miss the whole point as usual lol...The Demise of the American Middle Class In Numbers.
Over the past 30 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 – Congratulations to Emmanuel Saez
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--March 10, 2016
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
Over the past 63 years worker productivity has grown by 2.0% per year.
That's fabulous! Did the workers do it by growing bigger brains every year?
They must look like this by now.....
Or is their productivity due to massive investments in equipment and technology by the business owners, you know, the top 10%?
BS gossip, and no Clinton overseas accounts. TYVMIf you weren't so ignorant you'd be a conservative.Link to that bs, dupe?Why do the Clintons have offshore accounts?He compromised with Reaganists and failed to tax the bloated rich and giant corps enough, so yes.Damn that Bill Clinton.
After touting estate tax, Bill and Hillary Clinton seize on loopholes
The Clintons’ connection to the Panama Papers
Clinton's ties to Offshore Tax Havens
Exposing The Clinton Global Financial Network - Breitbart
Clintons Have Three Cayman Island Accounts | Sweetness & Light
If you worked on the CBOE I can fully understand why you had your head in your portfolio and noticed nothing going on around you.
You're going to tell me you didn't see US money and factories leaving the US and that Black Monday didn't destroy hundreds of businesses in Chicago.
You're so full of shit I wouldn't be surprised if the font of your postings started turning brown.
And of course you didn't notice the Top 8 Accounting Firms becoming the Top 4 and thousands of people being laid off.
You really are a major sociopath.
The Crash had nothing to do with Supply Side.
A week earlier, the Prime Rate jumped to 9.25%.
James Baker, over the weekend, threatened the Germans with a devaluation of the dollar.
Huge market declines occurred in Asia, before the NYSE opened.
Program trading...portfolio insurance...these were all contributing factors.
Is everyone who points out your idiocy a sociopath, or is that just me?
To use Market nomenclature, you are cherry picking Transactions out of an Order.
And I've never seen any serious person, anywhere, pick out Supply Side Economics as the cherry.
I'm sorry that your career as an accountant went down hill after 1987.
Must have been Reagan. LOL!
I was a software developer and it WAS Reagan who flooded in the Japanese and Chinese, non-English speaking Visas to replaced tens of thousands of Americans.
As if you didn't know that.
Supply side economics says cut taxes, reduce regulations.
It didn't mention visas.
Thank goodness Clinton and Obama ended this terrible visa flood.
Reaganism has wrecked the nonrich and the country, and continues to do so...duh.Way to miss the whole point as usual lol...The Demise of the American Middle Class In Numbers.
Over the past 30 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 – Congratulations to Emmanuel Saez
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--March 10, 2016
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
Over the past 63 years worker productivity has grown by 2.0% per year.
That's fabulous! Did the workers do it by growing bigger brains every year?
They must look like this by now.....
Or is their productivity due to massive investments in equipment and technology by the business owners, you know, the top 10%?
Feel free to explain it to me, lefty master of economics. LOL!
There is nothing in there about Clinton offshore accounts duh. Just malevolent gossip and guilt by association. The usual RW propaganda, dupe.View attachment 71887BS gossip, and no Clinton overseas accounts. TYVMIf you weren't so ignorant you'd be a conservative.Link to that bs, dupe?Why do the Clintons have offshore accounts?He compromised with Reaganists and failed to tax the bloated rich and giant corps enough, so yes.
After touting estate tax, Bill and Hillary Clinton seize on loopholes
The Clintons’ connection to the Panama Papers
Clinton's ties to Offshore Tax Havens
Exposing The Clinton Global Financial Network - Breitbart
Clintons Have Three Cayman Island Accounts | Sweetness & Light
You're being disengenuous. W was pure pander to the greedy rich and was a TOTAL catastrophe in every possible way. Obama is the best of the 3 but totally obstructed by mindless Pubs.The Crash had nothing to do with Supply Side.
A week earlier, the Prime Rate jumped to 9.25%.
James Baker, over the weekend, threatened the Germans with a devaluation of the dollar.
Huge market declines occurred in Asia, before the NYSE opened.
Program trading...portfolio insurance...these were all contributing factors.
Is everyone who points out your idiocy a sociopath, or is that just me?
To use Market nomenclature, you are cherry picking Transactions out of an Order.
And I've never seen any serious person, anywhere, pick out Supply Side Economics as the cherry.
I'm sorry that your career as an accountant went down hill after 1987.
Must have been Reagan. LOL!
I was a software developer and it WAS Reagan who flooded in the Japanese and Chinese, non-English speaking Visas to replaced tens of thousands of Americans.
As if you didn't know that.
Supply side economics says cut taxes, reduce regulations.
It didn't mention visas.
Thank goodness Clinton and Obama ended this terrible visa flood.
Clinton/GW/Obama...no difference; a difference would piss off their contributors.
Obama ran for his 2nd Term on Business Visas and Off-shoring and dropped these issues the moment he won.You're being disengenuous. W was pure pander to the greedy rich and was a TOTAL catastrophe in every possible way. Obama is the best of the 3 but totally obstructed by mindless Pubs.To use Market nomenclature, you are cherry picking Transactions out of an Order.
And I've never seen any serious person, anywhere, pick out Supply Side Economics as the cherry.
I'm sorry that your career as an accountant went down hill after 1987.
Must have been Reagan. LOL!
I was a software developer and it WAS Reagan who flooded in the Japanese and Chinese, non-English speaking Visas to replaced tens of thousands of Americans.
As if you didn't know that.
Supply side economics says cut taxes, reduce regulations.
It didn't mention visas.
Thank goodness Clinton and Obama ended this terrible visa flood.
Clinton/GW/Obama...no difference; a difference would piss off their contributors.
Hilarious watching President Barry "Goldman Sachs" Obama mocking you.You're being disengenuous. W was pure pander to the greedy rich and was a TOTAL catastrophe in every possible way. Obama is the best of the 3 but totally obstructed by mindless Pubs.To use Market nomenclature, you are cherry picking Transactions out of an Order.
And I've never seen any serious person, anywhere, pick out Supply Side Economics as the cherry.
I'm sorry that your career as an accountant went down hill after 1987.
Must have been Reagan. LOL!
I was a software developer and it WAS Reagan who flooded in the Japanese and Chinese, non-English speaking Visas to replaced tens of thousands of Americans.
As if you didn't know that.
Supply side economics says cut taxes, reduce regulations.
It didn't mention visas.
Thank goodness Clinton and Obama ended this terrible visa flood.
Clinton/GW/Obama...no difference; a difference would piss off their contributors.
Reaganism has wrecked the nonrich and the country, and continues to do so...duh.Way to miss the whole point as usual lol...The Demise of the American Middle Class In Numbers.
Over the past 30 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 – Congratulations to Emmanuel Saez
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--March 10, 2016
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
Over the past 63 years worker productivity has grown by 2.0% per year.
That's fabulous! Did the workers do it by growing bigger brains every year?
They must look like this by now.....
Or is their productivity due to massive investments in equipment and technology by the business owners, you know, the top 10%?
Feel free to explain it to me, lefty master of economics. LOL!
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.
Hilarious. Commie lover is still continuing his hissy fit over Reagan destroying his version of utopia.Army, Navy, Air Force all are shooting down missiles with lasers.Never happened except on the Pub Dupe Propaganda Machine. Gorby did it- we're lucky Raygun's idiotic bluster didn't bring back the hardliners.What a joke...Still experimental BS....those are little ski-boats with a black plastic target lol.
Poor little pointy headed Progressive will never forgive Reagan for beating his home team, the USSR
Yeah great, Star War lasers only cost 33 billion just under Raygun and now we can blow up BLACK plastic targets on clear days from under 200 ft lol ("take out 2 ships LOL).. RW IDIOCY. And that's how he destroyed the USSR. Only on Fox etc etc etc. Brainwashed functional morons.
Evil Soviet Empire is no more.
Thank God for Ronald Reagan.
Total bs, ignoramus.
And that was with Carter deregulating about 72 Industries.Hilarious. Commie lover is still continuing his hissy fit over Reagan destroying his version of utopia.Army, Navy, Air Force all are shooting down missiles with lasers.Never happened except on the Pub Dupe Propaganda Machine. Gorby did it- we're lucky Raygun's idiotic bluster didn't bring back the hardliners.Poor little pointy headed Progressive will never forgive Reagan for beating his home team, the USSR
Yeah great, Star War lasers only cost 33 billion just under Raygun and now we can blow up BLACK plastic targets on clear days from under 200 ft lol ("take out 2 ships LOL).. RW IDIOCY. And that's how he destroyed the USSR. Only on Fox etc etc etc. Brainwashed functional morons.
Evil Soviet Empire is no more.
Thank God for Ronald Reagan.
Total bs, ignoramus.
!2% inflation
18% mortgage rates
21% other loans
Gas lines, shortages
Yeah, some Utopia.
And that was with Carter deregulating about 72 Industries.Hilarious. Commie lover is still continuing his hissy fit over Reagan destroying his version of utopia.Army, Navy, Air Force all are shooting down missiles with lasers.Never happened except on the Pub Dupe Propaganda Machine. Gorby did it- we're lucky Raygun's idiotic bluster didn't bring back the hardliners.
Yeah great, Star War lasers only cost 33 billion just under Raygun and now we can blow up BLACK plastic targets on clear days from under 200 ft lol ("take out 2 ships LOL).. RW IDIOCY. And that's how he destroyed the USSR. Only on Fox etc etc etc. Brainwashed functional morons.
Evil Soviet Empire is no more.
Thank God for Ronald Reagan.
Total bs, ignoramus.
!2% inflation
18% mortgage rates
21% other loans
Gas lines, shortages
Yeah, some Utopia.
RR was probably one of the biggest liars to ever occupy the WH. And when that off the table....he just forgot.
RR was probably one of the biggest liars to ever occupy the WH. And when that off the table....he just forgot.
If you like your plan you can keep it
Nah, Clinton was easily the biggest liar, followed closely by Obama. During the Clinton administration the leftwing press even broadcast stories about how lying was a good thing in an attempt to make him look not quite as sleazy as he is.RR was probably one of the biggest liars to ever occupy the WH. And when that off the table....he just forgot.
Nah, Clinton was easily the biggest liar, followed closely by Obama. During the Clinton administration the leftwing press even broadcast stories about how lying was a good thing in an attempt to make him look not quite as sleazy as he is.RR was probably one of the biggest liars to ever occupy the WH. And when that off the table....he just forgot.
