Taxing The Rich

[Brain357]

But it seems important that the market is broken.

The market isn't broken.

We had super low unemployment and weak wage gains. The strongest gains were from MW hikes. I’d call that broken.

Post the numbers.

Prove me wrong.

You made the claim. Prove it.

It’s common knowledge. If you aren’t aware you don’t belong in this discussion.

Common knowledge?
Then you should have an easy time finding your proof.

Maybe start with CNN?

View attachment 417466

America gets a raise: Wage growth fastest since 2009

The unemployment rate stayed at 4.1%, the lowest in 17 years.

money.cnn.com

Your link says it’s only slightly better than the slow growth we have had for years. And that’s with lots of MW increases.

here you go

American paychecks just aren't getting much bigger -- unless you're rich

Income inequality in the United States worsened in 2019. Earners at the top of the income ladder received the largest increase in their paychecks, according to a report from the Economic Policy Institute.

www.cnn.com

 

[Brain357]

You have no evidence of your claims. Gdp growth went down last year. The tax cuts went right into the pockets of the wealthy.

I can't wait until Thanksgiving to tell my family I found out on USMB that I'm wealthy, because I got a tax break like most other middle-class working folks.

Minimum wage workers represent less than 3% of our workforce. There is no way that "some" state MW increases could have an effect on our overall wage growth.

Of course it had an effect. There is no way it didn’t...

 

[Toddsterpatriot]

But it seems important that the market is broken.

The market isn't broken.

We had super low unemployment and weak wage gains. The strongest gains were from MW hikes. I’d call that broken.

Post the numbers.

Prove me wrong.

You made the claim. Prove it.

It’s common knowledge. If you aren’t aware you don’t belong in this discussion.

Common knowledge?
Then you should have an easy time finding your proof.

Maybe start with CNN?

View attachment 417466

America gets a raise: Wage growth fastest since 2009

The unemployment rate stayed at 4.1%, the lowest in 17 years.

money.cnn.com

Your link says it’s only slightly better than the slow growth we have had for years. And that’s with lots of MW increases.

here you go

American paychecks just aren't getting much bigger -- unless you're rich

Income inequality in the United States worsened in 2019. Earners at the top of the income ladder received the largest increase in their paychecks, according to a report from the Economic Policy Institute.

www.cnn.com

Your link says it’s only slightly better than the slow growth we have had for years.

Better from Jan 2017 - Jan 2018. You must have tons of links that said wage gains were weak
after that, eh?

 

[Brain357]

But it seems important that the market is broken.

The market isn't broken.

We had super low unemployment and weak wage gains. The strongest gains were from MW hikes. I’d call that broken.

Post the numbers.

Prove me wrong.

You made the claim. Prove it.

It’s common knowledge. If you aren’t aware you don’t belong in this discussion.

Common knowledge?
Then you should have an easy time finding your proof.

Maybe start with CNN?

View attachment 417466

America gets a raise: Wage growth fastest since 2009

The unemployment rate stayed at 4.1%, the lowest in 17 years.

money.cnn.com

Your link says it’s only slightly better than the slow growth we have had for years. And that’s with lots of MW increases.

here you go

American paychecks just aren't getting much bigger -- unless you're rich

Income inequality in the United States worsened in 2019. Earners at the top of the income ladder received the largest increase in their paychecks, according to a report from the Economic Policy Institute.

www.cnn.com

Your link says it’s only slightly better than the slow growth we have had for years.

Better from Jan 2017 - Jan 2018. You must have tons of links that said wage gains were weak
after that, eh?

Weak gains.

 

[Brain357]

But it seems important that the market is broken.

The market isn't broken.

We had super low unemployment and weak wage gains. The strongest gains were from MW hikes. I’d call that broken.

Post the numbers.

Prove me wrong.

You made the claim. Prove it.

It’s common knowledge. If you aren’t aware you don’t belong in this discussion.

Common knowledge?
Then you should have an easy time finding your proof.

Maybe start with CNN?

View attachment 417466

America gets a raise: Wage growth fastest since 2009

The unemployment rate stayed at 4.1%, the lowest in 17 years.

money.cnn.com

Your link says it’s only slightly better than the slow growth we have had for years. And that’s with lots of MW increases.

here you go

American paychecks just aren't getting much bigger -- unless you're rich

Income inequality in the United States worsened in 2019. Earners at the top of the income ladder received the largest increase in their paychecks, according to a report from the Economic Policy Institute.

www.cnn.com

Your link says it’s only slightly better than the slow growth we have had for years.

Better from Jan 2017 - Jan 2018. You must have tons of links that said wage gains were weak
after that, eh?

US workers’ compensation growth slowed a bit in 2019

Americans’ pay and benefits rose at a solid pace last year, but at a slower rate than in 2018, the Labor Department said Friday.

apnews.com

 

[Brain357]

Sounds like the market is broken:


The slowdown in salary and benefit growth has been a surprise to economists, since the unemployment rate, currently 3.5%, is at a half-century low and has hovered near that level for most of last year. Businesses typically are forced to pay more and offer better perks when the labor market is so tight.

 

[sartre play]

Step into reality, big business always has & always will go where ever it can get the cheapest labor, some even say that by Refusing to increase the minimum wage & bust unions many work to make American workers cheap labor.

 

[danielpalos]

But it seems important that the market is broken.

The market isn't broken.

We had super low unemployment and weak wage gains. The strongest gains were from MW hikes. I’d call that broken.

Post the numbers.

Prove me wrong.

You made the claim. Prove it.

It’s common knowledge. If you aren’t aware you don’t belong in this discussion.

Common knowledge?
Then you should have an easy time finding your proof.

Maybe start with CNN?

View attachment 417466

America gets a raise: Wage growth fastest since 2009

The unemployment rate stayed at 4.1%, the lowest in 17 years.

money.cnn.com

Inflation was 2.44 percent in 2018.

Projected inflation rate U.S. 2010-2028 | Statista

The inflation rate in the United States is expected to decrease to 2.1 percent by 2028.

www.statista.com

 

[danielpalos]

You have no evidence of your claims. Gdp growth went down last year. The tax cuts went right into the pockets of the wealthy.

I can't wait until Thanksgiving to tell my family I found out on USMB that I'm wealthy, because I got a tax break like most other middle-class working folks.

Minimum wage workers represent less than 3% of our workforce. There is no way that "some" state MW increases could have an effect on our overall wage growth.

An upward pressure on wages on that Institutional basis.

 

[Ray From Cleveland]

Of course it had an effect. There is no way it didn’t...

There is no way it could have. Less than 3% of our workforce isn't even a blip on the radar. It wouldn't move the scale 1/10.

 

[Brain357]

Of course it had an effect. There is no way it didn’t...

There is no way it could have. Less than 3% of our workforce isn't even a blip on the radar. It wouldn't move the scale 1/10.

It hasn’t moved much.

 

[danielpalos]

Step into reality, big business always has & always will go where ever it can get the cheapest labor, some even say that by Refusing to increase the minimum wage & bust unions many work to make American workers cheap labor.

Congress could simply tax firms going overseas for cheaper labor at the minimum wage rate for us labor. There is no first world reason to allow firms to leave for cheaper labor without some Government revenue consequences.

 

[Ray From Cleveland]

It hasn’t moved much.

What it did move has nothing to do with MW increases in a few states. Most middle-class working folks did better, and middle-class is a hell of a lot more than 2.7% of our workforce.

 

[Brain357]

It hasn’t moved much.

What it did move has nothing to do with MW increases in a few states. Most middle-class working folks did better, and middle-class is a hell of a lot more than 2.7% of our workforce.

It has barely moved. You are aware that those who were above min wage, but below the new min wage also get increases right?

 

[Toddsterpatriot]

But it seems important that the market is broken.

The market isn't broken.

We had super low unemployment and weak wage gains. The strongest gains were from MW hikes. I’d call that broken.

Post the numbers.

Prove me wrong.

You made the claim. Prove it.

It’s common knowledge. If you aren’t aware you don’t belong in this discussion.

Common knowledge?
Then you should have an easy time finding your proof.

Maybe start with CNN?

View attachment 417466

America gets a raise: Wage growth fastest since 2009

The unemployment rate stayed at 4.1%, the lowest in 17 years.

money.cnn.com

Your link says it’s only slightly better than the slow growth we have had for years. And that’s with lots of MW increases.

here you go

American paychecks just aren't getting much bigger -- unless you're rich

Income inequality in the United States worsened in 2019. Earners at the top of the income ladder received the largest increase in their paychecks, according to a report from the Economic Policy Institute.

www.cnn.com

Your link says it’s only slightly better than the slow growth we have had for years.

Better from Jan 2017 - Jan 2018. You must have tons of links that said wage gains were weak
after that, eh?

Weak gains.

Where are "weak gains" defined?

 

[Toddsterpatriot]

But it seems important that the market is broken.

The market isn't broken.

We had super low unemployment and weak wage gains. The strongest gains were from MW hikes. I’d call that broken.

Post the numbers.

Prove me wrong.

You made the claim. Prove it.

It’s common knowledge. If you aren’t aware you don’t belong in this discussion.

Common knowledge?
Then you should have an easy time finding your proof.

Maybe start with CNN?

View attachment 417466

America gets a raise: Wage growth fastest since 2009

The unemployment rate stayed at 4.1%, the lowest in 17 years.

money.cnn.com

Your link says it’s only slightly better than the slow growth we have had for years. And that’s with lots of MW increases.

here you go

American paychecks just aren't getting much bigger -- unless you're rich

Income inequality in the United States worsened in 2019. Earners at the top of the income ladder received the largest increase in their paychecks, according to a report from the Economic Policy Institute.

www.cnn.com

Your link says it’s only slightly better than the slow growth we have had for years.

Better from Jan 2017 - Jan 2018. You must have tons of links that said wage gains were weak
after that, eh?

US workers’ compensation growth slowed a bit in 2019

Americans’ pay and benefits rose at a solid pace last year, but at a slower rate than in 2018, the Labor Department said Friday.

apnews.com

Thanks for the link.


WASHINGTON (AP) — Americans’ pay and benefits rose at a solid pace last year, but at a slower rate than in 2018, the Labor Department said Friday.

Total salaries and benefits such as health insurance rose 2.7% in 2019, according to the government’s employment cost index, down from 2.9% in the previous year.

So, 2017 was 2.9%, highest since 2009.
2018 was 2.9% and 2019 was 2.7%.

Your link describes 2.7% as solid.

Does anyone, besides you, describe it as weak?

 

[Brain357]

But it seems important that the market is broken.

The market isn't broken.

We had super low unemployment and weak wage gains. The strongest gains were from MW hikes. I’d call that broken.

Post the numbers.

Prove me wrong.

You made the claim. Prove it.

It’s common knowledge. If you aren’t aware you don’t belong in this discussion.

Common knowledge?
Then you should have an easy time finding your proof.

Maybe start with CNN?

View attachment 417466

America gets a raise: Wage growth fastest since 2009

The unemployment rate stayed at 4.1%, the lowest in 17 years.

money.cnn.com

Your link says it’s only slightly better than the slow growth we have had for years. And that’s with lots of MW increases.

here you go

American paychecks just aren't getting much bigger -- unless you're rich

Income inequality in the United States worsened in 2019. Earners at the top of the income ladder received the largest increase in their paychecks, according to a report from the Economic Policy Institute.

www.cnn.com

Your link says it’s only slightly better than the slow growth we have had for years.

Better from Jan 2017 - Jan 2018. You must have tons of links that said wage gains were weak
after that, eh?

US workers’ compensation growth slowed a bit in 2019

Americans’ pay and benefits rose at a solid pace last year, but at a slower rate than in 2018, the Labor Department said Friday.

apnews.com

Thanks for the link.


WASHINGTON (AP) — Americans’ pay and benefits rose at a solid pace last year, but at a slower rate than in 2018, the Labor Department said Friday.

Total salaries and benefits such as health insurance rose 2.7% in 2019, according to the government’s employment cost index, down from 2.9% in the previous year.

So, 2017 was 2.9%, highest since 2009.
2018 was 2.9% and 2019 was 2.7%.

Your link describes 2.7% as solid.

Does anyone, besides you, describe it as weak?

It deceased.

 

[DBA]

But it seems important that the market is broken.

The market isn't broken.

We had super low unemployment and weak wage gains. The strongest gains were from MW hikes. I’d call that broken.

Post the numbers.

Prove me wrong.

You made the claim. Prove it.

It’s common knowledge. If you aren’t aware you don’t belong in this discussion.

Common knowledge?
Then you should have an easy time finding your proof.

Maybe start with CNN?

View attachment 417466

America gets a raise: Wage growth fastest since 2009

The unemployment rate stayed at 4.1%, the lowest in 17 years.

money.cnn.com

Your link says it’s only slightly better than the slow growth we have had for years. And that’s with lots of MW increases.

here you go

American paychecks just aren't getting much bigger -- unless you're rich

Income inequality in the United States worsened in 2019. Earners at the top of the income ladder received the largest increase in their paychecks, according to a report from the Economic Policy Institute.

www.cnn.com

Your link says it’s only slightly better than the slow growth we have had for years.

Better from Jan 2017 - Jan 2018. You must have tons of links that said wage gains were weak
after that, eh?

US workers’ compensation growth slowed a bit in 2019

Americans’ pay and benefits rose at a solid pace last year, but at a slower rate than in 2018, the Labor Department said Friday.

apnews.com

Thanks for the link.


WASHINGTON (AP) — Americans’ pay and benefits rose at a solid pace last year, but at a slower rate than in 2018, the Labor Department said Friday.

Total salaries and benefits such as health insurance rose 2.7% in 2019, according to the government’s employment cost index, down from 2.9% in the previous year.

So, 2017 was 2.9%, highest since 2009.
2018 was 2.9% and 2019 was 2.7%.

Your link describes 2.7% as solid.

Does anyone, besides you, describe it as weak?

It deceased.

Because of COVID, correct?

 

[Ray From Cleveland]

It has barely moved. You are aware that those who were above min wage, but below the new min wage also get increases right?

Yes, it's called the domino effect. You can't increase wages on just one group of people. If I got a job out of high school with no experience for $7.00 an hour, got pay increases and after five years made it to $11.00 an hour, that puts me five dollars an hour over minimum wage. Now some clown like Biden comes along and makes the new MW $15.00 an hour. Did I get a raise? Yes I did. I got a raise to minimum wage. So I'm going to my employer and demanding I continue making $5.00 over minimum wage.

My employer has no choice. If he lets me walk, all the things I learned on the job are lost. I was a good worker to boot. If he doesn't give me a raise and I walk, he has to hire a new kid for minimum wage and start all over again.

Now I'm making $20.00 an hour. But wait! What about the guy who was working at that company five years longer than me making $20.00 an hour, and finds out I'm now making the same money he is making?

Now the company moves out of the country for cheaper labor, and we are all making nothing. Either that or he invests in more automation thus no need for me to be there any longer.

 

[Brain357]

But it seems important that the market is broken.

The market isn't broken.

We had super low unemployment and weak wage gains. The strongest gains were from MW hikes. I’d call that broken.

Post the numbers.

Prove me wrong.

You made the claim. Prove it.

It’s common knowledge. If you aren’t aware you don’t belong in this discussion.

Common knowledge?
Then you should have an easy time finding your proof.

Maybe start with CNN?

View attachment 417466

America gets a raise: Wage growth fastest since 2009

The unemployment rate stayed at 4.1%, the lowest in 17 years.

money.cnn.com

Your link says it’s only slightly better than the slow growth we have had for years. And that’s with lots of MW increases.

here you go

American paychecks just aren't getting much bigger -- unless you're rich

Income inequality in the United States worsened in 2019. Earners at the top of the income ladder received the largest increase in their paychecks, according to a report from the Economic Policy Institute.

www.cnn.com

Your link says it’s only slightly better than the slow growth we have had for years.

Better from Jan 2017 - Jan 2018. You must have tons of links that said wage gains were weak
after that, eh?

US workers’ compensation growth slowed a bit in 2019

Americans’ pay and benefits rose at a solid pace last year, but at a slower rate than in 2018, the Labor Department said Friday.

apnews.com

Thanks for the link.


WASHINGTON (AP) — Americans’ pay and benefits rose at a solid pace last year, but at a slower rate than in 2018, the Labor Department said Friday.

Total salaries and benefits such as health insurance rose 2.7% in 2019, according to the government’s employment cost index, down from 2.9% in the previous year.

So, 2017 was 2.9%, highest since 2009.
2018 was 2.9% and 2019 was 2.7%.

Your link describes 2.7% as solid.

Does anyone, besides you, describe it as weak?

Yes, they are called economists.

Labor Day 2019 | Wage growth is weak for a tight labor market—and the pace of wage growth is uneven across race and gender

While unemployment rates in this recovery are similar to what we saw in the late 1990s recovery, wages have not grown nearly as fast or as evenly across race and gender as they did during that period. And wage growth gaps are even more dramatic among college graduates.

www.epi.org