francoHFW
Diamond Member
what wages have gone down since the 70's my gawd, you sure regurgitate.I think you are doing that. I've seen wages go down since the 70's, know why, and know that the GOP were fully behind it. NAFTA baby, is a GOP invention. Don't you know that?This current Welfare/Warfare State is working 'well' for the very poor and very wealthy. However, it's failing the in-between Middle Class miserably. The Middle Class is being mugged and left for dead. And their the Working-class backbone of the nation.
The very poor have $Billions in Government Entitlements. And the very wealthy are always gonna get theirs. But who's looking out for the in-between Middle Class? The answer is, no one at this point. And that's why the Collapse is inevitable. It's very sad, but it is what it is.
Most of us in the middle class don't want to fuck the poor to save a few bucks in taxes. It is the rich who have pitted us again the poor. And it is their policies that are pushing many of us in the middle class into poverty.
a. Send jobs overseas
b. Don't give raises even when profits are up, all while CEO pay has skyrocketed.
c. Hire illegals
D. Break unions
E. Hire temps instead of employees
F. Raise healthcare costs on the middle class. How much have employers raise healthare costs in the last 20 years? A lot. Companies used to pay for healthcare, now they just contribute. This hasn't hurt the CEO who's pay has gone up 300% in the last 20 years but this has royally fucked workers and the middle class.
You can cut welfare all you want, its not going to make the middle class better. But the CEO's could pay us more. A lot of companies are starting to do this.
If you are middle class and vote for democrats, you are LITERALLY voting yourself into poverty.
The rich vote GOP. So you are suggesting the GOP is the party for everyone? LOL It's not. It talks a good game about personal responsibility and rewarding hard work and blablabla. Any middle class person voting GOP is voting against themselves. Example. They''ve convinced you all that unions are bad, even though unions brought all your wages up.
And you think Republicans cutting your social security and medicare 30% is going to help you? Yet you have systematically voted for them for decades and that is their goal.
Reaganism has killed the middle class, dumbass dupe. See if you can spot it LOL:what wages have gone down since the 70's my gawd, you sure regurgitate.I think you are doing that. I've seen wages go down since the 70's, know why, and know that the GOP were fully behind it. NAFTA baby, is a GOP invention. Don't you know that?This current Welfare/Warfare State is working 'well' for the very poor and very wealthy. However, it's failing the in-between Middle Class miserably. The Middle Class is being mugged and left for dead. And their the Working-class backbone of the nation.
The very poor have $Billions in Government Entitlements. And the very wealthy are always gonna get theirs. But who's looking out for the in-between Middle Class? The answer is, no one at this point. And that's why the Collapse is inevitable. It's very sad, but it is what it is.
Most of us in the middle class don't want to fuck the poor to save a few bucks in taxes. It is the rich who have pitted us again the poor. And it is their policies that are pushing many of us in the middle class into poverty.
a. Send jobs overseas
b. Don't give raises even when profits are up, all while CEO pay has skyrocketed.
c. Hire illegals
D. Break unions
E. Hire temps instead of employees
F. Raise healthcare costs on the middle class. How much have employers raise healthare costs in the last 20 years? A lot. Companies used to pay for healthcare, now they just contribute. This hasn't hurt the CEO who's pay has gone up 300% in the last 20 years but this has royally fucked workers and the middle class.
You can cut welfare all you want, its not going to make the middle class better. But the CEO's could pay us more. A lot of companies are starting to do this.
If you are middle class and vote for democrats, you are LITERALLY voting yourself into poverty.
The rich vote GOP. So you are suggesting the GOP is the party for everyone? LOL It's not. It talks a good game about personal responsibility and rewarding hard work and blablabla. Any middle class person voting GOP is voting against themselves. Example. They''ve convinced you all that unions are bad, even though unions brought all your wages up.
And you think Republicans cutting your social security and medicare 30% is going to help you? Yet you have systematically voted for them for decades and that is their goal.
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 = http://www.prudentbear.com/index.php/household-sector-debt-of-gdp
4 = http://www.federalreserve.gov/releases/z1/current/
5/6 = http://www.businessinsider.com/15-c...lity-in-america-2010-4?slop=1#slideshow-start
Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts