francoHFW
Diamond Member
Everything in both those lists is FACT. Google any of them. I'm not anymore. The US Bureau stats are not opinion. Jeeesh.No...You posted your opinion.They're FACTS any way you look at them. Get more tin foil, dupe. So ignorant.Yeah...The facts according to the liberal point of view.Also known as proven facts, chump of the greedy idioBlah blah blah......Liberal talking points.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 EVAH, and in the modern world!! And you complain about the victims? Are you an idiot or an A-hole?
Well that proves all those stats that prove the ruin of the class wrong then, dupe.No, a lot of jobs are pure crap after 30 years of Voodoo. 1969's min wage would be $11 today. People can't live on many jobs, and the nonrich have no money to spend. See #3 and #4:
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--December 10, 2015
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
That's hilarious. I'm not rich, and I'm building another house, which will be my last where I'll retire to. Then I'll sell the rest of them.
How did I manage that? Because I worked for it, and I didn't wait for someone to give me anything.
I had one employee that started on the bottom of the totem pole. She listened, she learned, she busted tail. She's gotten promoted 4 times in 3 years. She bought a house recently, and is off to a good life. I see her once in a while, and I always remember seeing her in the training class. She was different, and she never let anyone else tell her she was a failure because she was starting at the bottom.
There was a lady who worked at McDonalds about 20 years ago. She was working the window, and I'd see her every day as I came through picking up breakfast on the way to work. Today she owns a McDonalds franchise.
For every success there's a 100 failures. But almost all of those who fail do so because they're waiting for someone to give them something for nothing. The government might do that, but the private sector has little patience for it.
The American dream is alive and well, for anyone who won't have morons like you tell them they shouldn't dream it, or try to achieve it. Just takes brains and work. 2 things you're unfamiliar with apparently.
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 EVAH, and in the modern world!! And you complain about the victims? Are you an idiot or an A-hole?
When anyone mentions to you the term "personal responsibility" you fly off the handle with anger and vitriol.