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Income inequality goes far beyond CEO vs blue collar.
Those who can work for themselves can do far better in life than working as a cog for “the man”. It takes hard work, ingenuity, and a bit of risk taking to make it on your own.
It's noteworthy that none of those who rant about "Income Inequality" can point to any negative consequences in the economy.
What does "negative consequences in the economy" even mean? If we can keep per capita GDP at near the 200 year historic rate by escalating public and private debt, finance, and "free" trade does that count as "no ill effects"? This is clearly not a sustainable economy. Then add in the fact that only the top ~1% of the population is even matching that GDP/capita increase due to rising disparity, and it's safe to say that the economic consequences are huge for the citizens of this country.
What does "negative consequences in the economy" even mean? If we can keep per capita GDP at near the 200 year historic rate by escalating public and private debt, finance, and "free" trade does that count as "no ill effects"? This is clearly not a sustainable economy. Then add in the fact that only the top ~1% of the population is even matching that GDP/capita increase due to rising disparity, and it's safe to say that the economic consequences are huge for the citizens of this country.
Eventually the pendulum will have to swing the other way. That 'top 1%' will fade as some different system or group will fill the void.
"Nearly 51 million households don't earn enough to afford a monthly budget that includes housing, food, child care, health care, transportation and a cell phone, according to a study released Thursday by the United Way ALICE Project. That's 43% of households in the United States."
"Despite seemingly positive economic signs, the ALICE data shows that financial hardship is still a pervasive problem," said Stephanie Hoopes, the project's director."
- End article excerpts
I guess almost half of Americans don't deserve a living wage as a bare minimum because they are (according to some on this forum):
1. Illiterate
2. Have poor work ethic
3. Have a criminal record
4. Not educated enough
4. (Insert another excuse here)
Even with that large percentage of people (roughly half of US households) struggling to make basic ends meet: Move along folks, nothing to see here. Never mind the man behind the curtain. There is not an income inequality problem in this country. Half of Americans deserve the spot they are in (not making a living wage as a minimum) despite them working a full time job. Only a percentage of people deserve a living wage if they work full time, not everybody. Screw em. After all, half of the US must be illiterate, poor work ethic, criminal record (insert another excuse here).
Look, the sooner we wake up and realize that all humans are intrinsically greedy (to one degree or another - myself included) and have a tendency to take more then what we need, that we tend to make laws, environments and policies to favor this and the sooner we realize that the important thing is taking care of the greater good (each person), instead of placing most of the wealth in the hands of the few (corporations/people), the better off we will be as a civilization.
The Fed should raise the minimum wage so that it reflects the "inflation" we have seen for the past number years since the last adjustment. Same adjustment in SS should be done to the minimum wage.
We have allowed business to be be subsidized by the low wages because of our keeping the minimum wage low.
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