Why has the income disparity in US skyrocketed in the past 20 years?

[newonecoming2]

Originally Posted by workingclasshero

false

upping the min wage , (especially to what you want it to be around $30) would make everything COST MORE

it would hurt the bottom more than anyone

Assuming that the prices went up just far enough to cover expenses. Upping the minimum wage to $30/hr would increase the labor expense of the whole economy by about 25% promptly. This is assuming that the cost of labor is 100% of the total cost in the economy. The minimum wage would be 4X so the current minimum wage earners would get 4X the money and pay 1/4 more in expenses. Those at $30hr would be hurt the worse as they would have the same income but need to pay 1/4 more. This is across the board for everything.

The end should be about 200% inflation in the economy with a 4X on the minimum wage so that the bottom workers would be twice as well off as now.

Originally Posted by NEOhioBound

Please go to an economics AND a finance class and try to pay attention. You up the minimum wage then EVERYTHING increases in price.

Don’t tell me tell the fed as they have been printing money for how many years trying to get the price of houses going up. (That is the point as that will bring with it full employment.) The fed wants to re-inflate the bubble I want inflation as inflation is sustainable and bubbles are not.

You are the one that needs to go to finance class and economics class and pay attention to what they say as we are set up for 20% unemployment for the foreseeable future as it take a long time for the prices of houses to come down and a short time for inflation to work.

If you don’t believe me just take a look at Japan they have been at their popping real estate bubble for 21years and counting and they haven’t bottomed out yet.

[CrownVic95]

Originally Posted by NHartphotog

It's a direct result of the rise of power of Big Business since the early 1980s, aided by the Big Government politicians they own. Gov't over-regulated and over-taxed small businesses right out of business, and taxes the crap out of the working class. Big Business forced through the "Free Trade" fiasco and destroyed the entire job market, thus wiping out the Middle Class. The games played by the powers-that-be caused the collapse of the Housing Market, the Stock Market, the value of the dollar, and every other way a "little guy" could achieve financial stability.

For some reason, the Robber-Baron CEOs that began popping up in the early 1980s were a whole breed of evil: not content to pillage their companies, they had to pillage the entire nation and liquidate its assets. What happened to wanting a future? What happened to money not equalling happiness? What happened to sanity?

Precisely....and that marked the end of the America we knew and thought we could count on for the future.

I've been saying this since Reagan's second term and I continue to be amazed at how few yet really understand.

[CDusr]

Actually, the robber baron ceos all hang out w/ the robber baron govt corp, which owns the controlling shares of the robber baron corp. This has accelerated each year, as more ground has been gained, but it goes back much further than Reagan.

[Marv101]

Question #1--How many times have Obama & Co. raised the minimum wage since he took office?

Question #2--What has happened to the unemployment rate among teenagers and African-Americans as a direct result of those increases?

There's your answer.

[newonecoming2]

Originally Posted by Marv101

Question #2--What has happened to the unemployment rate among teenagers and African-Americans as a direct result of those increases?

With a real unemployment rate of something like 25% the competition for jobs is really stiff. So if you have 200 applicants for a minimum wage job and 10% of them are way over qualified for the job but are hungry enough for work to stick around and work hard for you whom are you going to higher.

Originally Posted by Marv101

There's your answer.