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Old 12-23-2011, 06:11 PM
 
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Quote:
Originally Posted by MTAtech View Post
Correct. That's what I showed on one of the graphs in post #164. The middle-class IS working harder -- just their wages haven't kept up:
Not necessarily, all our income isn't spent on rent. Graphs that show percentage of income spent on the basics of things like food and clothing show a very dramatic drop in the percentage of our incomes that go towards those necessities.

I've also seen charts of hours worked to acquire different goods, and they are almost all much lower for today for things like appliances, food, clothing, etc.
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Old 12-23-2011, 07:00 PM
 
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Obviously.
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Old 12-24-2011, 02:26 AM
 
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Originally Posted by lucknow View Post
My cousin makes a coupe of million a year sitting at a desk on wall street buying and selling money. He gets paid all this money for doing something that produces nothing and adds 0 value to anything. He gets his % wether his clients win or lose on their currency trades. DO YOU THINK THIS IS FAIR?
Did you know that 40% of the entire American economy is Financial services? You wonder why the nation is going down the tubes?
I'm sure your cousin can fill you in on how retirement plans work if you'll just ask him.
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