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The NYT article attributes it to the fruits of economic growth flowing to profits and top earners instead of employees at large. Median incomes in the US have increased substantially slower over over the past 30 years than has happened in Canada.
The NYT article attributes it to the fruits of economic growth flowing to profits and top earners instead of employees at large. Median incomes in the US have increased substantially slower over over the past 30 years than has happened in Canada.
Activist shareholders seem to prefer to target US corporations.
How dare you use logic and book smarts in this thread?
No its worse then that, it shows the damage he did as soon as he turned 18 and was released upon this poor defenseless world! Its probably when he invented his time machine to make his birth look legit!
Here's an easy fix, develop impenetrable missile defense systems, have the CIA prop up a madmen in Russia and China who'll wreck havoc in Europe and Asia, go in and save the day, benevolently integrate Russia and China back into the world community, and let American companies have unfettered reign in the world market. When everyone else is poor, you're "rich".
In the meantime back in reality, people will just have be more competitive if they want a descent standard of living. The days where someone could practically stumble into a decent living are a thing of the past.
higher taxes and and an irresponsible federal government
I see many, I would guess of the liberal persuasion, seem to think higher taxes, more government control of our lives, more federal spending is the way to go. The logic escapes me. If I did in my personal life what the federal government is doing, I'd be bankrupt and probably in prison, for fraud, waste, and corruption.
I've posted several times that our progressive tax system (the opposite of most other OECD countries) creates a perverse incentive for our federal government to continue to promote and enact policies that keep the income gap as wide as possible in order to maximize tax revenue. More here:
This is the effect of global capitalism, automation and the failure to keep up with skills needed for a good job. Americans have been reluctant to adapt to the global economy, except for limited "global awareness" that is pretty empty. Americans have become a "soft people" with warm and fuzzy politics, uncompetitive skill sets, and a vision of a world that is no more.
The Chinese have the right values to actually dominate in the 21st century, Americans have become dumb, lazy, and myopically self-centered, it's why globalism has done a number on the US economy. Anything else to counter that is just blind patriotism.
Of course not, because of conservative politics and Reaganomics over the past 3 decades. Yet, they still think austerity and tax cutting is the way to go.
WTF lol
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higher taxes and and an irresponsible federal government
