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Old 06-10-2014, 11:33 AM
 
Location: Great State of Texas
86,052 posts, read 84,595,619 times
Reputation: 27720

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Quote:
Originally Posted by Driller1 View Post
Are they supposed to??
Everybody's financially comfortable and happy in "Utopia".
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Old 06-10-2014, 11:36 AM
 
7,846 posts, read 6,415,634 times
Reputation: 4025
Quote:
Originally Posted by urbanlife78 View Post
Wages have not kept pace with the cost of goods.
Reason?

Wages have not kept up with productivity. It might have something to do with the loss of collective bargaining in this country...
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Old 06-10-2014, 11:37 AM
 
7,846 posts, read 6,415,634 times
Reputation: 4025
Quote:
Originally Posted by HappyTexan View Post
Now go back and inflate the prices of goods as well.
Those items inflated much more than salaries did.

Your money went further back then.
Jeez louise why is everyone obsessed with inflation?

You can only have inflation or deflation. Inflation is about 300 times better than deflation. Get over it already.
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Old 06-10-2014, 11:38 AM
 
Location: Great State of Texas
86,052 posts, read 84,595,619 times
Reputation: 27720
Quote:
Originally Posted by Opin_Yunated View Post
Reason?

Wages have not kept up with productivity. It might have something to do with the loss of collective bargaining in this country...
min wage jobs such as burger flippers were never in unions. They never "lost" anything.
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Old 06-10-2014, 11:39 AM
 
Location: Portland, Oregon
46,001 posts, read 35,239,557 times
Reputation: 7875
Quote:
Originally Posted by Driller1 View Post
Are they supposed to??
They should, when the cost of goods rise faster than the wages, you end up with the middle class shrinking as people become poorer.
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Old 06-10-2014, 12:06 PM
 
7,846 posts, read 6,415,634 times
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Quote:
Originally Posted by HappyTexan View Post
min wage jobs such as burger flippers were never in unions. They never "lost" anything.
So burger flippers deserve to be on food stamps?
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Old 06-10-2014, 12:08 PM
 
7,846 posts, read 6,415,634 times
Reputation: 4025
Quote:
Originally Posted by urbanlife78 View Post
They should, when the cost of goods rise faster than the wages, you end up with the middle class shrinking as people become poorer.
The economy has certainly matched the cost of goods. The income is just all going to the top
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Old 06-10-2014, 12:19 PM
 
24,832 posts, read 37,387,600 times
Reputation: 11539
Quote:
Originally Posted by Opin_Yunated View Post
The economy has certainly matched the cost of goods. The income is just all going to the top
That is when you look at the top......and figure out how to get in their pocket book.
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Old 06-10-2014, 03:09 PM
 
29,939 posts, read 39,507,656 times
Reputation: 4799
Quote:
Originally Posted by Opin_Yunated View Post
Jeez louise why is everyone obsessed with inflation?

You can only have inflation or deflation. Inflation is about 300 times better than deflation. Get over it already.
What kind of inflation? All inflations are not created equally.
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Old 06-10-2014, 03:12 PM
 
29,939 posts, read 39,507,656 times
Reputation: 4799
Quote:
Originally Posted by urbanlife78 View Post
Wages have not kept pace with the cost of goods.
And if they did? Is it your goal to suck the planet dry of all its resources and move on to the next one?

At some point the cost of goods will have to get out of reach to some degree. I don't suppose you think there will be 5 or 6 Americas out their consuming like locust do you?
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