I worked at a fast food restaurant in highschool. I went on to get more an more for my labor too, advanced myself. my wages went up. its not the point.
average, nationwide, relative to inflation, wages for each industry have remained stagnant for 30 years now, according to Berkely, and others. and fuck that.
labor is slavery.
Maybe that just means that wages were artifically inflated in the 70's (ie too high) and since then they have been levelling off. Did any of those studies look into that?
Considering that the dollar has lost around 98% of it's value/purchasing power (probably more now) since the early 1900's, I'd say that what you are saying is wrong.
Maybe that just means that wages were artifically inflated in the 70's (ie too high) and since then they have been levelling off. Did any of those studies look into that?
Considering that the dollar has lost around 98% of it's value/purchasing power (probably more now) since the early 1900's, I'd say that what you are saying is wrong.
karl-i don't think wages can be to high-just my personal opinion, but i think labor is taken advantage of in every industry. to much goes to the top.
let me put it this way.
today the top 1% in the US make more than the bottom 50%
in 1998 the top 1% owned as much as the bottom %39.
ie the wealth gap is growing.
[regarding wealth distribution] In a survey of 120 major cities, New York was found to be the ninth most unequal in the world and Atlanta, New Orleans, Washington, and Miami had similar inequality levels to those of Nairobi, Kenya Abidjan and Ivory Coast.
the wealth distribution is affected by a number of things, but wages and taxes play a big part in it.
and remember, CEO's and managers are seeing HUGE increases in salaries, in order to match that wages should be going up considerably as well, which they aren't.
and here we are, with wealth distribution levels comparable to Africa. its that bad.
Comments
Considering that the dollar has lost around 98% of it's value/purchasing power (probably more now) since the early 1900's, I'd say that what you are saying is wrong.
let me put it this way.
today the top 1% in the US make more than the bottom 50%
in 1998 the top 1% owned as much as the bottom %39.
ie the wealth gap is growing.
http://www.guardian.co.uk/world/2008/oc ... ban-growth
Distribution of Income (USA)
Top 1 percent Next 19 percent Bottom 80 percent
1982 12.8% 39.1% 48.1%
1988 16.6% 38.9% 44.5%
1991 15.7% 40.7% 43.7%
1994 14.4% 40.8% 44.9%
1997 16.6% 39.6% 43.8%
2000 20.0% 38.7% 41.4%
2009 (X) (Y) (<X)
the wealth distribution is affected by a number of things, but wages and taxes play a big part in it.
and remember, CEO's and managers are seeing HUGE increases in salaries, in order to match that wages should be going up considerably as well, which they aren't.
and here we are, with wealth distribution levels comparable to Africa. its that bad.