Fuel prices and people working for less are to blame there.
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Occupy Bay street
- Thread starter thebigwoof
- Start date
Fuel prices and people working for less are to blame there.
daught
Well-known member
BINGO! It's going backwards. You would think that with all the advancements in every field things would be better.
johnp
Well-known member
From NYTimes. This may help understand the complaint:
"Three factoids underscore that inequality:
¶The 400 wealthiest Americans have a greater combined net worth than the bottom 150 million Americans.
¶The top 1 percent of Americans possess more wealth than the entire bottom 90 percent.
¶In the Bush expansion from 2002 to 2007, 65 percent of economic gains went to the richest 1 percent.
As my Times colleague Catherine Rampell noted a few days ago, in 1981, the average salary in the securities industry in New York City was twice the average in other private sector jobs. At last count, in 2010, it was 5.5 times as much. (In case you want to gnash your teeth, the average is now $361,330.) "
from http://www.nytimes.com/2011/10/16/opinion/sunday/kristof-americas-primal-scream.html
Now, I hope nobody is going to tell me that these 400 wealthiest Americans made it to the top 0.1% by working harder than anybody else.
"Three factoids underscore that inequality:
¶The 400 wealthiest Americans have a greater combined net worth than the bottom 150 million Americans.
¶The top 1 percent of Americans possess more wealth than the entire bottom 90 percent.
¶In the Bush expansion from 2002 to 2007, 65 percent of economic gains went to the richest 1 percent.
As my Times colleague Catherine Rampell noted a few days ago, in 1981, the average salary in the securities industry in New York City was twice the average in other private sector jobs. At last count, in 2010, it was 5.5 times as much. (In case you want to gnash your teeth, the average is now $361,330.) "
from http://www.nytimes.com/2011/10/16/opinion/sunday/kristof-americas-primal-scream.html
Now, I hope nobody is going to tell me that these 400 wealthiest Americans made it to the top 0.1% by working harder than anybody else.
Who admits he doesnt know about cars??? Can I have the shop name s I don't take my cars there please
Here is the fix. Be happy with what you have and live within your means whether that is a rental apartment or a private jet
. Everything is better, especially the quality of competition.
What nobody mentions is a small percentage have always controlled the majority of wealth. It's simple numbers. And they might have worked harder or smarter or both but so what? That's life. zebra can run his guts out but the lion takes 10 steps and eats him up anyway
do you happen to notice in 1970 there is almost 0 population outside the city?versus now. And that the higher earners have always been in the city. As the population expanded nothing changes except more people live in the other areas now
daught
Well-known member
stnd I was looking for that article for a while now. thanks.
“Even though the U.S. currently has the largest rich-poor income gap among these countries, the gap in Canada has been rising at a faster rate,” she said in a release. “High inequality both raises a moral question about fairness and can contribute to social tensions.”
http://business.financialpost.com/2011/09/13/gap-between-rich-and-poor-growing-fast-in-canada/
“Even though the U.S. currently has the largest rich-poor income gap among these countries, the gap in Canada has been rising at a faster rate,” she said in a release. “High inequality both raises a moral question about fairness and can contribute to social tensions.”
http://business.financialpost.com/2011/09/13/gap-between-rich-and-poor-growing-fast-in-canada/
It's better for who? For the top 1%. For the rest it means that they have to work at minimum wage because there are hungry people waiting in line.
That that's has been happening since jobs began. People have traded goods and services across borders forever.
johnp
Well-known member
Except we're all supposed to be the same species here. The spread between top and bottom is worse than in a lot of corrupt developing economies.
And people aren't supposed to complain that they're treated as nothing more than cogs in your machine?
Not even sure why I'm responding.
Nothing changes? Middle Income Class slowly but surely shrinks and becomes the Lower Income Class. With no ill effects to the Upper Income Class. And this is in areas within the GTA if you want to ignore the complete outskirts.
Unless you are blind.
ps. Good devils advocate / trolling.
it's not better for who it's just better. 30 years ago you could get job,keep your head down and move up. Now you gotta work way harder. Oh yeah and 30 years ago mortgage rates were 17 percent.
Nothing changed but the population numbers which are made up of lots of new immigrants as well who come here from poverty and are going to take a generation to move up or can't or don't want to
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