This is partially true but still a little misleading. The average household size has decreased artificially decreasing these numbers and exaggerating the real-income gap. Also, many consumer goods have decreased in price drastically.
For 25 yr after WW2 productivity & worker's pay rose together & created middle class. In 1980 govt & co. policies started increasing CEO/stockholder pay while squeezing every $ possible from workers. If wages still rose w/ productivity we'd have no crisis of income inequality now
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So you're saying that since people can buy goods more cheaply they deserve to be cheated out of their pay?
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Of course not. Corporate enrichment needs to end. But I just want to acknowledge that some things are indeed on a positive trend.
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When tens of millions of hardworking people don't have time for their spouse, their kids, their life outside work - or if they have to work 2 or 3 jobs just to make ends meet - then thing are not on a positive trend. Not being a Debbie Downer here. Just saying.
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Only 13 million people (approx. 3% of our total population) work more than one job. Americans also work fewer hours than they used to, including the 'working class'. Also, these 2nd+ jobs often include seasonal work. It's not all doom and gloom!
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It's not all gloom and doom at all, if you're in the club as it were. I know the upside of the system when it works for you. But too many can't get into the club today and that's what's wrong. Even before the pandemic 40% of Americans couldn't absorb a $400 unexpected expenditure
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You鈥檙e clearly an intelligent man. You know as well as I do that tax policy now is such that no matter how financially literate people are, things are skewed in the direction of increasing wealth for 1 per cent. Why can鈥檛 we just admit that and fix it? Everyone will be better off
Dec 8, 2020 路 1:01 AM UTC
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