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F. George McDuffee F. George McDuffee is offline
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Default Starvation Wages

***** OT -- minimum metal content but important (and a hot
button issue for me) *****

On Thu, 29 Aug 2013 06:59:21 -0700 (PDT), jon_banquer
wrote:

"Nearly two-thirds of all the new jobs created since 2009 pay less than $13.80 an hour."

http://www.youtube.com/watch?v=HEj-S...ature=youtu.be


===========================

If you want a third world society and culture, create a
third world economy. If you want a third word economy, pay
third world wages... Unka' George

http://www.economicpopulist.org/cont...ors_picks=true
snip
As we can see in 2010 only two nations, Mexico and Chile,
were worse in the gap between rich and poor than the United
States. Again, most of America is clearly in 3rd world
status at this point and the illusion of America being the
wealthiest nation on Earth is only for a select few.
snip

http://www.huffingtonpost.com/2013/0...n_3814333.html
snip
Income inequality increased dramatically between 1979 and
2007, when a global financial crisis rocked not just the
U.S. but the entire world. But maybe things have turned
around since then? No. Just take a look at what happened in
2011:
snip
Real [that means inflation-adjusted] median
household income declined between 2010 and 2011, a second
consecutive annual decline.
The poverty rate in 2011 was not statistically
different from 2010.
Both the percentage and number of people without
health insurance decreased between 2010 and 2011.
snip

http://en.wikipedia.org/wiki/Income_..._United_States
snip
The return to high inequality—or what Krugman and journalist
Timothy Noah have referred as the "Great Divergence"—began
in the 1970s.
The income growth of the average American family closely
matched that of economic productivity until some time in the
1970s. While it began to stagnate, productivity has
continued to climb.

Studies have found income grew more unequal almost
continuously except during the economic recessions in
1990-91, 2001 (Dot-com bubble), and 2007 sub-prime bust.
snip