View Single Post
  #145   Report Post  
Posted to rec.crafts.metalworking
John B.[_3_] John B.[_3_] is offline
external usenet poster
 
Posts: 539
Default Starvation Wages

On Wed, 11 Sep 2013 22:56:51 -0500, F. George McDuffee
wrote:

On Tue, 10 Sep 2013 20:42:08 -0500, Ignoramus29430
wrote:

On 2013-09-10, F George McDuffee wrote:
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
=================

FYI

http://www.usatoday.com/story/money/...orest/2793343/
snip
The top 1% of earners in the U.S. pulled in 19.3% of total
household income in 2012, which is their biggest slice of
total income in more than 100 years, according to a an
analysis by economists at the University of California,
Berkeley and the Paris School of Economics at Oxford
University.

The richest Americans haven't claimed this large of a slice
of total wealth since 1927, when the group claimed 18.7%.
The analysis is based on data from Internal Revenue Service
data.
snip
In a separate analysis, Saez found the top 1% of earnings
posted 86% real income growth between 1993 and 2000.
Meanwhile, the real income growth of the bottom 99% of
earnings rose 6.6%.
snip



The divide is widening. The key is to be on the right side of this
divide.

i

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

A nobel sentiment (pun intended) indeed :-(, and one
frequently expressed by the prior residents of both
Versailles and the Winter Palace, before the deluge.

It is correctly observed that desperate solutions frequently
result in desperate remedies, and if one is averse to
desperate remedies, then one best avoid or prevent desperate
situations.


So, what is the answer? Kill the Kulaks?
--
Cheers,

John B.