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| Subject: Re: Oro you said people were gaining in income . | |
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Author: Oropan |
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Date Posted: 08:26:30 04/12/07 Thu In reply to: Bev 's message, "Oro you said people were gaining in income ." on 17:01:33 04/11/07 Wed Would the addition of 10 to 15 million dirt poor illegals have an effect in the numbers. Bev, I can conncoct a set of numbers on income to show anything you want. I suspose you fell for the idea that the top 10% of workers got all the raises and the remaining 90% all got a cut in pay. You know that is proposterous. I see two things affecting the lower paid workers 1. huge influx of illegals that are willing to work for very low pay and thus drive down the pay level in low skill jobs. 2. The globalization of manufacturing that has moved a huge share of production from the US to lower pay areas of the World. The latter has really affected the lower middle class. The middle and upper part of the middle class has done very will in the last ten years as evidenced by the huge runup in housing prices and the great retail sales numbers. NOW, do you have any solutions to the two situations I've mentioned or are you going to just bitch about it in an attempt for political gain like your dem friends in Congress? > however not all are gaining equally In fact 90 >percent are losing . > >href="http://www.post-gazette.com/pg/07099/776331-192.s >tm">http://www.post-gazette.com/pg/07099/776331-192.stm > >Close the gap: America's growing great divide is over >income >Monday, April 09, 2007 > >Pittsburgh Post-Gazette > >The numbers are enough to make you cringe. In a >country where the president repeatedly tries to sell >the notion that a better economy is unfolding, the >reality in most American households is anything but. > >First, let's look at it President Bush's way. In 2005, >total reported income in the United States rose over >the previous year by almost 9 percent. Pretty good, >huh? > >Actually, it depends on who you are. A new study of >tax data from the Internal Revenue Service shows that, >now more than ever, the old adage is true: the rich >get richer while the poor get poorer. As reported in >The New York Times, the research found that those >making the top 1 percent of income, $348,000 or more >per year, saw an increase in earnings of 14 percent in >2005. That compares with Americans in the bottom 90 >percent of the income ladder, whose earnings slipped >by 0.6 percent. > >The numbers get worse the more closely you look, and >together they paint a troubling picture of a growing >income gap in the United States. > >The study, done by economist Emmanuel Saez at the >University of California at Berkeley with Thomas >Piketty at the Paris School of Economics, found that >the top 1 percent of earners collectively held in 2005 >the largest share of the nation's total income in >eight decades -- 21.8 percent. > >Only a year earlier, the top 1 percent had 19.8 >percent of all income. To see when the rich copped its >largest chunk of the nation's income, 23.9 percent, >you'd have to go back to 1928, during the Calvin >Coolidge administration. Is anyone really surprised >that, after six years of economic policy under George >W. Bush, America's rich have done almost as well? > >The widening income gap worries Mr. Saez. "If the >economy is growing but only a few are enjoying the >benefits, it goes to our sense of fairness," he told >the Times. "It can have important political >consequences." > >Like, say, electing a president in 2008 who is >committed to a stronger middle class? That would seem >to entail campaigning for policies like letting Mr. >Bush's deep tax cuts to the rich expire, discouraging >the export of good-paying American jobs and making >health insurance more -- not less -- available. > >That's one way to do good with some bad economic data. >It's time for a president who works for an economy >that closes, not widens, the income gap. [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
| The statistics were from the irs as most illegals do not pay | BEv | 09:07:33 04/12/07 Thu |
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