Latest topics
Social Networks
Links to Affiliates and Resources
Displaced American Workers United
Outsaurus
Extend Unemployment Benefits
Unemployed Workers.org.
Examiner.com Denver
99ers.net/
Why Inequality is the Real Cause of Our Ongoing Terrible Economy
Page 1 of 1 • Share •
Why Inequality is the Real Cause of Our Ongoing Terrible Economy
http://www.alternet.org/newsandviews/article/661450/why_inequality_is_the_real_cause_of_our_ongoing_terrible_economy/Look back over the last hundred years and you’ll see the pattern. During periods when the very rich took home a much smaller proportion of total income — as in the Great Prosperity between 1947 and 1977 — the nation as a whole grew faster and median wages surged. We created a virtuous cycle in which an ever growing middle class had the ability to consume more goods and services, which created more and better jobs, thereby stoking demand. The rising tide did in fact lift all boats.
During periods when the very rich took home a larger proportion — as between 1918 and 1933, and in the Great Regression from 1981 to the present day — growth slowed, median wages stagnated and we suffered giant downturns. It’s no mere coincidence that over the last century the top earners’ share of the nation’s total income peaked in 1928 and 2007 — the two years just preceding the biggest downturns.
Guest- Guest

» how to find real value of shares? (from www.cse.lk ,DFN )
» FUNNY AND REAL REASONS.
» Environmental Resource Investment: Real value
» Free Lanka to foray into leisure, real estate sectors with IPO
» Treasury slams banks for ignoring real economy
» FUNNY AND REAL REASONS.
» Environmental Resource Investment: Real value
» Free Lanka to foray into leisure, real estate sectors with IPO
» Treasury slams banks for ignoring real economy
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» UFO 2.1 VIDEO JUKEBOX - Our Chords & Keys To Ascension
» I see this board has been quiet
» Hello Ya'll. *Theirmommie*
» 20 % of Americans Struggle To Buy Food
» The Make Some One Day Challenge
» Clues to why they not hiring you
» New Year Nothing Change
» Passed?!?! H.R. 3979: Emergency Unemployment Compensation Extension Act of 2014
» Forbes: America's #1 Problem is Jobs, Not Debt
» Economy just getting worse
» January Jobs Report: U.S. Economy Adds 157,000 Jobs; Unemployment Rate Up To 7.9 Percent
» Hey Guys!!!!
» Up all NIGHT WORRIED!
» things are going to get worst