Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Stillnutty passed away
Why Inequality is the Real Cause of Our Ongoing Terrible Economy EmptyWed Feb 06, 2019 3:59 pm by Sad American

» UF2 Members Chat Thread: Part 3
Why Inequality is the Real Cause of Our Ongoing Terrible Economy EmptyThu Mar 02, 2017 1:02 am by DesperateInRI

» UFO 2.1 VIDEO JUKEBOX - Our Chords & Keys To Ascension
Why Inequality is the Real Cause of Our Ongoing Terrible Economy EmptyWed Mar 01, 2017 8:19 pm by DesperateInRI

» I see this board has been quiet
Why Inequality is the Real Cause of Our Ongoing Terrible Economy EmptyTue Jun 07, 2016 1:24 pm by Knight1009

» Hello Ya'll. *Theirmommie*
Why Inequality is the Real Cause of Our Ongoing Terrible Economy EmptyTue Nov 17, 2015 9:42 am by my_lucid_bubble72

» 20 % of Americans Struggle To Buy Food
Why Inequality is the Real Cause of Our Ongoing Terrible Economy EmptyThu Jul 16, 2015 1:00 pm by pbrad009

» The Make Some One Day Challenge
Why Inequality is the Real Cause of Our Ongoing Terrible Economy EmptyWed May 27, 2015 12:32 pm by Prof_NSA

» Clues to why they not hiring you
Why Inequality is the Real Cause of Our Ongoing Terrible Economy EmptySun Apr 05, 2015 5:25 pm by Sandra5yearsunemployed

» New Year Nothing Change
Why Inequality is the Real Cause of Our Ongoing Terrible Economy EmptyTue Jan 20, 2015 5:48 pm by Prof_NSA

» Passed?!?! H.R. 3979: Emergency Unemployment Compensation Extension Act of 2014
Why Inequality is the Real Cause of Our Ongoing Terrible Economy EmptyFri Dec 19, 2014 4:24 pm by charliekerper

» Forbes: America's #1 Problem is Jobs, Not Debt
Why Inequality is the Real Cause of Our Ongoing Terrible Economy EmptySat Nov 15, 2014 10:50 pm by jmainframe

» Economy just getting worse
Why Inequality is the Real Cause of Our Ongoing Terrible Economy EmptyMon Oct 06, 2014 12:16 pm by oncemore

» January Jobs Report: U.S. Economy Adds 157,000 Jobs; Unemployment Rate Up To 7.9 Percent
Why Inequality is the Real Cause of Our Ongoing Terrible Economy EmptyFri Oct 03, 2014 11:23 am by DesperateInRI

» Hey Guys!!!!
Why Inequality is the Real Cause of Our Ongoing Terrible Economy EmptyMon Sep 29, 2014 9:17 am by pbrad009

» Up all NIGHT WORRIED!
Why Inequality is the Real Cause of Our Ongoing Terrible Economy EmptyThu Sep 25, 2014 11:56 pm by pbrad009

Social Networks
December 2020
SunMonTueWedThuFriSat
  12345
6789101112
13141516171819
20212223242526
2728293031  

Calendar Calendar


Why Inequality is the Real Cause of Our Ongoing Terrible Economy

Go down

Why Inequality is the Real Cause of Our Ongoing Terrible Economy Empty Why Inequality is the Real Cause of Our Ongoing Terrible Economy

Post by Guest on Tue Sep 06, 2011 1:30 pm

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.
http://www.alternet.org/newsandviews/article/661450/why_inequality_is_the_real_cause_of_our_ongoing_terrible_economy/

Guest
Guest


Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum