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Old 04-03-2013, 04:40 PM   #39
Loneiguana Loneiguana is offline
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Join Date: Nov 2012
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Quote:
Originally Posted by BucEyedPea View Post
Another crackpot prog economist without a clue. He uses a govt redistibutionist commie approach when it won't solve the problem because it does not address the cause. He focuses on spending...for consumer goods when savers are being wiped out via inflation.

This is true data here:
You know how I know you didn't watch the video?

Fact: The GDP has doubled in the last thirty years.
Fact: Worker Productivity has also climbed over the last thirty years.
Fact: Average worker compensation has remained stagnant over this same time period.



Where did the money go?



We have a poverty problem because the wages of the Average American has been stagnant for thirty years.

Or:
"The analysis above has shown that from 1973 to 2011, the largest factor driving the gap between productivity and median compensation has been the growing inequality of wages and compensation, followed by the divergence of consumer and output prices and the shift of income from labor to capital. From 2000 to 2011, when the productivity-median compensation gap grew the fastest, the divergence of prices had only a modest impact, whereas the shift from labor to capital income was the single largest factor, accounting for roughly 45 percent of the gap."

More info and charts can be found here:
http://www.epi.org/publication/ib330...-compensation/
http://acivilamericandebate.com/2011...me-inequality/

/I must of missed the communist Rhetoric
//perhaps wealth redistribution could be defined as increasing monetary gain off the backs of your employees without increasing wages.
///Honestly I think we agree on this subject more than you think
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