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Non-Tech : Kirk's Market Thoughts

COHR 201.49

+4.1%

Jan 21 3:59 PM EST

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To: Jerome who wrote (2522)	1/5/2015 8:55:02 AM
From: the traveler	Read Replies (1) of 27117

>>Is it good for the country when 1/3 of Bank of America employees qualify for public assistance? >> Interesting post and perspective and i agree the salary structure of TOP executives in large companies is completely out of hand. Over the holidays i read a piece that essentially compared the standard of living in the USA from a base year of 1950 vs 2012. Unfortunately i can't recall where on the internut i found it. I do remember in 1950 there was no Government welfare, no Government mandated health care system, and no Government "entitlements" except of course Social Security. Back in those days even liberals had the good sense not to call SS an entitlement though. So i don't guess any of those Bank of America employees would have been qualified for public assistance in 1950. The take away was the standard of living, according to the article anyway, was better in 2012 but just barely. Oh and the baseline comparison in 1950 assumed one breadwinner per household but allowed for two per household in 2012. (justified by changing social norms etc.) Made it seem a little bit like apples and oranges to me but interesting anyway.

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