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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (800545)	8/9/2014 2:02:19 PM
From: combjelly	Read Replies (1) \| Respond to of 1578006

Typical. Blame the victims. Wage growth has not kept up with growth in productivity. It has gotten to the point where wage growth has been flat since 2000. That's a problem. because when you look at the data closely you see that wage growth increases as you go up the income ladder. That means those on the lower rung are actually seeing wage declines when adjusted for inflation. It should not be a surprise that the households on SNAP have increased. It isn't because of your mythical disincentives to work. It is because they are losing out. You want to talk about useless jobs? Much of the financial industry fits into that category. All they do is slosh money around. Every time it comes their way, they get to skim some off. This does not improve the economy at all. Rentiers, for the most part, fall into this category also. What you don't comprehend is that wage inequality is a good, even an essential, thing. A certain amount is. Large amounts are fatal to democracy. And, historically, leads to revolutions. It was what was behind the Arab Spring. You never know what the trigger is, but when it is pulled, things get ugly. Fast. The Occupy movement could have been the trigger. But as media-savvy as Millennials are, they didn't communicate effectively with anyone other than other Mellennials. The next time something like Occupy pops up, they won't make the same mistake. Especially if the gamblers in the financial industry crashes the global economy again. That would be bloody.