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More of the Trickle On We're Getting

Posted by WxDano none (My Page) on
Sat, Mar 30, 13 at 13:53

So the recovery:


Total compensation in blue, profits in red.

Happening for the elites. Not for the rest.

An interesting take on this has to do with SS benefits and "entitlement reform":

if workers got their share of projected productivity growth over [the past two decades], wages would be around 40 percent higher in 2035 than they are today. How much do you want to bet that workers would prefer before-tax wages that are 40 percent higher with another 2 percentage points pulled out for Medicare, than stagnant wages and no tax increases?

In other words, why are serious people wasting time over this nonsense? There is much more at stake in controlling health care costs and ensuring that workers get their share of productivity growth than there is with aging. [emphasis added]

IOW; the upward redistribution of wealth in this country is affecting our retirement too.


Follow-Up Postings:

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RE: More of the Trickle On We're Getting

Of course.

North america will be nearly an unofficial collection of banana republics by 2035.


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RE: More of the Trickle On We're Getting

  • Posted by rosie NE Georgia 7A/B (My Page) on
    Sat, Mar 30, 13 at 16:49

Looking at current wages in the latter 1940s/early 1950s with the New Deal and Fair Deal programs at work and projected national growth, President Truman thought average wages would be TWICE what they were toward the end of the century. A happy man. well, the national growth did happen. So did wage suppression.


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RE: More of the Trickle On We're Getting

better get yourselves UNIONIZED!


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RE: More of the Trickle On We're Getting

I've been saying something to that effect, PNBrown, for quite a while, now... the writing is on the wall, and has been for some time.


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RE: More of the Trickle On We're Getting

Except we won't have any bananas outside of south florida...


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RE: More of the Trickle On We're Getting

Gmo bananas in your future! Cross the suckers with Arctic Lemmings and create a cold weather avatar that will hibernate


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RE: More of the Trickle On We're Getting

The only things that have trickled down so far are precipitation... and pee.


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