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July 30, 2010 at 11:07 AM #17775July 30, 2010 at 11:52 AM #584461
Arraya
ParticipantSee, some economic policies do work. Americans were greedy, lazy and needed to be taught a lesson. Next, there is a few million state workers that are greedy, lazy and need to be taught a lesson. Hopefully, when all is said and done, they can all sit around talk about what they did wrong. If that does not work, we will have to take away all benefits, such as food stamps, welfare and UE benefits to teach them the virtues of remaining competitive in a global market. They need to learn that there is no such thing as a free lunch. It will be good for them, I can see it now
July 30, 2010 at 11:52 AM #584552Arraya
ParticipantSee, some economic policies do work. Americans were greedy, lazy and needed to be taught a lesson. Next, there is a few million state workers that are greedy, lazy and need to be taught a lesson. Hopefully, when all is said and done, they can all sit around talk about what they did wrong. If that does not work, we will have to take away all benefits, such as food stamps, welfare and UE benefits to teach them the virtues of remaining competitive in a global market. They need to learn that there is no such thing as a free lunch. It will be good for them, I can see it now
July 30, 2010 at 11:52 AM #585088Arraya
ParticipantSee, some economic policies do work. Americans were greedy, lazy and needed to be taught a lesson. Next, there is a few million state workers that are greedy, lazy and need to be taught a lesson. Hopefully, when all is said and done, they can all sit around talk about what they did wrong. If that does not work, we will have to take away all benefits, such as food stamps, welfare and UE benefits to teach them the virtues of remaining competitive in a global market. They need to learn that there is no such thing as a free lunch. It will be good for them, I can see it now
July 30, 2010 at 11:52 AM #585196Arraya
ParticipantSee, some economic policies do work. Americans were greedy, lazy and needed to be taught a lesson. Next, there is a few million state workers that are greedy, lazy and need to be taught a lesson. Hopefully, when all is said and done, they can all sit around talk about what they did wrong. If that does not work, we will have to take away all benefits, such as food stamps, welfare and UE benefits to teach them the virtues of remaining competitive in a global market. They need to learn that there is no such thing as a free lunch. It will be good for them, I can see it now
July 30, 2010 at 11:52 AM #585498Arraya
ParticipantSee, some economic policies do work. Americans were greedy, lazy and needed to be taught a lesson. Next, there is a few million state workers that are greedy, lazy and need to be taught a lesson. Hopefully, when all is said and done, they can all sit around talk about what they did wrong. If that does not work, we will have to take away all benefits, such as food stamps, welfare and UE benefits to teach them the virtues of remaining competitive in a global market. They need to learn that there is no such thing as a free lunch. It will be good for them, I can see it now
July 30, 2010 at 11:53 AM #584476SK in CV
ParticipantI think the diagnosis is accurate. The middle class is shrinking at an alarming rate. The concentration of wealth among the top 5% over the last 30 years is staggering.
However, the conclusion that it is related to globalization is unclear. Correlation and causation are two different things. I’m not even sure that a good case for correlation has been made.
There is much stronger correlation between the decline of the middle class and concentration of wealth among the top few percent originating with the fiscal and regulatory policies of the 80’s.
http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts
July 30, 2010 at 11:53 AM #584567SK in CV
ParticipantI think the diagnosis is accurate. The middle class is shrinking at an alarming rate. The concentration of wealth among the top 5% over the last 30 years is staggering.
However, the conclusion that it is related to globalization is unclear. Correlation and causation are two different things. I’m not even sure that a good case for correlation has been made.
There is much stronger correlation between the decline of the middle class and concentration of wealth among the top few percent originating with the fiscal and regulatory policies of the 80’s.
http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts
July 30, 2010 at 11:53 AM #585103SK in CV
ParticipantI think the diagnosis is accurate. The middle class is shrinking at an alarming rate. The concentration of wealth among the top 5% over the last 30 years is staggering.
However, the conclusion that it is related to globalization is unclear. Correlation and causation are two different things. I’m not even sure that a good case for correlation has been made.
There is much stronger correlation between the decline of the middle class and concentration of wealth among the top few percent originating with the fiscal and regulatory policies of the 80’s.
http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts
July 30, 2010 at 11:53 AM #585211SK in CV
ParticipantI think the diagnosis is accurate. The middle class is shrinking at an alarming rate. The concentration of wealth among the top 5% over the last 30 years is staggering.
However, the conclusion that it is related to globalization is unclear. Correlation and causation are two different things. I’m not even sure that a good case for correlation has been made.
There is much stronger correlation between the decline of the middle class and concentration of wealth among the top few percent originating with the fiscal and regulatory policies of the 80’s.
http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts
July 30, 2010 at 11:53 AM #585513SK in CV
ParticipantI think the diagnosis is accurate. The middle class is shrinking at an alarming rate. The concentration of wealth among the top 5% over the last 30 years is staggering.
However, the conclusion that it is related to globalization is unclear. Correlation and causation are two different things. I’m not even sure that a good case for correlation has been made.
There is much stronger correlation between the decline of the middle class and concentration of wealth among the top few percent originating with the fiscal and regulatory policies of the 80’s.
http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts
July 30, 2010 at 12:08 PM #584486Arraya
Participant[quote=SK in CV]
However, the conclusion that it is related to globalization is unclear. Correlation and causation are two different things. I’m not even sure that a good case for correlation has been made.
There is much stronger correlation between the decline of the middle class and concentration of wealth among the top few percent originating with the fiscal and regulatory policies of the 80’s.
http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts%5B/quote%5D
Quite possibly, the concentration of the top few percent is correlated to both. It’s a non-linear and inter-connected world.
Corporation A moves mfg to China, labor costs drop to a fifth, CEO’s and management’s pay skyrockets, US labor replaces job with wall mart sales associate @ half the amount…. Voila!
Former middle class replaces wages with debt to keep up consumption…Debt bubble collapse…which brings to about now.
July 30, 2010 at 12:08 PM #584577Arraya
Participant[quote=SK in CV]
However, the conclusion that it is related to globalization is unclear. Correlation and causation are two different things. I’m not even sure that a good case for correlation has been made.
There is much stronger correlation between the decline of the middle class and concentration of wealth among the top few percent originating with the fiscal and regulatory policies of the 80’s.
http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts%5B/quote%5D
Quite possibly, the concentration of the top few percent is correlated to both. It’s a non-linear and inter-connected world.
Corporation A moves mfg to China, labor costs drop to a fifth, CEO’s and management’s pay skyrockets, US labor replaces job with wall mart sales associate @ half the amount…. Voila!
Former middle class replaces wages with debt to keep up consumption…Debt bubble collapse…which brings to about now.
July 30, 2010 at 12:08 PM #585113Arraya
Participant[quote=SK in CV]
However, the conclusion that it is related to globalization is unclear. Correlation and causation are two different things. I’m not even sure that a good case for correlation has been made.
There is much stronger correlation between the decline of the middle class and concentration of wealth among the top few percent originating with the fiscal and regulatory policies of the 80’s.
http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts%5B/quote%5D
Quite possibly, the concentration of the top few percent is correlated to both. It’s a non-linear and inter-connected world.
Corporation A moves mfg to China, labor costs drop to a fifth, CEO’s and management’s pay skyrockets, US labor replaces job with wall mart sales associate @ half the amount…. Voila!
Former middle class replaces wages with debt to keep up consumption…Debt bubble collapse…which brings to about now.
July 30, 2010 at 12:08 PM #585221Arraya
Participant[quote=SK in CV]
However, the conclusion that it is related to globalization is unclear. Correlation and causation are two different things. I’m not even sure that a good case for correlation has been made.
There is much stronger correlation between the decline of the middle class and concentration of wealth among the top few percent originating with the fiscal and regulatory policies of the 80’s.
http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts%5B/quote%5D
Quite possibly, the concentration of the top few percent is correlated to both. It’s a non-linear and inter-connected world.
Corporation A moves mfg to China, labor costs drop to a fifth, CEO’s and management’s pay skyrockets, US labor replaces job with wall mart sales associate @ half the amount…. Voila!
Former middle class replaces wages with debt to keep up consumption…Debt bubble collapse…which brings to about now.
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