
TPM wrote up a post about income inequality which makes the point Ed makes just about every night. The middle class is getting left behind, and the 1% are coasting in America. The chart is start (it's originally from EPI).
You better believe Ed will be diving into this one tonight on The Ed Show at 8pET on MSNBC!



Good Union puppet Ed, maybe they'll throw you another Grand for this. Does this chart take the leaps in technology with the rise of computers? Cel phones and the like?
The graph clearly shows that productivity growth has been fairly constant since WWII meaning you cannot attribute that growth to modern techonology. Your argument is bogus.
Ed, you are simply a lying fat POS socialist. No one with any brain watches your show because it is simply a series of lies and falsehoods that are impossible to believe. Get your facts straight. Buy a vowel. Unions are dead. People are unemployed because the Communist Obama is a blithering idiot community organizer. Raising taxes on the so-called wealthiest 1% will hurt the economy and job market even more while raising a paltry $5 billion annually. Obama and his communist ilk spend that in less than a day on wasteful, mindless social programs that do nothing to stimulate the economy. You are such a buffoon.....
Bitch and moan while supplying zero evidence to back up your claims. Typical Republican.
Another Democrat buffoon. You guys are comical. And just plain ignorant. Obama will get blown out in November. Just watch. People have figured this communist out.
Well, the graph showing compensation split in the 70's, where computers where used more. Right? People can be more productive, it takes one person to perform a job that used to take 3.
There are millions of jobs out there that don't require a computer in which people are doing the job of two or three. In the 34 yrs at my job we have gone from a six man crew to a two man crew with the same amount of productivity produced but which requires longer days and a much faster pace at work. Corporations and even small businesses know all too well how to minimize their costs on the back of their workers.
Ugly just ugly - can't you see what is happening. Charts don't lie. We care. Ed cares. Why are you so mean and ugly? don't you care about the middle/poor class? May god give you some care for we the middle class and all the good we dems are trying to do for our people and our country. Ed Schultz is such a loving, caring man and he owns a business and it is my understanding that he is the 1%. He fighting for us and so am I. god bless you and give you a heart, care and understanding for the working poor. amen
Well he's certainly not thin but that doesn't mean flamming Ed(the host) isn't against newsvine rules.
You do remember you were watching the show
Well if they're dead why is the right so concerned about killing them? If unions are dead surely they couldn't pay Ed money from beyond the grave right? Why did voters reject Kasich union stripping bill in ohio if they no longer exist? Hmmm...tells me this claim of yours is not quite true.
Well under Stalinist dictator Reagan and Clinton taxes on the wealthiest were higher and the economy did not suffer for it.
Yes the government should give money to people and companies that are already successful and thus don't need it while cutting medicare, social security, education, food for the hungry, police, teachers, and fire fighters. We should practice the osterity that has driven Spain and Britain back into recession. Good plan I'm that will work fine isnce it's clearly worked so well for us and others in the past.
You know with so much denouncing of negative campaigning in the republican primary I'd like to hear what makes Mitt Romney so great. Seems that the constant false attacks and negative ads that the right claims to hate are the only thing they've got. So what's so great about Mitt Romney and by that where's Willard's courage? The man can't stand up for his own statements how do we expect him to stand up for America?
Remember the more times the right uses words it doesn't know the definition of like communist or socialist that is a sign that they have no positive evidence to make their own points. The more they use such language is a sign the otherside is winning the arguement.
Of course technology is the biggest factor in increased productivity but the chart shows that the working class has obviously not shared in the benefits from this. instead it all goes to increased bonuses for execs. Robert Reich is correct when he says the working class has been hosed since the early 70's but look closely at the chart. You will see that when a democrat enters the white house within a year or two wages go up for workers. When a republican goes in the wages go down. As far as Unions being dead, in spite of the great efforts by the Neo-Fuedalist movement with it's puppets like Walker in Wisconsin there are still 15million union members in this country and we vote. and we will be voting blue. Only ignorant people listen to the Ed show. I have an IQ of 165 and have 219 hours of college credit. Who cares. My point is that the average person watching the Ed show probaly has twice the intelligence and education of the toothless nascar fans that watch Fox comedy news.
Methinks the paid trolls and Republican zombies are out there fighting for their corporate bosses, "please don't outsource me to some other country" , "We can't tax them or they'll cut more", We can't tax them, of consumers will pay more", "we have to obey their demands, or we will lose jobs"…
Right where corporations want their customers and employees. Under their control.
Now, it there was any sign of appreciation for AT&T, Verizon, Auto Industry employees, retirees. I would be happy to be more cooperative and blame corporations less. But they only bargain to cut costs while they are doing well. There is growth and the CEO salaries are at the top, at least the telecom CEOs.
I, and probably most folks view the relationship between consumers, employees and employers as cooperative, not one sided. Without all facets, the system doesn't work. We have an unbalance and it can be fixed with just a little less greed from the top of the heap.
Even Forbes says the CEOs are cutting into investor profit. So, by the top taking cuts and spreading around profits more broadly, perhaps the economy will work best?
http://www.forbes.com/lists/2012/12/ceo-compensation-12_land.html
http://www.forbes.com/lists/2012/12/ceo-compensation-12-historical-pay-chart.html
Statistics of Fascism....
ignorant words from an ignorant mind
This coming from a teabagger thats been kicked in the head one too many times by the boot they love to lick so much.
more lies.....
http://www.youtube.com/watch?v=8IkC4gM6QX4
Hey,Eulices Ponce Yugotlices poncho??? TeaTard lmfao
Dan, I'm not quite sure what point you're trying to make or what message you're trying to get across besides a racist one by calling me ''pancho''. I also don't understand your ''TeaTard'' comment when I was only stating that comment ''Statistics of Fascism....'' was an ignorant one. To me this graph isn't just numbers and lines, it's real life. And not because of laziness or lack of education. It's because companies are, at least from my experience and the experience of my friends and family, expecting more and paying less because they know that if you don't do it there are countless other people that will do it and sometimes for less.
So please analyze things a little more in depth before voicing your opinion.
That's right Ed. It's like a river that just would not stop spreading apart every 10 years. That is one thing that the right wing does not want to talk about. The middle class generates profit for the rich and the rich continues to take away from the middle class.
We need to get out as much iformation as we can about the widening income gap. Ed & his staff always do a good job at finding out what the 99% needs to know. As far as technology playing it's part, the 1% running these companies have benefitted from them. Why not the average middle class worker?
So in should we take from those based on what they
worked for have, and give to those based on what theywantneed?The profit margins corporations receive these days sure makes your question redundant as hell.
Boo, hiss....bad profit, how dare they be successful.
OH good lord, Get back under your bridge troll. How do you defend these republicans? How can you vote for someone that will take more than give. My guess is you don't even know why any more. Your daddy did, his daddy did so you do too. Problem is, this so called republicans are not your daddy's republicans. Eisenhower, would be a democrat even Reagan wouldn't fit in today. Nixon was working on Universal Health care.
As far as the chart, my back knows all about it!
He hopes that by supporting the wealthy interests some day he will get a golden hand out that will lift him out of his sewer into the 1% club. Not because he knows anyone that has ever lifted themselves up to that 1% club but rather an insane doddering old fool told him it would happen.
#5.. Well said, Roger. The decline for average workers began under Reagan and continues to this day. If Romney wins the election we'll all be off this chart.
They are slowly but surely decimating the middle class, while other countries are trying to expand theirs. You cannot sustain a country this way: Unpaid for wars, not enough revenue, outsourcing, income inequality, downward mobility! And now Citizens United has our very Democracy at risk.
Wake up, folks. The Republicans are not on the side of workers! They care only for the rich. Period,
Obama 20122.
We need look no farther than China. China learned many years ago that they needed a strong middle class to have a strong economy. They raise their minimum wage to keep wages going UP. Last year, they raised it 3 times. Already once this year. And the GOP wants to eliminate our minimum wage.
Market forces determine wages. Minimum wage requirements destroy jobs in small companies which employ roughly 80% of the American workforce.
By the way, the average minimum wage in China is $5 to $8............ a DAY. Yes, China has a very strong "middle class"..... LMAO
According to Wikipedia, the minimum wage in China is determined by local governments on a province, community or region basis. Equivalent to a city, county or state basis in the US. The average Chinese citizen makes the equivalent of between $84 and $202 per MONTH on minimum wage. Maybe all these whining liberals should go try that for a while so they can appreciate what real poverty is instead of what they claim is poverty in the US.
http://en.wikipedia.org/wiki/List_of_minimum_wages_in_People's_Republic_of_China
Larry....there are planes leaving every day....make a reservation on one and go see if you like it there since you are so proud of their system./
Stormy
Please show me whare I said I was proud of anything there. I made a statement that your right wing mind can't compute. I would love to see you righties live on the minmimum wage you think is too high. You bitch about the welfare rolls but a minimum wage/ 8 hr day still qualifies a person for some assistance. And you want to lower or eliminate it. Very smart indeed.
Stormguy, if wages are so good in China, why are workers at an Apple parts manufacturing plant there are threatening to commit suicide because of conditions and wages? Maybe you should inform yourself before you make an ass out of yourself like all teabaggers.
To late he has already made that bed.
I am not the one who said that it was good...larry was the one trumpeting how important they think it is to have a strong middle class because they raised their minimum wage 3 times last year...my point was that their idea of a "strong" middle class is much lower than even our poverty level.
Larry...Please point out ANYWHERE that I have ever said I was in favor of lowering or eliminating the minimum wage. One of the Dummycrats favorite tricks...making up points of view. Your statement, we need to look no further than China, appears to be holding them up in high esteem for their magnanimous gesture of raising the minimum wage.
Keep trying Whom. One of these days you might be able to construct an entire sentence using proper structure and punctuation. You got close that time.
Stormguy, is that what you'd like to see our minimum wage be, I offer the vision of Tom Delay, Grover Norquist and Jack Abramoff to show the Republican capitalism ideal they wish to promote by creating Republican permanent majority, giddy with power. About one third down, you will find Marianas and some discussion that Delay loved that model and would not want U.S. territory to be under U.S. labor laws. Romney was a founder of Bain Capital, which fed on merging and gutting, downsizing, eliminating jobs.
http://www.pbs.org/moyers/moyersonamerica/print/capitolcrimes_transcript_print.html
Ed...show where the money's going.....the increase in CEO pay...
I love seeing how some people are blind to the fact that in the middle and lower middle class the majority of people are working harder and longer simply to get by. And in most cases working not just one job but two or three.
Do some research before you spread your ignorant BS
I work two jobs. In fact, started both companies. Got off my ass. Refused to take no for an answer. It's what built America. I am getting close to the 1% not because of any socialist government program, but because I risked everything I had..... and it was not a lot. You friggin' democrats are such whiners and losers. Wake up. Work hard. Take some risk. Get off your fat asses and pull your own weight.......
You may think you did it by yourself and hard work. You're crazy. It took other people. Nobody ever made it "by themselves". Others are involved.
And then you prove to be a true right winger by calling ALL democrats a name. That is one thing that makes it easy to take your crap as nothing but lies, and hate. Your side can't comment without put downs, insults and names. How sadly empty you are. And believe it or not, there is so much more to life than you almighty dollor.
First of all, all democrats are socialists. That's a fact. Not a name. Buffoon? Yeah, that is a name. Call me empty if you like...... I don't care.
I started my companies and built them from my living room. Steven Jobs started his "little company" from his parents garage.
We have over a thousand employees now. Fiercely loyal and dedicated. Well taken care of. Non-union.
Ever met a payroll before? Ever dealt with mindless and endless government regulations before? Ever run your own business before? I rest my case.
Yes I have. And you still prove you can't post without names. typical right wingers.
But those damn regulations that give you safe water and air are real pests. Those damn regulations that keep your workers safe, if they are, are a real pain.
But hell lets just deregulate everything. Thar's what you want. That would put people to work, Make oxygen masks and water purifiers. But don't go outside.
And icase you're to stupid, Obama has eliminated more regulation than he has impossed, and working on eliminating more. But we need to just get rid of all of them.
Yes I have, and it is not easy either. But we paid our workers a fair wage according to our profits, and we were often the only ones not taking money home, and what we did realize went right back into the business. Please don't tell us we are all socialist and buffoons here. We can agree to disagree about our politics but if the only way you can win and argument is by personally insuting those who post another opinion, that is un-acceptable.
Jeff
Liberals like Larry don't make payrolls. They make their way to the mailbox hoping and praying that the green check from Barry O. is there. Then it's straight to the liquor store.
TM
Give me an example of the "living wage" you paid your unskilled workers..............this should be good!!
Jeffery from the Fascist capitol of the USA Arizona, and Rubber ducky are probably business owners who have wet dreams of becoming a Kockroach bro one day. Remember boys, that bush corporate welfare tax cut you get is about to expire. Time for you to pay your fair share.
Jeff from Phnix, I will not stoop so low as to call "you Arizonans" names, just to start off after being slapped by you. This country must somehow get past the bashing, just to bash! It's not helping a thing!
First off, I am a registered Democrat because I do not like the REPUBLICAN methodology and ideals. We Democrats share some traits and those traits are becoming less because Republicans wish to form a permanent majority, at all costs. The debt was racked up during tax cut and spend years.
If you read what I wrote to Stormguy, the link shows factual data that occurred when they got their power. The Majority Leader, Tom Delay found Saipan to be a great model or petri dish for capitalism, declaring he would have power to leave the bill off the schedule (that would have workers reach a minimum wage, just like the USA label their company fastened to their clothing). No, no, no we must have low paid labor over seas, not Union employees in the U.S.
To me, this would promote business to off shore U.S. jobs. I know many Republicans want to talk about other things, but jobs in this country needs the attention of Congress and they are willfully choosing to limit womens' rights and cut things for the poor in order to balance budgets, but no way can we hike any tax, because a pledge to Grover Norquist trumps the pledge to their oath of office to do their jobs! Show me how tax cuts will make people hire employees! Show me how after Bush cut taxes the unemployment went down.
I know the Republican Party wants to put all blame on Democrats, but they need to acknowledge their part in how we got here and put aside the politics and get together without refusing to play ball, just to make the other guy look bad. Really, that is why people voted for Obama, trying to get to some kind of middle ground to make headway.
This is what I am interested in, not whether or not somebody "wins", we are losing every time we push for partisan impasse.
I have never voted for any Republican, but I have always worked, pulled my own weight, paid my taxes, and I acknowledge that some things are in the interest of keeping the country on a path to success, not saying you must stay in that rut, no funding for schools in poor areas, no jobs for you, we will not pay.
You must admit Jeff, without customers and employees, your business is not doing so well. We must promote the things that lead the way to educate, train and hire employees, business people and innovators, artists, musicians.
There seems to be some myth about large numbers of people wanting to stay in poverty. I know some folks that were in poverty and got out of poverty, but they didn't do it by themselves. I know some people (especially lately) that have gone from a steady job, into poverty because of no fault of their own. Outsourcing jobs trend is a business plan, not that the employees are bad, but they see more money in off shoring jobs. Also, death of a spouse and illness is a common issue causing poverty. Not just "they are all lazy", like some folks tell themselves. Humanize this, if we acknowledge that people who are paid spend money, bring profit, so when you keep taking money from employees and consumers, there is no economy.
Not everyone is going to start a business. And, where are all the jobs? It is getting better, but no acknowledgement of that is allowed. Recession? No. We are not in one. Imagine if we cut war spending and left public jobs as they are, plus ending furloughs, discuss pension funds, the economy would come back faster. But the goal appears to be to remove social safety nets like SS and Medicare and send money into Wall Street to be maybe, maybe not available for retirement.
I'm talking about this kind of name calling, Jeff:
Jeff from Phoenix-5047857
I work two jobs. In fact, started both companies. Got off my ass. Refused to take no for an answer. It's what built America. I am getting close to the 1% not because of any socialist government program, but because I risked everything I had..... and it was not a lot. You friggin' democrats are such whiners and losers. Wake up. Work hard. Take some risk. Get off your fat asses and pull your own weight.......
National MSNBC commentator Ed Schultz continues to OVERLOOK THE OBVIOUS!! His focus as others is on Full Employment and Jobs rather than Full Production and Productive Capital Ownership!
What should be obvious is that people invented tools to reduce toil, enable otherwise impossible production, create new highly automated industries, and significantly change the way in which products and services are produced from labor intensive to capital intensive––the core function of technological invention. Yet Ed et, al continue to be stuck in advocating JOBS as first priority, when advocating broadened productive capital ownership will result in "real" job growth and most importantly empower ordinary Americans to acquire private, individual ownership in new expanding productive capital assets of corporations using insured capital crudity and paid for out of future earnings. Such policies will provide a "second" dividend income and pave the path for prosperity, opportunity, and economic justice.
Binary economist Louis Kelso attributed most changes in the productive capacity of the world since the beginning of the Industrial Revolution to technological improvements in our capital assets, and a relatively diminishing proportion to human labor. Capital, in Kelso’s terms, does not “enhance” labor productivity (labor’s ability to produce economic goods). In fact, the opposite is true. It makes many forms of labor unnecessary. Because of this undeniable fact, Kelso asserted that, “free-market forces no longer establish the ‘value’ of labor. Instead, the price of labor is artificially elevated by government through minimum wage legislation, overtime laws, and collective bargaining legislation or by government employment and government subsidization of private employment solely to increase consumer income.”
Furthermore, according to Kelso, productive capital is increasingly the source of the world’s economic growth and, therefore, should become the source of added property ownership incomes for all. Kelso postulated that if both labor and capital are interdependent factors of production, and if capital’s proportionate contributions are increasing relative to that of labor, then equality of opportunity and economic justice demands that the right to property (and access to the means of acquiring and possessing property) must in justice be extended to all. Yet, sadly, the American people and its leaders still pretend to believe that labor is becoming more productive.
See
And so you're saying the people doing the "job" don't deserve to be paid more, as profits increase. Prices increase. Income doesn't. Where is the money going. OH, that's right to the top. After all, they work so hard for it.
Larry 74- so exactly what is your fix for the problem you believe exists?
I would listen to the best economists available. But the right believes we need to cut and gut our way out. Let our out dated, crumbling infrastructure go to hell. Let those below safety standard bridges collapse. Who cares?
For all the negative shots at ED, people do know that companies are making more money recently with record profits but but wages are level or falling? Why? Because productivity is up and wages are stable or falling. Do you people have jobs? I know this and did not need Ed to tell me. I am living this. It has nothing to do with technology.
Well said GaryReber. In layman's terms for the mindless democrat entitlists on here, times have changed. Human capital in labor is no longer the prerequisite to success in today's world economy. It is innovation. Investment. Managing risk. These are the principles that create jobs.
Today's work force needs to re-educate itself. We are no longer an assembly-line society for the most part. Unions want to dumb down our labor force because without them, they have no power. Right to work states are the coming thing. Lower taxes will help everyone...... everyone but the wasteful government that needs the mindless sheep they have created to depend on them. "As long as you rob Peter to pay Paul, Paul will always be your biggest supporter"
Democrats just don't get that.......
An another rightie just can't keep from calling names thus loosing ALL credibilty. Very empty.
Larry, what would you expect from a self severing paranoid psychopath, traits that the teabaggers are famous for?
Hey Jeff...pretty much everything you have asserted is wrong. I have started three businesses over 35 years. The first two employed hundreds of people across multiple states. Both failed when the economy turned against us; one in the 70s in the wake of the oil embargo, the other in the 80s, when credit dried up. So I did it again. I never experienced a shortage of smart ambitious people to hire. And while what we did wasn't assembly line work, labor in construction isn't either. You can't build a house without labor but you can't build a bunch of them without credit and when it dries up, like it did in 2008, the stuff hits the fan pretty quickly...and it's not labor's fault.
Lower taxes are not the answer. In fact low taxes are a big part of the problem. We are running a very big country with very big expenses, especially for security. We haven't paid on a current basis for Defense since the Korean War and we have the debt to prove it. That's not labor's fault.
We have clean water, clean air, beautiful national parks, an amazing road network, a robust energy grid, sewers that work, safe work places, food and products. What part of that is a waste?
When taxes are low, the wealthy have more savings which turns into investment. That's the right's argument for coddling "job creators" But for the last 40 years, those lower tax rates have turned into just two things: Increased foreign investment where returns are high and increased government debt, held largely by those very same wealthy job creators who have big savings to loan back to government. The reality is "Trickle UP!"
JIT...good job of staying above the fray instead of getting sucked down in the mud. I love how the Democrats are so much better than the Republicans that they condemn.
My apologies, Ive been dealing with reichwingnut jackasses for over 30 years. I guess it just comes natural.
Its okay, I can understand...I have been dealing with arrogant obnoxious marxist Dummycrats for over 50 years. And as a reminder, the jackass is the symbol of the Democratic party.
Jeff- Today's work force needs to re-educate itself. Have you priced an education lately? I work 2 jobs & checked out an online degree in computer software - 3 yr min @ $54,000.
Right to work states are the coming thing. I worked for a company & in 2006 was told by the CEO the co. lost 100K in advertising & we needed to cut back to make up that $. Her answer was to eliminate jobs & reduce all hourly emp. from 40 to 36 hrs. a week. The reason was, the owners wanted their "bottom line" to remain the same. So much for shared sacrifice. The very people who helped created and build the company where now expendable.
All the Ed haters say & think the same. When we talk about shared sacrifice, we are called socialists. I want business to grow, I want the Romney's of the world to profit, I just want a fair & decent wage out of the deal.
In 1960 my dad earned $100 a week. His house payment was $100 a month. In 2000 I earned $750 a week, but my house payment was $1200 a month. So in '60 1/4 of your income paid the house payment. In '00 it takes nearly 1/2 to make the house payment. In 40 years where did that extra 1/4 of wages go? And I will respond to the answer I know is coming, buy a smaller house. A wife & 3 kids in a 3 brd is not out of line.
Have you noticed groceries lately? Items that use to cost .99 or 1.29 are now 1.49 & 1.79. But wages have not increased.
I also live in the "Fascist capitol of the USA Arizona". This is the most employee-unfriendly state I have every lived in. "Right To Work" is just above slave labor.
What we're really seeing here is the substitution of energy for labor after the OPEC embargo in 1973. Business successfully convinced government to not promote fossil fuel alternatives by vilifying the Carter administration and opposing increased gasoline taxes. Our current wage scheme is treating workers as a factor of production that can be substituted for other factors like cheap foreign labor, subsidized oil and municipal tax breaks designed to "attract business". This was also a period of constantly declining income taxes. Low taxes insure that the wealthy have more savings. Savings turn into investment. But during the period we're looking at, foreign investment soared. Foreign workers benefited in Mexico, China and India (good for them) Higher income taxes would force more wealth to stay within the U.S. borders if it was spent by government on infrastructure (investment) or welfare (consumption). Benefits would flow to both workers and the big companies who employ them because those companies would get the construction contracts and sell goods at retail...win/win. If, on the other had, it gets spent on wars, there is no real return on the spending because so much of the Defense budget is for stuff that gets used (blown) up but not consumed. It also doesn't help (much) to spend it on interest because the same rich people (here and abroad) are the ones collecting the interest income.
This chart looks highly suspicious for two reasons: 1) The steady slope of the productivity line does not reflect the punctuated increase in productivity from automation and outsourcing beginning in the 1980s, and 2) the abrupt divergence of the compensation line in ~1970 suggests that the underlying data is wrong, perhaps due to inconsistent inflation-adjusted data sets.
Here's a link to the original article.
www.epi.org/publication/ib330-productivity-vs-compensation/
Productivity, which is displayed on a cumulative basis in this chart, grew in the 80s but it really grew in the 90s. The wage number is adjusted for inflation and displayed as real average wages. EPI is a very reliable source of this type of data.
Wages are determined by supply and demand of labor and skilled workers. High unemployment keeps wages low as demand for workers is eased by the number available. Corporations benefit by shipping jobs overseas since it increases the labor pool and keeps wages low at home. The problem with this is that what is produced is not affordable to the workers who make it. This causes less demand for products and then less need for workers to make products. The cycle continues. Unions help keep wages somewhat fair as does minimum wage. However, the gross profits made by the .02 percents is nothing more than robbing the people who make it possible for them to even be in business. As far as tax rates go, it is the military that protects the corporations overseas investments, it is the highways that allow easy transport of their products, it is the police that protect their businesses here at home, it the FAA that protects there lear jets. etc etc etc. This is why the rich need to pay more. They are the ones who benefit the most. You give a rich guy tax breaks he is not going to created more jobs. If the rich guy pays his employees fairly, then that would stimulate the economy and that would create more jobs. If I have more money I would be able to buy the things Americans produce. Oh yeah lets not forget the navy keeping the sea lanes open. They need to pay more taxes!
Exactly the right's fixation on the wealthy as job creators is illogical. They seem to believe that having money means you are helping the economy because no one ever got a job from a poor person...blah blah....class warfare...socialism...blah...obamacare
Well in the simplest terms yes the people who are wealthy do create jobs at their companies, they own them, you can't get a job there unless they pick you. Having said that why do businesses hire in the first place? It isn't to spread good will and cheer it is because the person needs more helpers. They make new jobs when new needs arise that can not already be solved with their current factors, they hire more help because they need them to help handle more customers if costumers are buying more stuff. If no one buys anything than you won't hire, why would you after all you don't need more help what good would a new employee be.......
Fact is the middle class spends more income on stuff than the rich. A wealthy individual may only spend 10% on stuff they buy which granted is a lot of money because that person is wealthy so each percent counts for much more. The middle class may spend more than half their total thus if you raise taxes on them that number will go down since they have much less the negative impact for them is much greater
the rich do create jobs but they would have no reason to do so if not for the middle class, we are the reason for the hiring
Which is exactly why I want to incentivize employers that outsourced jobs to bring the plants and factories back to U.S. soil, not those places that Tom Delay was praising the U.S. territory of the Marianas as captiaist petri dishes.
http://www.pbs.org/moyers/moyersonamerica/print/capitolcrimes_transcript_print.html
(about a third of the way down)- but this article is all shining a light on lobbying, the desires to buck labor unions, and fight against laws to bring the factories that are placed in places on U.S. territory that would need to follow our laws. The foreign business tycoon trying to woo Tom DeLay and it apparently worked. This was clearly to enable the garment industry (among others) to claim "made in U.S.", but not really, because we can't allow the minimum wage laws and working conditions, etc. These are the people that encourage outsourcing jobs. If we cannot exploit the laws of other countries, might as well bring the jobs back to the U.S.
I want Congress to do something that will make it less desirable to off shore jobs and persuade businesses to hire people at better wages. It will be good for economy, raise revenues to pay for budgets without having to raise as much actual taxes… win, win. Free market without regulation leads to businesses getting tax breaks without providing the employment, for which they are given those breaks.
Romney seems to want the tax breaks, but just the merger news causes stock to go up because of layoffs! How does that help America? Cutting jobs/budgets does not help any hiring occur. It helps private companies to get access to tax dollars and costs more.
Vote ROMNEY and the Unfairness gap EXPANDS!
Looks like we have some in here that are blinded by the light, or should i say blinded by the RIGHT. The Middle class is most definitely getting left behind by income equality. It's time we stand up for what is right. A Romney Presidency will destroy the working poor and the middle class.
Wow, did you see Ed and his chart last night. Pointing out when the lines separated that Reagan was the president. What a joke. The lines separated before that and continued to get farther and farther apart when Bush #1...Clinton....Bush #2....and Obama. Funny Ed did not mention that. Just Reagan.
What a joke he is. Showing that chart and spinning it to be the Republican's fault. His man has been president the last 3.5 years and the lines are still way apart............so if this chart is correct.......there is plenty of blame to go around to every president from Jimmy Carter to Barack Obama.
The lines began to separate on Ed's big chart when Carter became president...not Reagan...and they made the biggest jump under Clinton, Bush, and now Obama.
Come on Ed. Put the blame where it belongs. Stop your lying and spinning. Tell the truth.
This is not a fair comparison as the two indices use deifferent approaches in coming up with their figures. Also, the hourly rate line is only wages and doesn't include total compensation. You must recognize that in the past 20/30 years besides getting a wage, people are now getting pensions and insurance, and bonuses, etc. that they weren't getting in the 70s, 80s to the extent they are now so a better comparison would be of total compensation and you would not see such a gap. False argument Ed.
Ed's argument is an oversimplification and so is yours. The business cycle doesn't conform to Presidential administrations. It wasn't Carter's fault that OPEC embargoed oil. Those seeds were planted at the end of WW I as the British Empire began to really unwind. And it was Congress that failed to respond properly to the energy crisis, not the President. It was Reagan who promoted tax cuts, union busting and reductions in programs for the poor. And he got himself elected by formulating the deal with the devil that is today's Republican Party. Bush I felt forced into the first Iraq war but had the good sense to not listen the neo-cons in his administration and pulled out after the primary mission was accomplished. Clinton like to take credit for all the good economic stuff that happened during his administration but the success was a combination of deals made with tech companies to allow them to reward their employees with stock, and a flawed effort to modernize the economy that had as much to do with the current economic crisis as did Bush II's ill-advised plan to cut taxes, fight a war and grow social programs for the elderly and not pay for any of it. The reason the chart is shaped the way it is? Because policy makers have consistently made the wrong decision when faced with economic problems. They chose the easy, politically expedient, bought and paid for plan every time!
Its not the workers getting hosed. Its all of the poor Ed followers who believe these charts and what he says about them. That is the hose job.
Have we pretended all these 35+ years that technology and American business management smarts drove improvement in productivity (efficiency) when it was instead lowering the denominator of the ratio, wages, while actually increasing the enrichment of management?