Our Great Economic U-Turn (Full Version)

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Level -> Our Great Economic U-Turn (5/14/2008 4:17:57 PM)

quote:


Some nonmedian folks did just fine, of course: The top 20% of households earned more, after taxes, than the rest of the country combined in 2005, while the topmost 1% of the population took home more than the bottom 40%. The top-earning hedge fund manager of 2007, in fact, made about as much last year in nominal dollars ($3.7 billion) as J. Paul Getty, one of the richest men in the world, was worth in the mid-1970s.



Real hourly wages for most workers, on the other hand, have risen only 1% since 1979, even as those workers' productivity has increased by 60%. What's more, American workers now clock more hours per year than their counterparts in virtually every other advanced economy, even Japan. And unless you haven't read a newspaper for 15 years, you already know what's happened to workers' health insurance and pension plans.


http://online.wsj.com/article/SB121072656227790335.html?mod=todays_columnists




pahunkboy -> RE: Our Great Economic U-Turn (5/14/2008 4:23:51 PM)

[sarcasm]  that just shows how LAZY people are.  they dont want to work




Level -> RE: Our Great Economic U-Turn (5/14/2008 4:43:24 PM)

quote:

ORIGINAL: pahunkboy

[sarcasm]  that just shows how LAZY people are.  they dont want to work


Well, some of them are, pahunk. [:D]




SugarMyChurro -> RE: Our Great Economic U-Turn (5/14/2008 6:26:19 PM)

Let the riots begin. Wait...

Blood and souls for My Lady, Madame Guillotine.




kittinSol -> RE: Our Great Economic U-Turn (5/14/2008 6:28:35 PM)

You called [8D] ?




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