I worked in a store. I now work a very different job and I make a multiple of what I made then. I make more in real dollars than did people who did 10 or 20 years ago what I now do.
The people who work in the store now make only a little more, in real dollars, than I made then. Nobody that worked there when I did still does, and nobody that works there now will work there in ten years. They won't all make the same income 10 years from now, but they'll all make a multiple of what they make now, and if present economic trends continue, the ones who do what I do now will make more than I do now.
That's the "growing income gap" - it's primarily NOT between or among various permanent groups of people but rather the growing gap between what a person makes starting out and what he will make several years later - each generation makes more than the last and most of it comes at the height of your career.
Why does Paul Krugman think I still work at Market Basket and make $5.25?
2007-02-05 06:03:54 · 5 answers · asked by Anonymous in Politics & Government ➔ Politics
Krugman knows better, but he's a socialist with an agenda.
.....and he'll spin, twist and lie to push his desire for socialism in this country.
Thank goodness there are people like you out there who realize this.
2007-02-05 06:13:42 · answer #1 · answered by charbatch 4 · 1⤊ 0⤋
Can you say "fuzzy math"? The wage gab is between excutive salaries and workers. Although workers are part of the team that make a company great they have not been compensated for their contribution to the company's sucess.
Instead, now the execs use people, fire them and leave with multi-million dollar packages. Execs today feel detached from the US. They view the US as a place to use versus the foundation of their home and family.
2007-02-05 06:08:04 · answer #2 · answered by Chi Guy 5 · 2⤊ 0⤋
In a socialists economy there is no incentive for advancement. It makes the assumption that a person will do the same job for their entire life. In a capitalists economy the job structure is a springboard where people can advance to the highest level of capacity.
2007-02-05 09:53:27 · answer #3 · answered by .... . .-.. .-.. --- 4 · 0⤊ 0⤋
Because Paul Krugman is a lying weasel. I know, that's an insult to weasels.
2007-02-05 06:13:13 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Because Paul Krugman is an economics professor at Princeton, and doesn't know as much as you.
2007-02-05 06:08:13 · answer #5 · answered by bettysdad 5 · 1⤊ 1⤋