I have notices that the rich seem to be getting richer. But was suprised to read that the top 1% have enjoyed a 600% increase raise in less than 10 years.
When juxtaposed with the Minimum wage arguement it looks like a B movie.
2007-02-24 03:56:31 · 10 answers · asked by Anonymous in Politics & Government ➔ Politics
Because the wealthy and the corporations have waged a one sided war on the workers and the unions. That 600% income increase for the top 1% came directly from reduced wages and benefits for working class people!
2007-02-24 03:59:37 · answer #1 · answered by Anonymous · 0⤊ 0⤋
How does one have anything to do with the other. Do you think that by raising the minimum wage 600% would gain the same sort of increases in a companies' productivity that hiring and compensating the best CEO's does? The reason the top wage earners salaries are increasing at that rate is they are increasing their companies earning while keeping costs in check. Do you think that by mandating increases in wages that those same companies will enjoy the same rises in productivity? The answer is no.
If you want to help the lower wage earners lets start educating them to be self reliant. Educate them to prepare for higher skilled jobs and to not rely on whatever low wage job they qualify for. Teach them the entreprenurial spirit. Teach them that they have no one to blame but themselves if they are mired in a crummy, low paying job. Remember, pay is directly based on the numbers of available workers for that position. Fast food jobs pay poorly because in addition to all the high school kids competing for them there are as many losers out of high school that can't get any other job.
Also look at the increase on a total dollars scale. The top 1% of wage earners earn about 5-7% of total dollars paid in wages. The bottom 30% of wage earners make about 50% of total dollars earned(this is a close estimate, I dont remember the exact #). If you redistributed that 600% increase that the top 1% made it would only be about a very smalll increase spread over the bottom 30% of wage earners, all with no expected rise in productivity.
2007-02-24 04:12:19 · answer #2 · answered by meathookcook 6 · 0⤊ 1⤋
Hm... i'm gonna comprise a minimum of one track from the 50's, if that's ok. Led Zeppelin - communique Breakdown The Police - Roxanne Ramones - Blitzkrieg Bop R.E.M. - dropping My faith Rage against the device - Take the capability back The conflict - London Calling The Jimi Hendrix adventure - All alongside the Watchtower Chuck Berry - Johnny B. Goode Radiohead - Bodysnatchers loose - all suitable now Judas Priest - a splash of Evil Sly & The relatives Stone - thank you Black Sabbath - Heaven and Hell Led Zeppelin - Custard Pie The Jimi Hendrix adventure - crimson Haze Led Zeppelin - The Rover coastline Boys - California women Judas Priest - electric powered Eye Led Zeppelin - Ten Years lengthy previous John Lennon - think of i'm able to stay without them of direction, yet I pay attention to those songs somewhat extra suitable than I do different songs. notably the 1st 5.
2016-12-18 10:02:36 · answer #3 · answered by ? 3 · 0⤊ 0⤋
1. low taxes for billionaires (only Mexico has lower taxes)
2. corporate welfare
3. GOP-provided tax loopholes
Eventually the GOP will remove all taxes from the rich....most taxes will be paid by middle and lower classes....then the rich essentially merges with the federal government controlling elections.....the govt. and rich become ONE...and what do you have? A FASCIST government AKA the GOP utopia.
2007-02-24 04:00:55 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Globalization has reduced their largest expense, labor. They now have a means to pay less than pennies on the dollar for what they used to pay a living wage for.
2007-02-24 04:01:46 · answer #5 · answered by Anonymous · 1⤊ 0⤋
It is always easier for the haves to get more at a faster and more consistent rate than the have nots. This goes back to the whole "you need money to make money" cliche.
2007-02-24 04:00:00 · answer #6 · answered by Richard Bricker 3 · 0⤊ 1⤋
Everyone is getting richer.
That's just the way a free society is supposed to work.
2007-02-24 04:02:03 · answer #7 · answered by wolf 6 · 0⤊ 0⤋
I haven't read it, but it doesn't surprise me in the least. The so called elite, really do think that they are better than any and all of the rest of us!!!!
2007-02-24 04:05:57 · answer #8 · answered by Anonymous · 1⤊ 0⤋
I THOUGHT YOU LIBS CONVINCED YOURSELVES THAT REPUBLICANS WERE POOR REDNECKS LIKE YOUR GHETTO CONSTITUENCY?
Oh, you mean the majority of us who are leaders in business and industry now? Yep, that's what happens when you create opportunity--we reap the rewards. Man-up Lib.
2007-02-24 04:02:49 · answer #9 · answered by Anonymous · 0⤊ 1⤋
The good news is you can achieve that kind of wealth. Well, maybe not you...
2007-02-24 04:07:30 · answer #10 · answered by Matt 5 · 0⤊ 1⤋