Workers Incomes Stagnate, But it Doesnt Matter to the Economy

Very obviously, the US has an enormous surplus population:

'The wages of typical workers are growing roughly at the same rate that inflation eats into their buying power, while income gains are going mostly to the affluent.'

Not so... wages are fast falling way way behind what they used to be in comparison to the cost of living.

In 1982 I hired a lot of techs and mechanics... 10 dollars was low, 20 dollars was high... rent was 175 a month.

Now rent is 1500 dollars a month and rates are roughly the same 15 is low, 26 is high (union is 35 dollars)... and over half of a persons income goes to rent...with both spouses working in a family often the entire income of one goes to pay rent...or the mortgage.

its nasty.

and its about to get a lot nastier as more work goes to china and india, and as more illegals come to the US... and as the US government supports that crap in order to try and keep the income tax base up .... utter insanity.

Phil Scott

You might as well stop complaining, because coming election time people will stand in line to vote into office the same (or similar!) gang of politicians that brought this 'good life' to them in the first place. Utter insanity, (or schizophrenia lives!) Bruno

P.S. Just read this morning that the mayor of NYC will spent $100 million Dollars to gain a $1 job. Does anyone need an explanation?