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I'm not so sure. I think it is more likely that middle income people get the vast majority of their income from wages alone.
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“It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”
― C.S. Lewis, The Abolition of Man -
No. As discussed in the other thread, the median household income is increasing.Originally posted by Oerdin
Isn't the difference that pchang's numbers are averages while the median is dropping in all but four states?I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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YES. HOw many people in the lower ends get Investment returns? I mean, when the hell did they get money to invest?Originally posted by pchang
Does it really matter where your money comes from? What is the real difference between wages, investment returns, rent, etc. to one's ability to spend?
Are you saying that lower income people have no other source of income than wages (like savings account interest, tax credits, WIC, etc.)?
Many of them might get tax credits back, but then that is ususally alump sum. And these [people increasingly have large debts they have to service, which they do by borrowing anyways, so there are no savings.If you don't like reality, change it! me
"Oh no! I am bested!" Drake
"it is dangerous to be right when the government is wrong" Voltaire
"Patriotism is a pernecious, psychopathic form of idiocy" George Bernard ShawComment
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A lot, given that a good chunk of those people are pensioners who may have set aside a small nest egg otherwise.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Please. First of all, "a small nest egg" is not going to keep up with inflation PLUS rising health care prices, even when you get social security. Those sorts of people are exactly the type that will find the current economic situation hazardous to their pocket books. The lucky ones have set pensions, and many of them will probably see their pensions scrapped or cut back.Originally posted by DanS
A lot, given that a good chunk of those people are pensioners who may have set aside a small nest egg otherwise.If you don't like reality, change it! me
"Oh no! I am bested!" Drake
"it is dangerous to be right when the government is wrong" Voltaire
"Patriotism is a pernecious, psychopathic form of idiocy" George Bernard ShawComment
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I read in the paper (the Sun-Sentinal or the Miami Herald, probably the latter) the other day that wages as a share of the national income are at their lowest level since 1947. Let the good times roll!Christianity: The belief that a cosmic Jewish Zombie who was his own father can make you live forever if you symbolically eat his flesh and telepathically tell him you accept him as your master, so he can remove an evil force from your soul that is present in humanity because a rib-woman was convinced by a talking snake to eat from a magical tree...Comment
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Yeah it's less than 50%. That's ****in' sick!I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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and what exactly does that mean?“It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”
― C.S. Lewis, The Abolition of ManComment
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There's no hidden meaning. It means exactly what it says.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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No, it's the lowest since at least 1929.Originally posted by chegitz guevara
I read in the paper (the Sun-Sentinal or the Miami Herald, probably the latter) the other day that wages as a share of the national income are at their lowest level since 1947. Let the good times roll!
On the other hand, these numbers aren't really out of the ordinary. All of these measures are cyclical. You are seeing corporations start to do things to boost profitability as profit growth is becoming harder to come by. E.g., Intel laying off 10,500.Last edited by DanS; September 8, 2006, 12:35.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Can a few rich people really throw off the aggregate averages by that much?“It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”
― C.S. Lewis, The Abolition of ManComment
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I crossedited you some. As stated, it doesn't seem worthwhile to examine the extreme cases (i.e., right now). Last year, corporate profits were absolutely stellar. That can't last. It wouldn't surprise me to learn that the numbers you quoted above are the beginning of a period of larger wage growth.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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There's been no indication of significant wage growth since 1970.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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I think DanS is correct, that wages as a share of NI have not been that low since 1929 though.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Since 1970, wages and salary have increased an average of 6.9% per annum.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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