Originally posted by Sikander
You're excoriating statistics in favor of populist rhetoric? The rich may be getting richer, but they don't make their money from paychecks by and large, they make it from dividend checks. So an increase in wages of 4% certainly does benefit more non-wealthy than wealthy citizens.
You're excoriating statistics in favor of populist rhetoric? The rich may be getting richer, but they don't make their money from paychecks by and large, they make it from dividend checks. So an increase in wages of 4% certainly does benefit more non-wealthy than wealthy citizens.
Much of this percentage you keep talking about is coming from a few people getting HUGE raises while, as has been proven in thread after thread after thread, a very large percentage of people have seen average hourly earning go down. They've made up for that slow decline by working more hours or getting second jobs. For an autoworker who loses $40 per hour job it takes a lot of hours making $12 to make up the difference even if he has two jobs.
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