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Old 10-10-2011, 02:49 AM   #16 (permalink)
gibbous
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Quote:
Originally Posted by HoboMaster View Post
It is why over the past 20 years the top 5% make something like [400] times the salary of someone in the middle-class.
By an inflation-adjusted dollar, the average CEO makes four times what they did in the 70's for doing the same job. Are they really four times more valuable? Meanwhile, middle class wages have been growing at a rate that is far less than the rates of increase in costs of housing, energy, education, health care, etc, etc, etc... That just makes more private debt, less demand, and fewer jobs as a result. Add in the globalization of the economy and outsourcing of everything that can be done cheaper elsewhere as you mentioned, and it seems were are truly screwed unless our government can change in a big way...
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