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Post-Recession Wage Gap is WIDENING, Study Shows

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SoulPlaya

more money than God
http://www.chicagotribune.com/business/breaking/chi-jobs-wages-inequality-mayors-20140811-story.html

While we've regained the 8.7 million jobs that were lost in the recession, these jobs are paying less. Way less. 23% less. The average income of those 8.7 million jobs before the recession was $61, 637, while the average of these new jobs is $47, 171. In comparison to previous recessions, average income fell 12% for the 2000-2003 recession. Now, while income will hopefully pick up from here, will it be enough to make up that 23%, and then some, in order to get real income growth? And will it happen before the next downturn?

Also, the study showed that the rich got richer. No surprise there.
 
pantsmith said:
Clearly someone isn't working hard enough. If you want higher wages just work harder
lol
Click to expand...
Dem bootstraps. Just work harder...!

I hate how the previous generation makes it sound so easy and that it's within everyone's grasp, "well, when I was your age blah blah blah"
 
I blame the plealther industry. Sure, they look more and more realistic but pleather bootstraps aren't nearly as strong as the genuine article. You need real leather bootstraps to pull instead of this terrible imitation.
 
I never thought of the "next downturn."

It's just going to get worse and worse until bad shit happens or there is progress made to aid this economic illness in government.
 
  • Widening wage gap.
  • Elderly people hanging onto their jobs longer because they didn't save enough or soon enough.
  • Younger people are unable to move up due to many positions held by people who cannot retire thus suppressing their wages and contributing to the wage gap.
  • The younger people have massive debt. Ties up quite a bit of money and prevents it from entering the local economy. Thus also contributing to the wage gap.

It's as if this is just one giant plan coming together!
 
Seriously though, how long can this go on? How wide can the wage gap get before people finally have enough and do something about it? There has to be a breaking point, right?
 
Wreck-It Ralph said:
Seriously though, how long can this go on? How wide can the wage gap get before people finally have enough and do something about it? There has to be a breaking point, right?
Click to expand...

Eventually we'll have to rebel

1613480_orig.jpg


Join the libertarian movement today and get this ball rolling!
 
Can't really expect everyone to start busting out big time wages after a massive recession. A lot of those jobs were cut from the top. Most companies these days want soldiers, not generals.
 
Wreck-It Ralph said:
Seriously though, how long can this go on? How wide can the wage gap get before people finally have enough and do something about it? There has to be a breaking point, right?
Click to expand...

A long, long time. A great deal of the country still believes that giving tax breaks to "job creators" is our way out of our problematic economic situation, and the greatest threat to our prosperity is not bankers cheating people out of millions or billions but people getting a couple hundred dollars for food every couple weeks.

Even if that wasn't a hugely popular opinion, interests on the side of propagating this state of affairs are entrenched thanks to redistricting, more onerous voting laws, and the ability of people/corporations to now hugely influence politics monetarily in ways that they couldn't before.

It's going to be awhile before anything changes, if ever. It's going to have to get much, much worse before minds are changed.
 
Well the good news is that half of millennials identify as Libertarians so we'll be out of this slump in no time. Whoever stays poor is obviously not working hard enough. That CEO promotion is just around the corner.
 
For the people who are unhappy about this:

- When was the last time you contacted your House representative/Senator to express your discontent?
- When did you last support the campaign for someone who stood for worker rights and benefits? (Monetarily or otherwise)
- When was the last time you paid attention to what bills are getting through Congress and the White House?
 
PsychoSoldier said:
A long, long time. A great deal of the country still believes that giving tax breaks to "job creators" is our way out of our problematic economic situation, and the greatest threat to our prosperity is not bankers cheating people out of millions or billions but people getting a couple hundred dollars for food every couple weeks.
Click to expand...

It's infected Europe too. We just got a government that believes we should decrease the wage costs (arguably not that daft) but only for employers, as "research has shown people will save 50 cents for every euro they get extra". Meanwhile it's cost cutting across the board everywhere. It's like they want people to live from paycheck to paycheck.
 
AstroNut325 said:
For the people who are unhappy about this:

- When was the last time you contacted your House representative/Senator to express your discontent?
- When did you last support the campaign for someone who stood for worker rights and benefits? (Monetarily or otherwise)
- When was the last time you paid attention to what bills are getting through Congress and the White House?
Click to expand...
When was the last time we didn't have a broken political system?
 
I gotta say, I'm super glad that we didn't punish those that caused the crisis. In fact we just threw money at them to make it better. Meanwhile the dying middle and lower classes, that could actually use a bailout, get nothing.

By the way, those banks are still too big to fail. Nothing changed except they got richer and we got poorer. That was the result or great leaders decided was best for us.

http://www.washingtonpost.com/opini...10a0f2-1f28-11e4-82f9-2cd6fa8da5c4_story.html


AstroNut325 said:
For the people who are unhappy about this:

- When was the last time you contacted your House representative/Senator to express your discontent?
- When did you last support the campaign for someone who stood for worker rights and benefits? (Monetarily or otherwise)
- When was the last time you paid attention to what bills are getting through Congress and the White House?
Click to expand...

I've contacted them but they never listen. and why should they? I'm just one view and I'm too poor to contribute meaningfully to a campaign.

I noticed anything funding Israel got through pretty quick, though.
 
AstroNut325 said:
For the people who are unhappy about this:

- When was the last time you contacted your House representative/Senator to express your discontent?
- When did you last support the campaign for someone who stood for worker rights and benefits? (Monetarily or otherwise)
- When was the last time you paid attention to what bills are getting through Congress and the White House?
Click to expand...

Well now problem solved everyone!
 
Remember when we used to think teachers were grossly under-paid? They may be underpaid but those $45K-$55K/yr teaching jobs sound pretty desirable now.
 
Can't like, 1 person in the top of the 1% losing their position as a CEO totally fuck up these stats with how much they make?
 
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