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(Guardian) Asinine Median income continues to plummet in real terms. Eeeeeexcellent   (guardian.co.uk) divider line 22
More: Asinine, median incomes  
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4422 clicks; posted to Main » on 01 Dec 2011 at 3:53 PM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



22 Comments   (+0 »)
   
 
2011-12-01 03:54:54 PM
Well as long as prices keep going up then we will be good.
 
2011-12-01 03:55:17 PM
You'd hate for it to turn 90° and plummet in imaginary terms.
 
2011-12-01 03:56:11 PM
The Beatings Will Continue Until Morale Improves: You'd hate for it to turn 90° and plummet in imaginary terms.

If I start dreaming I can't afford anything, I'm out. Game over man.
 
2011-12-01 03:56:25 PM
You make it all up in volume.

And ball bearings.
 
2011-12-01 03:59:29 PM
Families with children will be worse off in 2016 than 14 years earlier, analysis of George Osborne's autumn statement finds

See, Britian? Children of Men is a brighter future.
 
2011-12-01 03:59:59 PM
Maybe they should try a drum circle.
 
2011-12-01 04:27:44 PM
Article says "families with children will be worse off in 2016 than 14 years earlier
". Really? How much did an Android phone cost in in 2002?
 
2011-12-01 04:28:25 PM
images116.fotki.com
 
2011-12-01 04:35:23 PM
piperTom: Article says "families with children will be worse off in 2016 than 14 years earlier
". Really? How much did an Android phone cost in in 2002?


We have technology now that we didn't have 14 years ago, therefore wage stagnation is irrelevant? I'm not sure I follow your "logic".
 
2011-12-01 04:42:37 PM
piperTom: Article says "families with children will be worse off in 2016 than 14 years earlier
". Really? How much did an Android phone cost in in 2002?


Don't worry folks, it may be harder to pay your bills, but some nifty electronic gadgets will be cheap enough for even you to own!
 
2011-12-01 04:52:20 PM
I haven't had a cost of living adjustment to my VA disability pay in years, my insurance goes up every year but not the coverage.

Congress can vote themselves a pay raise whenever they feel like it, and CEOs who drive their companies into the ground forcing hundreds or thousands out of work get tens of millions in golden parachutes.

Who's the 99% again?

problem?.jpg
 
2011-12-01 04:53:10 PM
MOAR BOOTSTRAPS!
 
2011-12-01 04:54:59 PM
In the year 2525,
if Mankind is still alive
You will be able to use your built-in cybernetic space phone
To call somebody who cares about your "poor people" troubles.

And you'll need it, because they'll be in a galaxy, far, far away.

In the mean time, it's high time the 1% started to remember that deflation is far, far worse than inflation, and that the main cause of deflation is falling income for the 99% who drive the consumer economy, the tax base, and the profitability and productivity of the economy.
 
2011-12-01 05:31:53 PM
Gleeman: I haven't had a cost of living adjustment to my VA disability pay in years, my insurance goes up every year but not the coverage.

Congress can vote themselves a pay raise whenever they feel like it, and CEOs who drive their companies into the ground forcing hundreds or thousands out of work get tens of millions in golden parachutes.

Who's the 99% again?

problem?.jpg


Get a job.

Politicians are in the 1% for the most part. There are a few bad CEOs sure, but without CEOs you would not have successful companies who employ Americans with good jobs. If you want Larry the Crackhead from the mail room to run Apple or Microsoft, then by all means limit CEO incentives.

You are just pissed at people who work harder than you and make more money than you.
 
2011-12-01 06:21:53 PM
Don't worry about these figures (and all the other ones suggesting how the middle and lower income earners are failing to get their share of economic growth and are, if anything, losing their share), just watch all the stories on how dirty the occupy ... protesters left their campsites when the police removed them.
 
2011-12-01 06:37:40 PM
Thunderpipes: Gleeman: I haven't had a cost of living adjustment to my VA disability pay in years, my insurance goes up every year but not the coverage.

Congress can vote themselves a pay raise whenever they feel like it, and CEOs who drive their companies into the ground forcing hundreds or thousands out of work get tens of millions in golden parachutes.

Who's the 99% again?

problem?.jpg

Get a job.

Politicians are in the 1% for the most part. There are a few bad CEOs sure, but without CEOs you would not have successful companies who employ Americans with good jobs. If you want Larry the Crackhead from the mail room to run Apple or Microsoft, then by all means limit CEO incentives.

You are just pissed at people who work harder than you and make more money than you.


1. this is median incomes we're talking about. They're not the unemployed.

2. CEOs in other countries get paid much less than American ones for running equivalently profitable and sized companies. Why don't we outsource our CEO positions to Germany? We can get the same performance for at least half the price to shareholders.

3. Son, this veteran you've just dissed had a job and, from the sounds of it, it disabled him. And it wasn't just a job, it was a service. One that you would do very well to respect. And people who are disabled in the line of this service deserve to be treated better.
 
2011-12-01 06:51:05 PM
This is a very interesting paper on this topic:

How High Is US CEO Pay? A Comparison with UK CEO Pay (pops) Basically, the key characteristic of American CEOs is not their performance, but their ability to demand high remuneration (rent extraction) while doing an equivalent job to their counterparts in other countries and other cultures.

Unfortunately, this is complimented by a key characteristic of the American middle and lower classes: their inability to organise themselves to defend their own wealth and income, and to trust/hope that the 'Great Men'/rain makers will look after them.

Good luck with that.
 
2011-12-01 06:57:35 PM
Thunderpipes: Gleeman: I haven't had a cost of living adjustment to my VA disability pay in years, my insurance goes up every year but not the coverage.

Congress can vote themselves a pay raise whenever they feel like it, and CEOs who drive their companies into the ground forcing hundreds or thousands out of work get tens of millions in golden parachutes.

Who's the 99% again?

problem?.jpg

Get a job.

Politicians are in the 1% for the most part. There are a few bad CEOs sure, but without CEOs you would not have successful companies who employ Americans with good jobs. If you want Larry the Crackhead from the mail room to run Apple or Microsoft, then by all means limit CEO incentives.

You are just pissed at people who work harder than you and make more money than you.


Pro tip: Disabled vets get their disability pay for life, work or not work. And we earned it, unlike people who owe their position to polishing the boss' knob.

BTW, Steve Jobs got paid $1 year in salary, his billionaire income was from Apple stock options which are tied into how well his company performed. Bad example.

i.imgur.com
 
2011-12-01 06:59:15 PM
ansius: 3. Son, this veteran you've just dissed had a job and, from the sounds of it, it disabled him. And it wasn't just a job, it was a service. One that you would do very well to respect. And people who are disabled in the line of this service deserve to be treated better.

Thanks, but for future info Thunderipes is a notorious troll. Or just stupid, I'm not really sure.
 
2011-12-01 08:00:10 PM
Gleeman: Thanks, but for future info Thunderipes is a notorious troll. Or just stupid, I'm not really sure.

Why can't it be both?
 
2011-12-02 07:53:43 AM
And the 1% are bothered by this how?

"Look, the poor people can`t buy anything"
"Oh, lets go out and buy it all then and sell it to them later for a profit when they can afford it"
"Capital plan old chap, let do it just like the last time"
"Houses again?"
"No, this time lets make it food and water as well, they always seem to want those"
 
2011-12-02 08:45:32 AM
ansius: Thunderpipes: Gleeman: I haven't had a cost of living adjustment to my VA disability pay in years, my insurance goes up every year but not the coverage.

Congress can vote themselves a pay raise whenever they feel like it, and CEOs who drive their companies into the ground forcing hundreds or thousands out of work get tens of millions in golden parachutes.

Who's the 99% again?

problem?.jpg

Get a job.

Politicians are in the 1% for the most part. There are a few bad CEOs sure, but without CEOs you would not have successful companies who employ Americans with good jobs. If you want Larry the Crackhead from the mail room to run Apple or Microsoft, then by all means limit CEO incentives.

You are just pissed at people who work harder than you and make more money than you.

1. this is median incomes we're talking about. They're not the unemployed.

2. CEOs in other countries get paid much less than American ones for running equivalently profitable and sized companies. Why don't we outsource our CEO positions to Germany? We can get the same performance for at least half the price to shareholders.

3. Son, this veteran you've just dissed had a job and, from the sounds of it, it disabled him. And it wasn't just a job, it was a service. One that you would do very well to respect. And people who are disabled in the line of this service deserve to be treated better.


I hear a lot of people talk about CEO pay and how it's increased drastically.....one thing I've always wondered but haven't been able to get an answer on is....has the ratio of workers to CEOs changed as well?

For example 10 companies each with 100 workers making 40k and one CEO making 400k isn't really any better or different than 2 companies each with 500 workers and one CEO making 2 million.

I'm just speculating but, I wonder if companies/corporations have gotten *larger* on average in a way that might account for some of the increase in pay? I'm not saying this is true, just that I genuinely wonder about it.
 
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