View Single Post
Old 10-10-2011, 08:46 AM  
Robbie
Leaner, Meaner, Faster
 
Robbie's Avatar
 
Industry Role:
Join Date: Aug 2002
Location: Vegas
Posts: 20,959
SuckOnThis...does that chart take into consideration what people are making these days?

I'm not sure it's telling the whole story. At least what I've seen with my own two eyes in my lifetime, people were making a lot more money and had much nicer homes and possessions over the last few decades (especially the 1990's and most of the 2000's until the crash).

I guess what I'm trying to say is...if most people were doing better and making pretty good money through the 80's, 90's and 2000's...but rich people made even MORE than they used to as well....then the rich's money grew exponentially (look how the stock market grew for instance since 1980).
So that chart would look like everybody in the U.S. was dirt poor except for a few rich folks.

But that isn't what happened. The 80's, 90's, and 2000's (up until 2008) were huge money making decades for everybody that had a bit of intelligence and work ethic.

I have a feeling that a lot of the people protesting on Wall Street now are the same people who were enriched either directly or indirectly the previous 30 years (which is why they weren't protesting then)

Not saying that they don't have reasons to protest. Just saying that "yes" it makes sense that during 3 decades of economic growth like never before in history...it doesn't surprise me that the "rich" people who had the money to invest and make the economic wheels turn would profit exponentially over "middle class" people who were making $50,000 a year salaries and buying their new car and paying the mortgage with only modest investments.

EDIT: I notice that chart doesn't show the salaries on the left hand side. lol I'd like to see that listed in 2011 dollars
__________________
-Robbie
ClaudiaMarie.Com

Last edited by Robbie; 10-10-2011 at 08:48 AM..
Robbie is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote