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06-25-2012, 08:11 AM - 1 Like   #1
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Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low Read mor

Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low - Business Insider

In short, our current system and philosophy is creating a country of a few million overlords and 300+ million serfs.

That's not what has made America a great country. It's also not what most people think America is supposed to be about.

So we might want to rethink that.

Meanwhile, if you want to know more about what's wrong with the economy, flip through these charts:

Read more: Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low - Business Insider
Okay, Folks, Let's Put Aside Politics And Look At The Facts... [CHARTS] - Business Insider






06-25-2012, 09:03 AM   #2
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I don't see good times ahead. It is pretty scary.
06-25-2012, 09:13 AM   #3
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QuoteOriginally posted by Nesster Quote
I don't see good times ahead. It is pretty scary.
My turn to bum you out on a Mon. morning....
Hey, revolutions are what formed this country.. Sometimes you just need to "reboot" things...

Maybe you can find something "cheery' in here:
http://www.bis.org/publ/arpdf/ar2012e.htm

Last edited by jeffkrol; 06-25-2012 at 09:18 AM.
06-25-2012, 09:33 AM   #4
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Makes one wonder if it is the objective in america to have about half of the population on some form of social program.


And an item to ponder... Somehow people in public housing never quite seem to have enough money to get a real residence, but... Then they have a television that takes up an entire wall, a closet full of clothes and shoes - especially volumes of $100++ athetic shoes, and are always on their mobile phones.

06-25-2012, 09:53 AM - 1 Like   #5
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QuoteOriginally posted by Medium FormatPro Quote
And an item to ponder... Somehow people in public housing never quite seem to have enough money to get a real residence, but... Then they have a television that takes up an entire wall, a closet full of clothes and shoes - especially volumes of $100++ athetic shoes, and are always on their mobile phones.
While that does indicate something, probably lending that's way too free... that's really a red herring, a diversion to get people to take their eyes off what's happening to them.

Good, hard working, no-handouts, do the right thing American workers are getting shafted. That's me, and I presume that's you. That's our kids, our cousins, our nieces and nephews.
06-25-2012, 12:40 PM   #6
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QuoteOriginally posted by Nesster Quote
While that does indicate something, probably lending that's way too free... that's really a red herring, a diversion to get people to take their eyes off what's happening to them.

Good, hard working, no-handouts, do the right thing American workers are getting shafted. That's me, and I presume that's you. That's our kids, our cousins, our nieces and nephews.
as our ole twice elected gov. said.. Divide and Conquer.....
John Nichols: Scott Walker's Divide-and-Conquer Strategy | The Nation

Pretty good for a college drop out eh..........
06-25-2012, 03:08 PM   #7
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Medium FormatPro - Your first sentence does indeed ask a fascinating question re "pushing" people into various Govt "assistance" programs.

Clearly, I'm "looking from the outside" at the unfortunate events where you are - from Australia, a country which does have a lot of Govt "assistance" programs, like most other OECD countries do. We had a bit of a shock last month, when Unemployment leapt from 4.9% to 5.1% - going into Winter when the seasonal work, agriculture, usually puts the figures down a little, but not that much.

We have also had manufacturing jobs 'exported' and some factories have closed, as production was moved to lower labour cost countries. But, in ratio (310-million to 22-million population ratio) - nothing like the 62,000 factory closures and exporting of 18-million jobs, as the Corporations somehow got away with doing to the US. As something that has had a dreadful social and economic impact, there - it can't be blamed on "the Govt" - or the factorys' employees. American products, particularly electronics, instruments, machine tools, precision machinery, etc - were for decades "the standard" in both materials and build quality - in particular, the 1950s to early 1990s. I'm 64, now on disability - but my youth and working lifetime spanned those decades.

During that time, to us here, "the Yank philosophy" was always gritty self-reliance, independence, do-it-yourself, and if one worked hard, one could better oneself, and support a family very adequately....

In the last 10-12 years, that seems to have taken a huge hit there in the US. That philosophy can only work - and did, very well - when sufficient adequately-paid - not "minimum-wage" - jobs were available. The Corporations there "moved" most of those adequate to well paid jobs "elsewhere" - and where replacement jobs exist, they tend to be at or just above the very low minimum-wage there - which according to Google, is still under $8.00 an hour (Australia, $15.50, USD/AUD approx at parity.)

That not only makes it difficult to start and raise a family - but, as so many who do have jobs have that sort - not a lot of income-tax is being paid, and not much is being bought - goods or services. In turn - Govts at Federal or State level, which would like to provide more benefits, particularly unemployment, can't afford to do so - and with wages so low and so little (by comparison with earlier times) - being bought, both remaining manufacturing employers and importers are selling less goods and services, so are generating fewer employment vacancies... A sort of 3-way 'triple-whammy' when the crossovers are taken into consideration...

It does seem that the above - worsened vastly by the "Corporate financial disasters" - can all be laid at the doors - or "bottom lines" - of the Trans-National 'mega' Corporations of all flavours... They have done the working-class and middle-class in that country no favours at all - and neither have the "Govt Depts" which should have been keeping the Corporations under control. (Not a political comment - that's "structural management" - whoever has been elected to office at any time.)

The US decided not to have universal-healthcare, back in the 1950s - preferring the self-reliance medical insurance method - which did indeed, from the 1950s to late 1980s, work very well - "the envy of the World" in medical standards. But that is only so when all can afford to obtain the standard level of insurance. Nowadays, with the disappearance of the high to medium pay wages jobs, that has become more difficult. Another "hit" is that some US employers are expected to pay employees' "health insurance" - so avoid employing anyone, if they can.

What the International / Multi-National Corporations have done to the US in the last say, 12-15 years - has been to create a society where 48% of the population (CIA-Yearbook) - is classified as "Low-Income" or "Poverty" levels. At those levels, little above basics of rent, food and transport are available - certainly not US$8,000.00 a year for std medical insurance for a family of 4.

That gets back to what you said - about half of the population "on some sort of program".

I do most sincerely hope that conditions - particularly for the lower middle-class and working-class - there do improve considerably - but the US is such an utterly vast economy, that the improvements might tend to be more gradual than desired...

Regards, Dave.
06-26-2012, 02:56 PM   #8
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Meanwhile, the corporate money spends infinite amounts to make it about anything but this....

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