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by voicereasonish
4447 days ago
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Because some people want to pretend that a village idiot is as valuable as an Einstein to society. We are all drastically more wealthy than our parents and grandparents. We have it far better. But for socialists, this is not enough. They despise "inequality" and wealth. |
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Only if by 'we' to mean the top 20% of American society.
The median worker's wages have been essentially stagnant since 1970: http://www.nytimes.com/imagepages/2013/01/13/opinion/13green...
Moreover, inflation has been uneven: food (including in restaurants) and electronics have plummeted, but the costs of education and healthcare have skyrocketed, and housing has skyrocketed in areas with good job opportunities. It's easy to cut back on new electronics and restaurants, but a lot harder to cut back on housing and healthcare. Cutting back in education gets your stuck in a poverty trap.
So things don't necessarily look so bright for the median worker, especially after 6 years of persistently high unemployment.
I can't dig up a source for that part right now, but it's out there in the CPI statistics.