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Originally Posted by The12thMan";p="
The average poor person in the 1960s was way worse off than the average poor person of today. My middle class life then would be considered nearly destitute today.
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When I graduated from college in the 1960s, the average CEO made 20 times what the average worker made. Today, that CEO makes 400 times as much.
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I call BS. Can anyone provide proof of his statement?
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The politics of the Karl Rove era were designed to distract and divide the very people who would ordinarily be rebelling against the deterioration of their way of life.
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Karl Rove era? LOL! He reads too many blogs if you ask me. Anybody care to explain "the deterioration of their way of life"? |
Here's one study from several years ago. Data is derived from Business week surveys and Labor Dept. statistics. While CEO pay has skyrocketed, average worker pay has risen more slowly relative to inflation.
http://www.faireconomy.org/press/arc...ade/DivDec.pdf
By "deterioration of their way of life", I think he's referring to the fact that real median incomes have been stagnant, savings rates are much lower, homes are less affordable, education costs are higher due in part to the slashing of federal aid, and the poor and middle class have been squeezed, while the wealthy have never had it better.