Wealth Inequality in America




Well yes, correlation is not causation. But we can always look for independently converging correlations to try and deduce something beyond the opinion-slinging and ad hominems that unfortunately tend to dominate discussions like these.
 
I'm going to wager intelligence and common sense hold wealth (plus some lucky, true hardworking), and the uneducated and lazy hold none (and some unlucky, true hardworking).

I could wager that there is a lot of truth to that. But last I checked the biggest predictor was success was parental success, and it's more so in the US than in most other industrialized western countries.

economic%20mobility%20us%20europe.JPG
 
its not really a question of IF, they're a decade old.

yeah, i'll get right on the task of updating your weakass graphs. working on that now.

Of course, why offer contradicting data when you can rest on snarky and condescending responses? And to correct your math, the "oldest" of those charts was the one ending with 2004 data, which means it would have been compiled in 2005 (more likely 2006) at the very latest. In other words,they are not a decade old.

Here is an updated chart of the union membership and middle class share of income.
original.jpg


In case you didn't bother to look at any of the other posts, I did post a more recent chart of the growing income disparity.

inequality-p25_averagehouseholdincom.png


Here is a far more recent graph of the top marginal tax rates.
Marginal%2Btop%2Btaxes%2Brates%2Bevolution.JPG
 

Thanks for posting this, really. I do believe that posting data is far more intellectually honest because it makes our POV's more susceptible to science-like falsifiability as opposed to us simply throwing ad hoc reasoning back and forth.

You'll note however that unionization began increasing in the early 40's. Productivity has been increasing all along; both with the rise AND decline of unions. What's more is you'll note that your graph actually shows a downturn in the rate of productivity growth in the 80's, and this actually tracks along with a greater decrease in unionization.

canada-2012-08-fig1.jpg


450px-Productivity_and_Real_Median_Family_Income_Growth_1947-2009.png
 
Unions are a problem - they give too much leverage to the worker in non-monopoly tending industries
No unions is a problem - it gives too much leverage to the employers.

Wealth inequality is natural. Too great of an inequality is harmful.

However, I don't see what the solution is. Do you? To me it seems power has inherent issues that cannot be changed until humans change our ways.
 
Lets take advice from someone who tries to make a good first impression with a picture of a gigantically stupid space gorilla.

SEO Monkey = SEO Gorilla = SEO Guerrilla?

th_SurprisedGorilla.jpg





What's up with the boy on the left? Future union boss?



Unions are a problem - they give too much leverage to the worker in non-monopoly tending industries
No unions is a problem - it gives too much leverage to the employers.

Wealth inequality is natural. Too great of an inequality is harmful.

However, I don't see what the solution is. Do you? To me it seems power has inherent issues that cannot be changed until humans change our ways.

Didn't you get the memo? Internet rule number 4,080 states that topics such as this may only be discussed in terms of black or white.
 
SEO Monkey = SEO Gorilla = SEO Guerrilla?

th_SurprisedGorilla.jpg


What's up with the boy on the left? Future union boss?

Didn't you get the memo? Internet rule number 4,080 states that topics such as this may only be discussed in terms of black or white.

It's actually an Oozaru, which is tailless, which would rule it out of the ape class altogether. Not that is matters since it's obviously a fake animal.

The odd grin from that kid on the left; you don't recognize Jimmy Hoffa :drinkup:
 
Unions are a problem - they give too much leverage to the worker in non-monopoly tending industries
No unions is a problem - it gives too much leverage to the employers.

Wealth inequality is natural. Too great of an inequality is harmful.

However, I don't see what the solution is. Do you? To me it seems power has inherent issues that cannot be changed until humans change our ways.

Pretty much my sentiments minus the dim view on unions. Sure, there are problems with them and they do often give the employees TOO much leverage, but I personally think it's a bit exaggerated. The local unions here do have merit-based advancements whereby the workers are pushed into adopting skills that will soon be needed (like the local gas company having its workers learn how to work the smart meters).

Imagine if all of these blue collar workers were given the leeway (and pushed) to learn how to write and edit the software for the automation their jobs are being replaced with, rather than being tossed aside after decades of hard work and having their situations bundled (mostly in the younger generation who grew up around computers) into the whole "entitlement mentality" narrative.

Nevertheless, I do think we are too far along the scale of inequality and more unionization is needed. Maybe the far less disparate society of the 50's and 60's was TOO far along the 'egalitarian' end of the scale (I don't think it was but I realize that's just my opinion), but the current disparity in unsustainable and will only lead to another credit-drive bust that will take the economy down again.
 
Of course, but people can call each other "fags" and "idiot" on here so long as they share your affinity for Ayn Rand?

No, its just when your economic illiteracy is so blindly obvious its pot kettle black

But I'm pretty sure you're trolling so here is a picture of a cat.

happycat.jpg
 
No, its just when your economic illiteracy is so blindly obvious its pot kettle black

The study of economics is full of data that never makes its way into the Randian bubble, a bubble that is chock full of false answers.
 
Excess currency creation and artificial interest rates will tell you all the answers. Im pretty surprised this hasnt been brought up. Combine that with more and more social programs and the middle class gets squeezed to go up or down, and down is the path of least resistance.

Think about this, the economy is flush with cheap money right now and it ends up somewhere.

Someone buys a house, wheres the money end up?
Someone buys a car, wheres the money end up?
Someone is forced to buy health insurance, where does it go?
Someone puts money in this over inflated stock market, who really benefits?
etc, etc

All this fake, (almost) free money is funneling up, its pretty clear.
 
Of course, why offer contradicting data when you can rest on snarky and condescending responses? And to correct your math, the "oldest" of those charts was the one ending with 2004 data, which means it would have been compiled in 2005 (more likely 2006) at the very latest. In other words,they are not a decade old.

Here is an updated chart of the union membership and middle class share of income.
original.jpg


In case you didn't bother to look at any of the other posts, I did post a more recent chart of the growing income disparity.

inequality-p25_averagehouseholdincom.png


Here is a far more recent graph of the top marginal tax rates.
Marginal%2Btop%2Btaxes%2Brates%2Bevolution.JPG

did you in all seriousness attempt to refute my post (about outdated graphs) with 2 of 3 graphs ending in 2007 & 2010?

really?
 
People are too concerned about wealth inequality. They should be more concerned about knowledge inequality. That's how wealth is built.
 
People are too concerned about wealth inequality. They should be more concerned about knowledge inequality. That's how wealth is built.

knowledge? dude, the kardashians are on, i'm busy.

let me know when you're done with that whole knowledge thing and i'll stage a knowledge inequality protest.