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You should be earning $200K/yr today, if you aren't it's because of the 0.1%

By Dan8267   Follow   Tue, 19 Jun 2012, 9:32pm   515 views   3 comments
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http://www.theatlantic.com/business/archive/2011/10/income-inequality-is-not-a-myth/247389/

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1. HEY YOU Follow Befriend (4) 352 threads 965 comments

   1   9:17am Wed 20 Jun 2012   Share   Quote   Permalink   Like   Dislike   DAMN! I was doing great from 1949-Mid 70s

2. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

   2   9:52am Wed 20 Jun 2012   Share   Quote   Permalink   Like (3)   Dislike   Remember that, starting in the 1970s, we decided that it would be best to have BOTH parents working outside the home, rather than just one. But unfortunately, planet earth's natural resources didn't double at the same time. Now it takes both parents working to provide the same income that one parent provided pre-1970.

3. Dan8267 Follow Befriend (17) 785 threads 7,962 comments Boca Raton, FL Premium

   3   9:57am Wed 20 Jun 2012   Share   Quote   Permalink   Like (1)   Dislike   wthrfrk80 says Remember that, starting in the 1970s, we decided that it would be best to have BOTH parents working outside the home, rather than just one. True. The doubling of the workforce effectively halfed the bargaining power of the working class including white collar workers. This is part of the reason capital was able to get the upper hand over labor. However, I don't think it's the whole reason. Ironically, families were more financially stable when there was only one breadwinner. One might think that having two breadwinners increases stability, but in reality if either one loses his/her job than the family can be plunged into poverty. And it's harder to keep two people gainfully employed than one. Still, I think that the rise of modern lobbying with large corporations writing laws and handing them to Congress also plays a large role in this earnings divergence. I also think that outsourcing skilled labor to third world sweatshops has a big impact.