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Re: [OT] Yemen (wasRe: King Donald)




On 2/6/2017, 10:13:23 AM, Wolf K. <wolfmac@xxxxxxxxxxxx> wrote:
> On 2017-02-06 09:08, Disaster Master wrote:
>> On 2/4/2017, 9:38:53 PM, Sailfish
>> <NIXCAPSsailfish@xxxxxxxxxxxxxxxxxxxxxxxx> wrote:
>>> My bloviated meandering follows what Wolf K. graced us with on 2/4/2017
>>> 5:01 PM:
>>>> On 2017-02-04 18:23, Sailfish wrote:
>>>> [...]
>>>>> Most Americans understand what it takes to become rich and do not desire
>>>>> that path. They do expect that working hard comes with its own rewards.
>>>>> Yes, that includes a decent salary and a weekend off. Is that such a
>>>>> greedy thing to aspire to?
>>>> [...]
>>>>
>>>> No, it's not greed (which is the sin of feeling entitled to more than
>>>> your fair share). It's what it should be. People want to do a good job:
>>>> the respect of one's peers is very important. A decent salary? Yes,
>>>> enough to pay for one's leisure. But the anti-union sentiment in the US
>>>> (and Canada) has made it difficult to get that. I worked for a non-union
>>>> company in Alberta years ago. We got a raise whenever the union workers
>>>> at Texaco down the down got a raise. Later, I worked at another
>>>> non-union plant. Same thing. In fact, I earned more (at 17) that year
>>>> than my dad did as a catheter at maximum salary. I never told him,
>>>> though. As union power has diminished, so has real income for the bottom
>>>> 60%. A good deal of that damage was self-inflicted by voters who
>>>> supported "right to work" laws.
>> Correlation does not imply causation.
>>
>> Real income has continually gone down mainly due to the great hidden tax
>> - inflation - which has been rampant ever since we went off the silver
>> standard in ... 1965 I think.
> Real average wages peaked in 1974:
>
> https://en.wikipedia.org/wiki/Real_wages#/media/File:US_Real_Wages_1964-2004.gif

Which was just 3 years after we were taken off of the international gold
standard (until then, foreign nations could still convert their FRNs
into gold dollars, which Citizens had been unable to do since FDR stole
all fo our gold in 1933.

> Which was also the last year that productivity gains and wage increases 
> rose in tandem:
>
> https://en.wikipedia.org/wiki/Real_wages#/media/File:US_productivity_and_real_wages.jpg
>
> So who's received the increased income from increased productivity?

The Banksters, who else?
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