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Prosperity for All Americans

Is that so scary!!! To some YES!!!
 

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Economy and Inequality

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A product is only worth what someone is willing to pay for it.  If people cannot afford a product, that product will not be bought. 

As a former business owner, I have seen over time the change in our economy.  In the first years of the business, I produced items for people in all income classes; but over time (20 years), I produced products for only those people in the highest income levels.  People in the bottom income levels could not afford my services.  They just did not have the income to buy my services.  In time, will we only produce items for those people in the top levels, becoming serfs for the wealthy?  

The numbers game-both statements are statistically true

     1)     The AVERAGE income in the United States is $72,000 per year

      2)     However, 55% of the citizens of the United States have an annual income of less than $22,000 per year

      The reason is very simple, when you combined the income of Bill Gates, Warren Buffet and all of the other wealthy people WITH the income of a farm labour is will AVERAGE out to $72,000 per year

America's middle class: Poorer than you think

http://money.cnn.com/2014/06/11/news/economy/middle-class-wealth/index.html

 By Tami Luhby  @Luhby June 13, 2014: 11:11 AM ET 

TOTAL SHARES7K1K358392NEW YORK (CNNMoney)

Rich Americans. That's our global reputation.

The numbers seem to back it up. Americans' average wealth tops $301,000 per adult, enough to rank us fourth on the latest Credit Suisse Global Wealth report.

But that figure doesn't tell you how the middle class American is doing.

Americans' median wealth is a mere $44,900 per adult -- half have more, half have less. That's only good enough for 19th place, below Japan, Canada, Australia and much of Western Europe.  To read more, click here

 
 

 

 CEO Pay Soars as Worker Pay Stagnates

http://www.nationofchange.org/ceo-pay-soars-worker-pay-stagnates-1397662491

How’s your job going – if you even have one? The odds are very, very high that you haven’t seen a raise in a long time. Or maybe you were laid off and found a new job at half your old pay. They say this is the “new normal.”

Meanwhile, CEO pay just keeps climbing and climbing and climbing (and climbing and climbing and climbing and climbing and climbing and climbing). This inequality is destabilizing our economy.

Soaring CEO Pay

The AFL-CIO has released this year’s 2014 Executive PayWatch at www.PayWatch.org, a “comprehensive searchable online database tracking the excessive pay of CEOs of the nation’s largest companies.”  To read more, click here


 

 Robert Reich: Inequality for All (11/20/13)

 

 

 


 

Income Inequality Is Not a Myth

Derek Thompson

http://www.theatlantic.com/business/archive/2011/10/income-inequality-is-not-a-myth/247389/

A new study from the Congressional Budget Office tells us what we all (should) already know: income inequality is real and the causes are terrifyingly inextricableTo read more, click here

Comment: Both statements are true:

  • The Average wage for the U.S. worker is $65,000/year.   AND
  • 55% of all U.S. workers, work for less than $20,000/year.

 

Both statements are true, if you include Bill Gates, Warren Buffet and all of the other 1% in the AVERAGE wage.

The economic world is changing.  The big question is how much does a robot pay in taxes.  If the robot pays nothing, who is going to pay for governmental services, who is going to pay for road improvements, who is going to pay for our armies?  Who?  These are questions that we must answer as we move towards the future.

 

 

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As Americans, we can do better.  We need to strive for excellence and a better way of life for our children!!!!
 

 

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