On Sun, 10 Jan 2010 16:33:01 -0500, bpuharic wrote:

On Sun, 10 Jan 2010 14:53:28 -0600, wrote:

On Sun, 10 Jan 2010 15:49:42 -0500, bpuharic wrote:
?

because you can look it up yourself. it's standard economic knowledge

I beg forgiveness, oh Royal Cop Out.

and here's more information you backwards, inbred intellectually dead
limbaugh listener. you have no idea what's going one in the real
world. you prefer your fairy tailes.

http://www.voxeu.org/index.php?q=node/264

It therefore is problematic that recent productivity gains have not
significantly raised incomes for most American workers. In the quarter
century between 1980 and 2005, business productivity increased by 71%.
Over the same quarter century, median weekly earnings of full-time
workers rose from $613 to $705, a gain of only 14% (figures in 2005
dollars), as our recent research shows.

" * Helped by the strong overall creation of wealth in the US, the
absolute amount of net worth for each wealth bracket has increased
over time, even if the relative share of wealth continues to be
distributed very unevenly in favor of the rich.
* About 1/3 of US household had a net worth of less than $50,000
(red plus orange bars in Graph) as of year-end 2005. About 18% had a
net worth of less than $5,000 (red bars in the graph).
* From 1965 to 2005 the portion of US households having a net
worth in excess of $100,000 grew from 30% to nearly 50%.
* The portion of US Households reaching the “Million Dollar Club”
grew from a mere 1% in 1965 to an estimated 9% as of year-end 2005.
* Similarly, the portion of households with a net worth in excess
of $250,000 grew from 6% to about 33% during the 40-year period from
1965 to 2005.
* Considering that the US population grew by over 100 million
(from 194 million to 296 million) during the period 1965 to 2005, the
number of family members living in a household with a net worth of
more than $250,000 increased nearly 10-fold from about 11.6 million in
1965 to nearly 100 million today.

Lessons

* While it may be true that the rich get richer, this graph shows
that the poor are getting richer too. The downwards sloping dividers
between wealth brackets demonstrate that the “trickle-down effect”
does work in the long run and that the United States gets richer as a
whole, not just as a few wealth individuals."

http://solutions.powersimsolutions.c...rspective.aspx

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