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In reply to the discussion: 'We were shocked': RAND study uncovers massive income shift to the top 1% [View all]Grins
(7,111 posts)49. Link: "the blame lies..."
"...the blame lies...allowing the minimum wage to deteriorate, overtime coverage to dwindle, ...effectiveness of labor law to decline, undermining union power ...shareholders over ..workers, ... University of Chicago economist Milton Friedman." (I hate Friedman.)
All true, but there is more. This clip was sent to me in 2007 from a friend. I was busy, saw it was an hour long clip, decided that was too much time, so I would watch the first 10-minutes and then move on to other things.
After 10-minutes it was so damn good I gave it another 10-minutes. Then another. And another. Watched the whole damn thing! Absolutely fascinating.
At the time I did not know of the speaker, but I never forgot her after this clip.
All true, but there is more. This clip was sent to me in 2007 from a friend. I was busy, saw it was an hour long clip, decided that was too much time, so I would watch the first 10-minutes and then move on to other things.
After 10-minutes it was so damn good I gave it another 10-minutes. Then another. And another. Watched the whole damn thing! Absolutely fascinating.
At the time I did not know of the speaker, but I never forgot her after this clip.
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'We were shocked': RAND study uncovers massive income shift to the top 1% [View all]
Sherman A1
Sep 2020
OP
RAND has been used and abused for decades. Sometimes they are right about something.
erronis
Sep 2020
#29
Exactly. It was also at the cost of stiffing small shareholders on what should have been dividends.
Warpy
Sep 2020
#39
We need to start taxing wealth, high incomes, stock sales while eliminating many cuts and loopholes
LonePirate
Sep 2020
#7
Yep! "Trickle down economics" is doing exactly what it is designed to do...
Wounded Bear
Sep 2020
#15
Seriously? Shocked? We've been living it. Middle class on life support and we're on the edge.
Evolve Dammit
Sep 2020
#26
Today's Minimum Wage Would Be $24 if worker pay had kept pace with productivity gains since 1968
iluvtennis
Sep 2020
#27
Only someone truly clueless or asleep for the last four decades could be shocked
pecosbob
Sep 2020
#31
When I first graduated from college in 1984, my supervisor said that incomes double every 15 years.
aggiesal
Sep 2020
#40
Dear Tea Partiers, Trumpers, all Republicans: Your wealth has officially been redistributed.
Beartracks
Sep 2020
#45