Today's Financial Commentary: The "Poor" Rich People

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This video is a response to Chris Crocker breaks his silence.
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  • rich and evil are synonyms(wanting more then you need); for too long rich lied to themselves and others that it had something to do with hard work or inteligence, individual responsibility and this version of globalism have nothing in common with each other, if there werent 1001 ways to commit treason in this society, people would be alot more willing to comprimise, until then bribery is what makes the wheels spin

    mexxxking 2 years ago

  • Bottom wager earners received a 6% increase over that period. Middle wage earners received a 10% increase. Upper wage earners received a 33% increase. So everyone is better off but if you have skills you have more of an improvement.---State of Working America ILR press, an imprint of Cornell University Press.---Numbers go unfavorable for a few years and everybody flips out like it is going to happen for ever.

    goose1077 3 years ago

  • "what's wrong with being a doctor, mathematician, or engineer?" copied and pasted from above. U.S. Manufacturing output in 2007 was at an all time high. 2008 numbers are not in yet. Productivity is the biggest competitor to manufacturing jobs. Real wages didn't decline over 30 years. It's drops some during some cycles, including this one. We talk about this all the time on a business week economy blog. Wages in 2005 were higher than in 1973.

    goose1077 3 years ago

  • Without Murdoch's helped. I looked at the Census bureau. and you?

    therealcaptobvious 3 years ago

  • We're talking about REAL wages. Not nominal.

    And the production jobs are leaving the U.S. Manufacturing has been at it's lowest in 28 years. BTW, you only gave me one example of a service job.

    therealcaptobvious 3 years ago

  • I gave 3 completely unrelated examples of service jobs that are not even close to the 8 bucks an hour jobs people think of when you say service job. There are thousands of them. Factory jobs have been leaving for decades and during those decades wages rose. It's during the last economic cycle that we saw a switch. I don't see this as a permanent trend. It's also worth pointing out that in 2007 we had our greatest manufacturing output ever. We just did it with fewer workers.

    goose1077 3 years ago

  • Financial whores funding a sex whore covered by media whores. Priceless.

    jinjin16 3 years ago 2

  • you still lost your point. How many people can become doctors? Truth be told, wages have gone down since factory work has left the country. It's your reality along with everyone else's. You might want to stop pulling anything to disprove it and see it for what it is.

    therealcaptobvious 3 years ago

  • The point is, you implied service jobs are not good jobs. I was just pointing out that that often isn't true.

    goose1077 3 years ago

  • What does that have to do with taxes?

    They're not claiming entitlement to million dollar bonuses, stock options and so forth, then asking Congress for a bailout after they screwed people over and bankrupted their companies. Incompetant CEO's do that. And too many run America's businesses. or "lifelines"...

    I brought up the doctors because they're one collective group of people that might be worth their salaries.

    therealcaptobvious 3 years ago

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