Missing The Boom

[MonkeyK]

Originally posted by: charrison

Originally posted by: MonkeyK
I am not an economist, however it seems to me that while wages could have increased, it would matter very much where they increase. This is particularly evident when set against the, not contradictory, statement of job losses.

If two people who made 40K/year lose their jobs and one person who makes 1,000,000/year gets a 110K raise, things have not improved.

If the number of people who cannot afford a decent life is increaseing, even if the number of people who continue to afford a better life is not increasing, then it seems to me that the economy is not doing well.

There of course is no evidence to support the example you cite.

All that I gave was an example that increased wages is not an indicator of an improved economy if they rich are getting richer faster than the poor are getting poorer.

Yes, I contrived an example to show my reasoning.

 

[theeedude]

Yawn, another biased Wall Street pro GOP piece. It's all the "mainstream media's" fault, of course, no surprise here.
Why do they even bother writing this tripe? The people who read these wall street rags are likely to be Republicans already.