Monday, January 20, 2014

Wage Inequality A Tool for Class Warfare : Tax Dollars Establishing Voter Base

I wonder what the reason is for the young having problems moving up on the economic scale like most of us did just a few decades ago? Could it be that many of today's youth have no desire to be 'mobile', that they find living the simple life on welfare and food stamps good enough?

Millions are doing this very thing right now as there are no good paying low skilled jobs anyway, so why live in poverty when one can accept government assistance that will pay as much as low skilled jobs pay that are available, if not more, without having to take any responsibility for life it self. The government is paying these tens of millions to sit back and ride the wave of free stuff.

But one has to wonder how long these millions will be satisfied with a life fed by sloth, riff with mental deterioration? I wonder also what the result will be when the millions sitting home decide  they want more assistance as their tastes have changed from just getting by to living the good life like those that are working 60 hours a week?

The campaign that Mr Obama is on right now supports this very attitude that our current economic atmosphere isn't fair, the working class has all of the perks while those that are sitting home that won't or can't work have to live a life of subsistence. No new car or vacations in Europe. It just isn't fair.

Ever wonder why the push is on for the minimum wage to go up to $15 dollar an hour? It's the same work, same responsibility, just more money. But you have to know it won't end here, once these people get use to having the extra cash and buying more and better things, they have to have more money to move ahead. Do you see the inequality? Know, they will be back for more money. The war on inequality will never end. It never fails.

It just isn't fair that low skilled workers shouldn't have the same privileges as those that worked their way up for years to enjoy the fruits of their labors. Mobility, moving up through the economic classes is pride of personal accomplishment. But the progressive socialists see this as unacceptable as the people will not have to rely on government to find a future. As more and more individuals find personal fulfillment in a job well done, progressive socialism will die.

And the fact that's lost on many among us, it's Mr Obama that sat these millions down at home because he has done nothing to create an atmosphere of economic expansion so good jobs have a chance of being made available through the prosperity of small businesses. Yet Mr Obama rails against the very programs that he instituted baying he will do everything in his power to correct these inequalities. More government assistance, larger voting base.

Go figure!

Why We Should Wage a War on Economic Immobility Instead of Inequality
Source: Scott Winship, "Why We Should Wage a War on Immobility Instead of Inequality," Economic Policies for the 21st Century, January 16, 2014.

January 20, 2014

With long-term unemployment historically high and still-pervasive economic insecurity in the wake of the Great Recession, it is understandable that many Americans have grown more concerned about the nation's levels of inequality, says Scott Winship, the Walter B. Wriston Fellow at the Manhattan Institute for Policy Research.

In long-run perspective, living standards have improved for the poor and middle class even as income inequality has grown. And contrary to claims that rising income inequality has hurt inequality of opportunity, the evidence of a link between the two is weak.
  • Income inequality within the bottom 80 percent of households has grown only modestly, primarily during the 1980s, and hardly at all since then.
  • Indeed, a wealth of research, including by the Congressional Budget Office, indicates that earnings and income inequality between the middle class and poor have not risen since the mid-to-late 1980s.
Not only has income inequality not grown as much as many suggest, but intergenerational mobility has probably not declined much -- if at all -- in the past three decades. To be clear, no research shows a sizable increase in mobility since the mid-20th century, but the most common finding is a change so modest as to be statistically indistinguishable from no change at all. In his own forthcoming research, Winship finds that today's 30 year olds have experienced no less mobility than did 30 year olds in the mid-1970s.

While upward mobility has not diminished over time, and while it has not been hurt by rising income inequality, it has nevertheless been stuck at unacceptably low levels for decades.
  • If past patterns hold, 70 percent of poor children today will fail to make it to the middle class as adults.
  • Four in 10 will be mired in poverty themselves in midlife.
The challenge, thus, is to identify real solutions to the problem of limited upward mobility.
 

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