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Originally Posted by Ustwo
Just to get on this a bit, its false.
This has been talked about before, and when adjusted for inflation, the average family has the same buying power as in 1970. The problem is people are spending more on luxuries and viewing them as necessities. The income isn't the problem, its some peoples life style that is.
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No, that is not the problem. I am not talking about people overextending their credit and buying 42" flat-screen tvs when they can barely make rent. I am talking about people who live modestly and still have to make hard choices about
which bills to pay in a certain month.
Baraka's numbers up there are pretty illustrative. Do you deny them? Do you think if a company's executives are taking home multi-million dollar bonuses every year, regardless of the productivity of their efforts, it has no effect on the income and well-being of it's workers and shareholders? You say it has no effect on you but it does. And importantly to you, it has an effect on the people who come to you to spend their money so
you can make a living. Have you noticed that company paid insurance plans are disappearing? That more and more, employees are being asked to either pay larger percentages of their own health insurance or participate in plans with high deductibles? Do you suppose this will not have an effect on your business somewhere down the line?