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Originally Posted by Baraka_Guru
I'm wondering how much of the problem with the average American has to do with things other than real wages. (BTW, do we know how real wages have fared in the U.S. over the past couple of decades?)
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I believe it was one of the links I posted in this thread. It showed a steady and marked decrease since 1995.
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What about other issues such as the savings rate or the debt-to-income ratios of the average American household?
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Jobs will get back on track when the economy does, not before. And we won't know it's happening until after the fact. It will be a long, slow recovery. Few people are expecting otherwise.
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Perhaps, but I don't see wages increasing for a very long time.
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The next time around, I hope many will have learned some hard lessons. You cannot go about your business expecting something like this cannot happen.
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We have become a somewhat "live for today society" for numerous reasons, primarily I believe it the news feeding us pablum and our politicians being flat out corrupt.
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Is it perhaps that too many were reaching too far for the American dream?
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And what exactly were people reaching too far for? When everything goes up but wages there is serious trouble.
And as the hard working class and lower 90% of the people are told "They are over reaching", the top 10% continue to grow wealth off the backs of the working man, paying him lower wages, outsourcing jobs and having government in their back pocket.
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You have to know the risks. You then have to know how much you are willing to take.
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So, someone working 40 hours and wanting to live within his means but can't because wages are, IMHO, artificially held down.... it is that worker's fault for wanting a decent life?