10-08-2010, 04:19 AM
Money flows through all kinds of hands. Who ends up with how much in a "free" market system is not, as I have often said in this forum, automagically equal to how much a person is merited to have (I think I've demonstrated that pretty convincingly in the past). Those who have most control of the flow have tended to keep more of it for themselves - sometimes merited because they had a direct hand in actually creating the extra wealth, but much, much more often the people who control the flow of a lot of money, like probably most financiers, end up with more than they merit (as I judge by my value system).
Average wages since the mid 70's have actually decreased when adjusted for inflation:
Wage earners in the last few decades have wanted to think that they should have increased incomes just like the rich. But their wages generally were mostly staying flat after a steep falloff in the early 80's -except for a bit of a rise in the 90's that leveled off again in the by the mid 00's - so to maintain the illusion of the American Dream of getting ahead they went into debt and ended up with zero (or negative) net worth.
Average wages since the mid 70's have actually decreased when adjusted for inflation:
Wage earners in the last few decades have wanted to think that they should have increased incomes just like the rich. But their wages generally were mostly staying flat after a steep falloff in the early 80's -except for a bit of a rise in the 90's that leveled off again in the by the mid 00's - so to maintain the illusion of the American Dream of getting ahead they went into debt and ended up with zero (or negative) net worth.