Nearly half of American workers have low-wage jobs

I have been posting about Parento here for years


the right wont touch this subject


even though the 20/80 rule is amazingly verified in subjects all over the world of math


its mana from heaven to Business majors
 
evince said:
this is what refusing to raise the minimum wages has given us

If had been always incrementally increased with the economy like was the original plan things woud not have gotten to this place


The republican party fights upping the minimum wage like it was flying monkeys after their asses


The republican party hates education, decent wages, science, math and history


they hate everything that could make the world great
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Best article ever written on the subject of income inequality and the scam the right has been running on the dupes. ...

The Middle Class is not “Normal”

There’s nothing “normal” about having a middle class. Having a middle class is a choice that a society has to make, and it’s a choice we need to make again in this generation, if we want to stop the destruction of the remnants of the last generation's middle class. Despite what you might read in the Wall Street Journal or see on Fox News, capitalism is not an economic system that produces a middle class. In fact, if left to its own devices, capitalism tends towards vast levels of inequality and monopoly. The natural and most stable state of capitalism actually looks a lot like the Victorian England depicted in Charles Dickens’ novels.

https://www.thomhartmann.com/blog/2014/04/middle-class-not-“normal”
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Micawber said:
It stands to reason that Trump is a failure and a liar. How long will it take these suckers to get wise to Trump's scam?
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his current dupes will likely DIE before they figure it out


this scam CANT last forever


Parento was TOO correct for this to happen


He developed his 20/80 rule by studying the history of mankind


what that study showed him was when the elite 20% of the population own more than 80% of the wealthy on a society the 80+ and growing numbers of the population BEGIN TO REVOLT



we are well past 20/80 now


history proves its revolt time


They cant win or sustain this level
 
when the 20% convince idiots of a society through propaganda to worship the 20% as the rightful RULERS you get fascism


they vote them in to power


then being convinced they are the NATURAL rulers they control everything they can


no more free market because a LESSOR may usurp them


they CONTROL EVERYTHING they can


Democracy dies or never forms



this is what the republican party is working for
 
evince said:
the "balance" has been abandoned by an elite that is TOO FUCKING STUPID to at least allow 20% to stay 20%


down they come

the wealthy are NOT the natural kings


they are people with flaws


this day and age its sociopathy and lack of braincells in the 1%
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Cue The Beatles -Revolution!
 
evince said:
Vilfredo Federico Damaso (UK: /pæˈreɪtoʊ, -ˈriːt-/ pa-RAY-toh, -⁠EE-,[3] US: /pəˈreɪtoʊ/ pə-RAY-toh,[4] Italian: [vilˈfreːdo paˈreːto], Ligurian: [paˈɾeːtu]; born Wilfried Fritz Pareto; 15 July 1848 – 19 August 1923) was an Italian engineer, sociologist, economist, political scientist, and philosopher. He made several important contributions to economics, particularly in the study of income distribution and in the analysis of individuals' choices. He was also responsible for popularising the use of the term "elite" in social analysis.
He introduced the concept of Pareto efficiency and helped develop the field of microeconomics. He was also the first to discover that income follows a Pareto distribution, which is a power law probability distribution. The Pareto principle was named after him, and it was built on observations of his such as that 80% of the land in Italy was owned by about 20% of the population. He also contributed to the fields of sociology and mathematics, according to the mathematician Benoit Mandelbrot and Richard L. Hudson:
His legacy as an economist was profound. Partly because of him, the field evolved from a branch of moral philosophy as practised by Adam Smith into a data intensive field of scientific research and mathematical equations. His books look more like modern economics than most other texts of that day: tables of statistics from across the world and ages, rows of integral signs and equations, intricate charts and graphs.[5]
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the "balance" has been abandoned by an elite that is TOO FUCKING STUPID to at least allow 20% to stay 20%


down they come

the wealthy are NOT the natural kings


they are people with flaws


this day and age its sociopathy and lack of braincells in the 1%
 
evince said:
https://en.wikipedia.org/wiki/Vilfredo_Pareto
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The future leader of Italian fascism Benito Mussolini, in 1904, when he was a young student, attended some of Pareto's lectures at the University of Lausanne. It has been argued that Mussolini's move away from socialism towards a form of "elitism" may be attributed to Pareto's ideas.[23]
To quote Franz Borkenau, a biographer:
In the first years of his rule Mussolini literally executed the policy prescribed by Pareto, destroying political liberalism, but at the same time largely replacing state management of private enterprise, diminishing taxes on property, favoring industrial development, imposing a religious education in dogmas.[24]:18
 
Cinnabar said:
Best article ever written on the subject of income inequality and the scam the right has been running on the dupes. ...
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This is the best article ever written on income inequality? Really? Insert Not Sure If Serious Gif here please.

Hartmann conveniently leaves out the geo-political realities of the post war era like the cold war, much of europe and Japan in rubles and China in the middle of the Cultural Revolution etc. Can we instantly recreate that scenario today? He also leaves out technological advancement. Do you really think the same jobs at GM that were available in the '50's were going to be available today and paying $50/hr? Sorry, the world has advanced. We are in a tech driven global economy. This isn't the '50's and '60's anymore.
 
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