Even Billionaires Love This Guy’s Book About Inequality

[Futuristic Eskimo]

yeah

they tax the shyt out of what he used to do in the 80s...that greenmail shyt doesn't fly anymore

Yea thats why I dont buy his whole transformation into the shareholder friendly activist. If the rules were the same, he'd be out there doing the same shyt that he was doing back in the day.

 

[Non Sequitur]

lip service only imo
Krug breaks it down on why the rich don't want you to read this book
and Icahn may be poor compared to the people Krugman is tambout


already got my copy

It's a start, I guess...

 

[Brown_Pride]

My argument is salaries have been stagnated since the 80's. Last time we had this much inequality we had the great depression.

Since the 80's salary growth has remained relatively flat, this is what needs to be addressed.

When I graduated in 2005 from pharmacy school, Walgreens was starting pharmacist at $92,500 a year.

CVS just recently bought out Eckerds, and they were started pharmacist at $107,000 a year. Guess what Walgreens did? They increased pharmacist salary to 107k.

And of course we know all about similiar pay bumps engineers, computer programmers, and IT have seen. Even some blue collar workers seen pay bumps. But most of the middle class salary growth has remained flat.

Even if companies decide a 5 year plan to increase wages, it would be some type of progress. At this point we need solutions, not rhetoric or philosophical/moral analysis of Mr. Scrooge's altruism.

IMHO at this stage in the game if you're on salary (exempt) chances are you're doing reasonably well in comparison to the middle class working for an hourly wage. making 107k a year (outside of really large cities like NY or SF) you're banking it. The issue and my point is with the hourly pay and how that has been stagnant while we've seen record profits for executives is unsustainable. The idea that wages can't increase without raising prices is BS. You can raise wages of most employees by adjusting the wages of others (execs and such).

 

[Suicide King]

IMHO at this stage in the game if you're on salary (exempt) chances are you're doing reasonably well in comparison to the middle class working for an hourly wage. making 107k a year (outside of really large cities like NY or SF) you're banking it. The issue and my point is with the hourly pay and how that has been stagnant while we've seen record profits for executives is unsustainable. The idea that wages can't increase without raising prices is BS. You can raise wages of most employees by adjusting the wages of others (execs and such).

Yes, it is unsustainable.

Rich execs was flying in private jets to ask for government bail out through TARP.

Last time we had inequality this high was in 1927 which caused the Great Depression.

So...something will give. It would have happened sooner, if the Govt wasn't conned into that "too big, too fail" nonsense.

 

[heisenburrr]

No worries, Bitcoin is here