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    If 2+2= 3 then false

    If 2+2= 5 then false

    If 2+2= 4 then true

   

Explained below the fold.

   

    Example a.) The minimum wage is worth 3/4 what is was in 1967

    Value of the minimum wage from 1960 - 2005

    The last four columns are where to look.
    Notice that although the value of the minimum wage which sets the floor for labor costs goes up briefly in the 90's, in this example relative to 2005 it is down in value 11.8% since 2000 and 25.7% since 1967.

    Example b.) The middle class base of wage earners

middle class wages and benefits

    Even at $20 = labor+benefit 20*40*52=41200
    We could assume $41200 is the average income, but it is deceiving to do so. Rather, let's consider these people the third fifth of income averages.
    Upon further examination you will see there is relatively little growth from 1973 to 2005, although we can clearly see the period of decline.

    Example c.) Over the last 30 yrs fewer people get paid minimum wage salaries

minimum wage percentage compared to total hourly work

    From 1967 - 2005 the ratio of hourly wage earners to minimum wage earners fell. You may believe that people earn more because of this. They do not.

    Example d.) Then why have only the top 20% of family incomes grown in the last 40 years?

total family income distribution in percentages

   

    For the lower 80% of American families over the last 40 years

    2 + 2 = 3

   

    If 2 + 2 = 3 for 4/5ths of America

    then

depression children

bread line irony

Modern day blacklists

Modern day blacklist

Modern day Reaganvilles

tent city 2009

tent house

bread line

depression joblines

modern day America

For the top 20% of income earners 2 + 2 = 5

family income distribution by percentage

    Only the top 20% have seen any growth in their brackets average wealth in the last 30 years. As you climb from the top 20% to the top 15% to the top 1% the numbers rise exponentially.
    It should be emphasized that the top 20% of families earn 48% of the total share of family income. The top 20% of families earn more total income than the bottom 60% does combined.

More evidence of the disorder of 2 + 2 sometimes adding up to 5

Executive annual pay 1989-2005

 
    If division of the product of labor and capital is the division of profit and
    The bottom 80% of incomes are not growing but decreasing in value
    Only the top 20% of incomes are growing
    While the top 1% of incomes expands exponentially
    Then 2 + 2 = 3
     and some other times
     2 + 2 = 5

   

    Which is obviously false, unless you would like me to believe that the world is flat and I should not believe in evolution.

   

    Not all of the top 1/5 of America are responsible for what the state of affairs over the last 40 years. Things are always just slowly progressing. Things could be better, but still, they are not half bad, not for the people on the margin of the top 20%. These people don't personally finance junkets, they are not the butler and chauffeur crowd, but they are not exactly oppressed either.

As you get higher up though

Norman Rockwell

Better Homes and Gardens

Mr Burns

and finally

Winner

and contrast that to the rest of our

hooverville

So how do we get 2 + 2 to equal 4 again?

By moving the country

Labor Protest

Anti war in Iraq protest

to the left

this war wouldve paid for 16 million degrees by now

to Prosecute Bush/Cheney and restore the Bill of Rights

they can never take our freedom

even if we have to do it ourselves

Tienammen Square

Free Speech Zone

Equal Rights

Battle in Seattle

Protest this crap

So, who is coming with us?

women's rights

You are already with us

It's a sign

We are you. We are with you. You are with us. We should all fight as one.

Dr. Martin Luther King Jr.

Didn't you hear, we are all populists now.

Jesus was a community organizer

Join us for the once in a lifetime chance to all get together and know we moved the world.

The Bail Out The People Movement
National March on Wall St. Friday April 3rd and Saturday Apr 4th

bailoutpeople@safewebmail.com

E-mail this to your friends, especially your Republican friends. They say they know economics. Let's see if they can do basic math

Statistics supplied by
Economic Policy Institute

Originally posted to MinistryOfTruth on Sun Feb 15, 2009 at 07:58 AM PST.

Poll

Are you a populist yet?

8%3 votes
86%31 votes
0%0 votes
5%2 votes

| 36 votes | Vote | Results

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Comment Preferences

  •  Tip cup. Did you do the math? Where do you fit in (14+ / 0-)

    in the equation?

    Should you be a populist?

    The right to a good job with a livable wage

    Worker's rights. Equal rights. Human rights.

    Supply side doesn't work.
    Let's give demand side a try.
    The Bail Out The People Movement

    F#@k this Congress and the limos they rode in on!

    by MinistryOfTruth on Sun Feb 15, 2009 at 08:02:48 AM PST

  •  Our economic system for far too long has been (4+ / 0-)

    focused on financial engineering and paper profits.  It is time to have a more human centered economic system.  Better education, training and living standards for all.

    RebelCapitalist - Financial Information for the Rest of Us.

    by dennisk on Sun Feb 15, 2009 at 08:10:46 AM PST

  •  You need to resize (2+ / 0-)
    Recommended by:
    Mr Bungle 34, MinistryOfTruth

    the executive pay graphic. It's too wide.

    "All that serves labor serves the nation. All that harms labor is treason. -Abraham Lincoln

    by happy camper on Sun Feb 15, 2009 at 08:56:13 AM PST

  •  great diary (1+ / 0-)
    Recommended by:
    MinistryOfTruth

    But don't hate on poker....

    •  LMAO!! But why no love (0+ / 0-)

      How can I get more people to look at the totality of the world around us and see it for what it is. This thing is bigger than petty politics. If we don't fight back now, we will lose our free speech.

      I mean, we have free speech, but do we have the ability to do so?

      Well, sure, one on one through the internet, or through a source like this where we can voice our opinions freely to a large public forum, but, even then, if your idea, your opinion, your dissent, your protest or call for help, if the media can suppress that they can suppress you.

      I feel like a man who has been robbed. I see these bailouts on top of the last 8, 20, 30, and 40 years and I see madness.

      So how do we get people to become more active instead of sitting in front of computer. I will NEVER give money to a campaign contribution, I will only give them my vote. Individual and campaign donations amount to a reverse poll tax. One that many of us can not afford. Why do we not just demand the end of lobbying? If we protest we might get change. If we do nothing that is what we will be given.

      Then, when I see Obama's economic team I know the jig is up. The IMF guys, The WTO guys, The Federal Reserve guys. All the same institution that kissed Greenspan's ring all these years. And we are supposed to think that they have a NEW plan, even when they come from the same school of thought that we have been getting the OLD plans from. WTF!

      And we are bitching about some half evolved bigoted nobodies in a minority party that should just be altogether ignored. We are the lunatics bitching about AM Radio hosts while the bank kicks our neighbors out of their homes and our brothers and sisters out of jobs. We are NOT PAYING ATTENTION TO THE REAL PROBLEM.

      How do I get these articles rec'd more?
      People aren't talking about the new homeless, those who used to own a home and now are renting or worse. Start there. People being evicted at gun point.

      And they get to keep the bailouts.

      And you get to keep your debt.

      When will people WAKE UP!

      Bail Out The People!

      F#@k this Congress and the limos they rode in on!

      by MinistryOfTruth on Sun Feb 15, 2009 at 09:40:00 AM PST

      [ Parent ]

  •  Jared Diamond on income inequality (1+ / 0-)
    Recommended by:
    MinistryOfTruth

    Wish I could remember where I read this...

    Jared Diamond is the author of Collapse, a book about societies that encountered ecological limits and often collapsed as a result. An interviewer asked him about the characteristics of those societies that did not collapse. Diamond's reply was that those societies were governed by elites that did not feel insulated from the consequences of their decisions.

    Now look at the US today, where wealth and income disparities have resulted in an elite class that lives in a different financial universe from the rest of us. The people who are deciding issues like national health care and Social Security do not depend on these programs for their health care or their retirement. Free trade will not cost them their jobs. They'll still be able to put gas in their cars no matter how much the price rises. War is an option for them, because they know their kids won't be in the military. Hell, I bet a fair number of them figure they personally can survive global warming, even as billions die.

    Oh yeah... I should add that this is the same group that invests in stocks, bonds, and hedge funds, so spending trillions of public dollars in an attempt to prop up toxic asset values is naturally a top priority for them. As is the fundamental right of Wall Street execs to unlimited compensation even as they drive our economy to ruin.

    The consequences of gross wealth/income disparity is not just economic hardship for the bottom 80%. It is also catastrophically bad leadership, as a systemic feature.

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