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Income Inequality
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<blockquote data-quote="bbsam" data-source="post: 1262885" data-attributes="member: 22662"><p>I wasn't. I was using it to show one of the ways businesses have used to decrease compensation over the years. 401(k) plans were always meant to supplement other retirement provisions. Over time, 401(k) became THE plan. Note I said one of the ways. Others include the stagnation of wages, increase in individual contributions to health insurance and intense focus on increased productivity. You know, cutting routes, telematics, that kind of thing, all the while making record profits. Start rolling all these facts together along with executive compensation, and the case for out of control income inequality is pretty easy to see. Now, if someone believes that all of that is fine and that apparent inequality is free markets at work and a healthy and natural thing, then that is his or her right. I think most people will have a hard time coming to that conclusion.</p></blockquote><p></p>
[QUOTE="bbsam, post: 1262885, member: 22662"] I wasn't. I was using it to show one of the ways businesses have used to decrease compensation over the years. 401(k) plans were always meant to supplement other retirement provisions. Over time, 401(k) became THE plan. Note I said one of the ways. Others include the stagnation of wages, increase in individual contributions to health insurance and intense focus on increased productivity. You know, cutting routes, telematics, that kind of thing, all the while making record profits. Start rolling all these facts together along with executive compensation, and the case for out of control income inequality is pretty easy to see. Now, if someone believes that all of that is fine and that apparent inequality is free markets at work and a healthy and natural thing, then that is his or her right. I think most people will have a hard time coming to that conclusion. [/QUOTE]
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