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I drink your milkshake! a metaphor for capitalism
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<blockquote data-quote="rickyb" data-source="post: 2840337" data-attributes="member: 56035"><p>heres a more current article from david cay johnston. so it sounds like they finally are rising again. wont be long because the country is overdue for another recession.</p><p></p><p><a href="http://www.thedailybeast.com/articles/2016/10/21/after-15-flat-years-american-wages-are-finally-really-rising" target="_blank">After 15 Flat Years, American Wages Are Finally Really Rising</a></p><p></p><p>In 2013, the median wage increased by $111. That figure tripled in 2014 as the median wage grew by $332. It more than tripled again in 2015, rising by $1,074.</p><p></p><p>i thought this quote was interesting:</p><p></p><p>"The wage growth in this century all came after top income tax rates were increased by Congress at the urging of President Obama, who kept tax rates for everyone but the top earners unchanged. That’s not to suggest higher taxes cause higher wages, but rather than decades of data show a relationship in which the median and average wage tend to rise in real terms when tax rates at the top go up and to flatten or fall when they go down, bringing into question the dogma that taxes are always and everywhere bad for the economy and incomes."</p></blockquote><p></p>
[QUOTE="rickyb, post: 2840337, member: 56035"] heres a more current article from david cay johnston. so it sounds like they finally are rising again. wont be long because the country is overdue for another recession. [URL='http://www.thedailybeast.com/articles/2016/10/21/after-15-flat-years-american-wages-are-finally-really-rising']After 15 Flat Years, American Wages Are Finally Really Rising[/URL] In 2013, the median wage increased by $111. That figure tripled in 2014 as the median wage grew by $332. It more than tripled again in 2015, rising by $1,074. i thought this quote was interesting: "The wage growth in this century all came after top income tax rates were increased by Congress at the urging of President Obama, who kept tax rates for everyone but the top earners unchanged. That’s not to suggest higher taxes cause higher wages, but rather than decades of data show a relationship in which the median and average wage tend to rise in real terms when tax rates at the top go up and to flatten or fall when they go down, bringing into question the dogma that taxes are always and everywhere bad for the economy and incomes." [/QUOTE]
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I drink your milkshake! a metaphor for capitalism
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