RE: Bernie Sanders' "Medicare for All" plan is really expensive over a 10-year period....
September 22, 2018 at 2:28 pm
Unless you're a billionaire, I keep wondering where this wonderful economy is.
https://20somethingfinance.com/percentag...-paycheck/
The reason, in large part, is that the jobs which generate those paychecks suck.
https://www.nytimes.com/2018/09/11/magaz...eless.html
Years ago, George Carlin said "it's called the American Dream because you have to be asleep to see it."
https://20somethingfinance.com/percentag...-paycheck/
Quote:The Shocking Percentage of Americans that Live Paycheck-to-Paycheck
The reason, in large part, is that the jobs which generate those paychecks suck.
https://www.nytimes.com/2018/09/11/magaz...eless.html
Quote:These days, we’re told that the American economy is strong. Unemployment is down, the Dow Jones industrial average is north of 25,000 and millions of jobs are going unfilled. But for people like Vanessa, the question is not, Can I land a job? (The answer is almost certainly, Yes, you can.) Instead the question is, What kinds of jobs are available to people without much education? By and large, the answer is: jobs that do not pay enough to live on.
In recent decades, the nation’s tremendous economic growth has not led to broad social uplift. Economists call it the “productivity-pay gap” — the fact that over the last 40 years, the economy has expanded and corporate profits have risen, but real wages have remained flat for workers without a college education. Since 1973, American productivity has increased by 77 percent, while hourly pay has grown by only 12 percent. If the federal minimum wage tracked productivity, it would be more than $20 an hour, not today’s poverty wage of $7.25.
Years ago, George Carlin said "it's called the American Dream because you have to be asleep to see it."