Unemployment Down to 4.7%

[RakuraiTenjin]

http://apnews.myway.com/article/20060203/D8FHPH6O0.html

Coupled with a rise in average hourly earnings ($16.41) we can see consumer spending increase. Looks like 2006 is in for some bright economic growth!

 

[Teta_Bonita]

yay! good news for a change!

 

[Solaris]

http://apnews.myway.com/article/20060203/D8FHPH6O0.html

Coupled with a rise in average hourly earnings ($16.41) we can see consumer spending increase. Looks like 2006 is in for some bright economic growth!

Is that a mean? Becuase if it is then seeing as though the rich-poor gap has increased, then its probably just the rich people have got richer and the poor get poorer.

 

[JNightshade]

Well, yeah. But still. :/

 

[Kangy]

Is that a mean? Becuase if it is then seeing as though the rich-poor gap has increased, then its probably just the rich people have got richer and the poor get poorer.

Surely if the poor got significantly poorer, and the rich got richer, the rich getting richer would be offset by the poor? I think you need to stop looking at everything as a reason for revolution, and maybe join in with the rest of society.

 

[Solaris]

Surely if the poor got significantly poorer, and the rich got richer, the rich getting richer would be offset by the poor? I think you need to stop looking at everything as a reason for revolution, and maybe join in with the rest of society.

Not really. It depends, the rich would only have to get like 2% richer for the poor to be able to get like 40% poorer and it to be balanced.

 

[Raziaar]

16 bucks an hour is average? Damn... i'm poor <sighs>

 

[Angry Lawyer]

Good to hear some good news in this hellhole of a subforum.

-Angry Lawyer

 

[RakuraiTenjin]

Is that a mean? Becuase if it is then seeing as though the rich-poor gap has increased, then its probably just the rich people have got richer and the poor get poorer.

It means the poor got richer (in the sense of making money) and the rich got richer.
See from the article:
Job gains were fairly broad based, with employment growing in construction, manufacturing, professional and business services and education and health care. Those employment gains blunted job losses in retailing and government.

For all of 2005, the economy created nearly 2 million jobs - close to the number posted for 2004, according to annual revisions.


I'd like for the poor to be able to get even richer than that, but this is definately great! Wealth accumulation is not always at the expense of someone else.

 

[Pajari]

Is that a mean? Becuase if it is then seeing as though the rich-poor gap has increased, then its probably just the rich people have got richer and the poor get poorer.

I'd start listening to Parliament or something instead of keeping Rage Against the Machine on a non-stop loop.

 

[Solaris]

The gap between rich and poor in America is the widest in 70 years

the top 1% of Americans - who earn an average of $862,000 each after tax (or $1.3m before tax) - receive more money than the 110m Americans in the bottom 40% of the income distribution, whose income averages $21,350 each year.

The income going to the richest 1% has gone up threefold in real terms in the past twenty years, while the income of the poorest 40% went up by a more modest 11%.

Source

 

[RakuraiTenjin]

[/B][/SIZE]

Source

Your point being?

 

[Solaris]

If Rich Poor gap=big then bad.

 

[RakuraiTenjin]

If Rich Poor gap=big then bad.

Not if both parties are increasing. Your point would make sense if the rich has seen improvement but the poor had declined. Both had seen improvement, the rich just 33%, the "poor" at 11%

 

[gh0st]

[/B][/SIZE]

Source

the top 1% of earners also pay 50% of the taxes in this country. like rakurai asked, what the hell is your point?

 

[Raziaar]

I didn't even make 10 bucks an hour when I had a job... <cries>

 

[Llama]

*hugs Raziaar*

*Gets beaten by udders*

 

[bliink]

Coupled with a rise in average hourly earnings ($16.41) we can see consumer spending increase. Looks like 2006 is in for some bright economic growth!

Unemployment going down = inflation going up.

Plus, with average (or usually, minimum) wages going up, you can get into inflation spirals.

You want unemployment to stay at a certain point.

 

[DreamThrall]

Not if both parties are increasing. Your point would make sense if the rich has seen improvement but the poor had declined. Both had seen improvement, the rich just 33%, the "poor" at 11%

Don't know about anyone else, but to me, "three fold" means 300%, not 33%. I'm sure you can agree that there is a fair amount of disparity between 300% and 11%, especially considering that it takes a lot more to make a 1% increase on a rich person's income than it does on a poor person's income.

 

[satch919]

Mind the gap: Income inequality, state by state

http://money.cnn.com/2006/01/25/news/economy/income_gap/

 

[RakuraiTenjin]

Unemployment going down = inflation going up.

Plus, with average (or usually, minimum) wages going up, you can get into inflation spirals.

You want unemployment to stay at a certain point.

Thus the fed proposed raising interest rates to counter inflation. I've got some trust in Greenspan right now, he'll do well here.