reply to post by byteshertz
Starred, flagged and proudly added you as a friend.
Thank God, someone, anyone is beginning to see the injustice of it all.
The person who flips your burger makes barely enough to put food on the table and cover rent in a small, cramped $hitty little apartment.
I have worked for CEO's and other "important people" and no, they don't do the real work, they have manipulated and fooled everyone else into
believing they are gods gift to the world when in actuality they are part of the problem.
Folks, the pie is not being cut evenly.
The people that do the real work make diddly squat and the ones "managing" (I never had to be managed) are not paid near what the "top" dogs are
In America, the payscale is more unevenly distributed than anywhere else.
Now come on, a Hollywood actor that pretends in plays or jiggles their booty is worth hundreds of millions and this is okay?
Where are your priorities America, your a bunch of blind sheep letting the wolves rob you blind.
Start researching the medical benefits our Congress and Senate (and their wives) get even after retirement.
They are suppose to be working for us not the other way around.
Most people, (not you by) are so frigging blind, stupid and compliant it's not even funny.
Wake up people!
The people that do the real work, stock your grocery shelves, get your McMuffin & coffee, scrub out your company toilet, care for your precious child
all should be earning a decent salary.
And the CEO's, bankers, Wall Streeters, Stock Exchangers, Managers (that don't really manage) should be taken down a notch.
I've worked the Corporate American Office for some pretty high ups and guess what, they played Monpoly on Tueday afternoon, take off at 3:00 PM for
golf on Thursday and aquatic class on Friday as well as waltz in at 10:00 AM whenever they feel like it.
Wake up and demand equal pay for those that really do the real work.
Ask yourself, if the guy that drives the truck 12 hours straigh with the food you are going to need for dinner tomorrow or
The woman that you trust your baby with.
The teachers that shape your child's mind.
The people that serve you breakfast and lunch.
The person that delivers your mail
Our policemen and firemen
The person that unloads those Target and Walmart trucks (my son was paid minimum wage and had to unload a huge truck in under 2 hours. Are paid their
Supply and demand. In my book that truck driver and shelf stocker at Whole Foods is worth more to me than any CEO (who by the way gets bonuses when
they figure out a way to outsource YOUR JOB).
Yet we don't bat an eyelass or think it's wrong for Tori Spelling to spend $80,000 on her brats birthday party or Paris Hilton being able to buy a
purse and shoes costing thousands of dollars a pop.
Most of you that agree to this insanity are clueless and non empathetic.
Payscales need to be evened out, those that really do the work, should get paid more than they are and those that don't really do significant work
should logically get paid less than the millions of dollars a year they are currently paid.
They can't even spend it all they make so much. Supply and demand............HOG WASH!
It is totally unjust for some people to blow thousands of dollars on a pair of shoes and others can't even afford medical care.
The Wealth Distribution
In the United States, wealth is highly concentrated in a relatively few hands. As of 2007, the top 1% of households (the upper class) owned 34.6% of
all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 50.5%, which means that just 20% of the
people owned a remarkable 85%, leaving only 15% of the wealth for the bottom 80% (wage and salary workers). In terms of financial wealth (total net
worth minus the value of one's home), the top 1% of households had an even greater share: 42.7%. Table 1 and Figure 1 present further details drawn
from the careful work of economist Edward N. Wolff at New York University (2010).
Table 1: Distribution of net worth and financial wealth in the United States, 1983-2007
Total Net Worth
Top 1 percent Next 19 percent Bottom 80 percent
1983 33.8% 47.5% 18.7%
1989 37.4% 46.2% 16.5%
1992 37.2% 46.6% 16.2%
1995 38.5% 45.4% 16.1%
1998 38.1% 45.3% 16.6%
2001 33.4% 51.0% 15.6%
2004 34.3% 50.3% 15.3%
2007 34.6% 50.5% 15.0%
Top 1 percent Next 19 percent Bottom 80 percent
1983 42.9% 48.4% 8.7%
1989 46.9% 46.5% 6.6%
1992 45.6% 46.7% 7.7%
1995 47.2% 45.9% 7.0%
1998 47.3% 43.6% 9.1%
2001 39.7% 51.5% 8.7%
2004 42.2% 50.3% 7.5%
2007 42.7% 50.3% 7.0%
Total assets are defined as the sum of: (1) the gross value of owner-occupied housing; (2) other real estate owned by the household; (3) cash and
demand deposits; (4) time and savings deposits, certificates of deposit, and money market accounts; (5) government bonds, corporate bonds, foreign
bonds, and other financial securities; (6) the cash surrender value of life insurance plans; (7) the cash surrender value of pension plans, including
IRAs, Keogh, and 401(k) plans; (8) corporate stock and mutual funds; (9) net equity in unincorporated businesses; and (10) equity in trust funds.
Total liabilities are the sum of: (1) mortgage debt; (2) consumer debt, including auto loans; and (3) other debt. From Wolff (2004, 2007, & 2010).
Figure 1: Net worth and financial wealth distribution in the U.S. in 2007
In terms of types of financial wealth, the top one percent of households have 38.3% of all privately held stock, 60.6% of financial securities, and
62.4% of business equity. The top 10% have 80% to 90% of stocks, bonds, trust funds, and business equity, and over 75% of non-home real estate. Since
financial wealth is what counts as far as the control of income-producing assets, we can say that just 10% of the people own the United States of
America. Source and rest of article: sociology.ucsc.edu...
PS. I didn't get a raise for the last three years at my company,but we did the real work. Our CEO has been acquiring two to three companies per month
every month and gave himself a nice 10% pay raise.
All CEO's do is scheme how to screw over the employees in the name of profit.
edit on 10-11-2010 by ofhumandescent because: grammar