Yup
There is a time a place for everything. When business is not creating jobs and the economy is sluggish for the middle class, the government is the employer of last resort. It is THE JOB of government to correct the situation when it is stuck.
Then since you "know" that, you must have plugged all your annual S.S. contributions, available on your annual statement, into a spreadsheet and calculated the IRR based on your expected benefit, also available in your annual statement. I did.
Like I said, you know nothing about financial planning. . . diversification, the importance of having different sources of different types for retirement income, etc. And you don't recognize the potential problems with private accounts (another whole discussion for another thread). Hence you aren't qualified to make a decision on the value of S.S.
Yup.
Irrelevant to the discussion.
Probably, but it's common sense and everyone's experience that a new hire gets raises as he stays with the job. You doubt it?
You question whether some are in situations where they cannot get additional training to improve their earning potential??? Now you're trolling.
Prove that IN ACTUAL PRACTICE the market sets wages consistent with inflation. Sure, the market, left to itself, will set wages . . . . lower and lower and lower and lower. Why do you think so many companies moved to cheap labor countries? They wanted to AVOID the U.S. requirement that wages be at least a set minimum. And I guess lower wages is what you want to see. Wouldn't that do a nice job on this country!
Sure. Increasing poverty is a good way of forcing people to cut back. And the middle class is shrinking as poverty has increased.
Are there any statistical data on this claim?
Despite assertions by progressives who complain about stagnant wages, inequality and the (always) disappearing middle class, middle-class Americans have more buying power than ever before. They live longer lives and have much greater access to the services and consumer products bought by billionaires."
"Ever before"? Not true. And poverty skyrocketed under our last republican president.
