Interesting article in the WSJ today talking about lack of physical mobility in the workforce....Over the last 10 years, people are changing jobs less and physically moving (i.e. for a better job) less than ever before, less than half what it was 20 years ago in both cases.
No doubt some of that is undoubtedly owning a home being like an anchor for people, especially now given the housing bubble. But I also think dual-income families have a lot to do with it. Which brings up another interesting point - there are more dual-earners than ever before, much much more, and while real wages have been mostly flat the last 30 years couples would seem to be earning 50% or more than before. Yet, somehow, they are poorer as a result? If you want to find a corollary, look no further than Europe, which would be alarming and/or discouraging if perhaps so many didn't continue to hold up Europe as some sort of socialist utopia.
Our "poor" aren't really poor, and those who truly are can get free or highly subsidized rent/mortgages, food and other freebies. I'll say it again, the govt is not the solution to stagnant wages and wealth inequality, at least not directly (i.e. policy vs. taxation).
America has been almost completely taken with a simultaneous sense of entitlement and enabling. Most college degrees, at least the practical ones, pay pretty well - at or above median family incomes after just a few years and that for just 1 earner. Yet students want more subsidies, more handouts, and more tax breaks for college education - I don't generally classify socialism, many programs with which I agree (in moderation), as robbing from the rich to give to the not-so-poor but that one is a prime example of entitlement run amok.
gut
Senior Member
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15,058
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G
gut
Senior Member
15,058
posts
Mon, Nov 28, 2011 8:45 PM
Nov 28, 2011 8:45 PM
Nov 28, 2011 8:45pm