This blog is about living the American Dream at the dawn of the new millennium! I am a nameless, mid-20s, bottom 150 Law School Graduate who finds himself marginally attached and awash in a sea of overeducated but underpaid, indentured peers who feel, and were, duped by the promise of a better life through debt and modern chemistry. Let's get to the point. The Law School Industrial Complex is a scam that has destroyed a generation out of greed. Vendettas were once legal and the pursuit of one was seen not only as moral, but necessary. This newly minted lawyer is going to continue the practice. DON'T GO TO LAW SCHOOL YOU MORONS! Ce qui suit est ce qui reste!

Monday, July 4, 2011

Happy Fourth of July: Fuck the Working Class Edition




HAPPY FOURTH OF JULY!!! WHO LOVES THE COUNTRY FORMERLY KNOWN AS AMERICA?!?!


Maybe I'm slipping into an old bullshit Marxist narrative but it's really hard to see this kind of shit as anything other than unpublicized class warfare. I say this after reading the following report from the Center for Labor Market Studies:

The “Jobless and Wageless” Recovery from the Great Recession of 2007-2009: The Magnitude and Sources of Economic Growth Through 2011 I and Their Impacts on Workers, Profits, and Stock Values

Here's the full report link


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Oh look, it's Emory's own Professor Stadler! Happy 4th Prof!!!

Here's the gist of it as reported elsewhere

Between the second quarter of 2009 and the fourth quarter of 2010, real national income in the U.S. increased by $528 billion. Pre-tax corporate profits by themselves had increased by $464 billion while aggregate real wages and salaries rose by only $7 billion or only .1%. Over this six quarter period, corporate profits captured 88% of the growth in real national income while aggregate wages and salaries accounted for only slightly more than 1% of the growth in real national income. The extraordinarily high share of national income (88%) received by corporate profits was by far the highest in the past five recoveries from national recessions.

As the commie propaganda mill national newspaper New York Times points out:

The current economic recovery in the United States has been unusually skewed in favor of corporate profits and against increased wages for workers...The study said that of the previous recoveries since the 1970s, the recovery following the 2000-1 recession was next worst in terms of the share of increased income going to wages and salaries. The study found that 15 percent of income growth went to aggregate wages and salaries in the six quarters after the recovery began following that recession, while 53 percent went to corporate profits. The growth in national income can also go to net interest, rental income or proprietors’ income.

So in summation:



Till Next Time!!! Have Some Hot Dogs & Beer and Vote Against Your Own Interests for Empty Rhetoric!!!

4 comments:

  1. " Have Some Hot Dogs & Beer and Vote Against Your Own Interests for Empty Rhetoric!!!"

    Done and done!

    s/ The American People

    ReplyDelete
  2. I'm wealthy, debt-free, and doing just fine so I have no idea why you spend your time whining rather than competing.

    Of course, it is your time to spend in any way you like here in America.

    Happy Fourth everyone!

    ReplyDelete
  3. @ 10:29

    Spoken like a true, red-blooded boomer law professor. Or wall street banker. I can't tell, you all look alike to me.

    ReplyDelete
  4. Americans outside the upper classes will willingly vote against their own economic interests - if they feel compelled to vote for a candidate who will take the "correct" stance on social issues. (In reality, does it really matter if the state recognizes that Joe and Karl can bump uglies and be a couple?! Call me pragmatic, but it seems that putting food on the table and paying the bills might be more important.)

    In contrast, wealthy pigs will ALWAYS vote in favor of protecting or expanding their interests. These oligarchs would support sacrificing 200 virgins every year - if it guaranteed that they would make more money on their investments, royalties, real estate, etc.

    ReplyDelete