Quote:
Originally Posted by jimjamuser
The US was the ONLY main country that exited WW2 without having its industry decimated - look at Europe and Japan then. Both Japan and Europe have done a remarkable job of getting back on par with the US. I was NOT comparing countries today and I certainly think that the US has a world lead in Silicon Valley software production.
.....What I was talking about is INCOME disparity in the US, which has more of that than Finland, Sweden,
Germany, New Zealand, Japan, and etc, etc. It is a KNOWN FACT that the discrepancy (wages difference) between the US is like 100 to 150 times greater for US CEOs than the average line workers. In JAPAN the discrepancy is about 10 times. And it is similar in Europe and other far east countries. The US has the most dicrepency. it was NOT that way in 1950 or 1960. The US rich have gotten richer and greedier than in other counties. That is part of the reason why costs are rising so much in the US. And the OIL and GAS industry and others are partly responsible because of US pay discrepancies. Tax % and brackets are BIG factor. All these factors are playing into current US Inflation, potential recession, and potential problems for Seniors on fixed incomes.
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"Both Japan and Europe have done a remarkable job of getting back on par with the US."
Who do you think helped pay for all of that???
"CEOs"... The new "coral"...