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How Rising Inequality Has Widened the Justice Gap

FollowTheWay

FollowTheWay

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Revmitchell said:
Here is some for ya:

"Investing.com -- A new study by economists from Harvard and Princeton indicates that 94% of the 10 million new jobs created during the Obama era were temporary positions.

The study shows that the jobs were temporary, contract positions, or part-time "gig" jobs in a variety of fields.

Female workers suffered most heavily in this economy, as work in traditionally feminine fields, like education and medicine, declined during the era.

The research by economists Lawrence Katz of Harvard University and Alan Krueger at Princeton University shows that the proportion of workers throughout the U.S., during the Obama era, who were working in these kinds of temporary jobs, increased from 10.7% of the population to 15.8%.

Krueger, a former chairman of the White House Council of Economic Advisers, was surprised by the finding.

The disappearance of conventional full-time work, 9 a.m. to 5 p.m. work, has hit every demographic. “Workers seeking full-time, steady work have lost,” said Krueger.

Under Obama, 1 million fewer workers, overall, are working than before the beginning of the Great Recession."

Nearly 95% of all new jobs during Obama era were part-time, or contract
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Actually I'm not surprised. I don't think we ever really recovered from the "Great recession" and I also think the very unusual tactics used by the Fed did more harm than good. I do think the first infusion of support was necessary to prevent a depression but the ongoing manipulation of interest rates did a great deal of harm and the next "recession" will be worse than the last one. Trump will also make it worse by removing regulations on banks which were set up to ward off another melt-down.
 
InTheLight

InTheLight

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The assertion that wage inequality is increasing is question begging. Take a look at this chart:

Wage Gains Low Income.JPG
 
HankD

HankD

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FollowTheWay said:
How Rising Inequality Has Widened the Justice Gap

Rising inequality has harmed low-income families not only by depriving them of a fair share of society’s income growth, but also in a more specific way: It has stacked the legal system even more heavily against them.

According to a recent survey, more than 70 percent of low-income American households had been involved in eviction cases, labor law cases, and other civil legal disputes during the preceding year, and in more than 80 percent of those cases they lacked effective legal representation.

Indigent persons charged with crimes are entitled to state-sponsored lawyers, but here, too, funding shortages are widespread.

The stakes in criminal proceedings are often enormous, but civil disputes often produce life-shattering outcomes as well.

That’s why Congress created the Legal Services Corporation in 1974, a nonprofit whose mission is to support civil legal aid for low-income citizens. But the Legal Services Corporation was never adequately funded. And in the ensuing decades, rising income inequality has contributed both to a reduction in the supply of legal assistance to low-income families and an increase in the need for it.

.....the Legal Services Corporation, which received more than $860 million in 1981, received only $385 million in 2017(both in 2017 dollars).

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A disabled friend was charged with a crime he physically could not have committed (Dr's assessment). A store security camera and a store manager reinforced that he was not guilty. Still the judge told him that if he couldn't prove himself INNOCENT he was going to jail. Is this justice for all? of course not. There are two systems of justice in America. One for the rich and one for the poor.
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Right - a social justice cause proclaimed and outraged by the progressive left.

Of course that ends around November 10th never to be heralded again until the next election.
 
InTheLight

InTheLight

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FollowTheWay said:
Too little, too late.
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Wait a minute. You said worker wage inequality was rising. I show you statistics saying it is not. Yet you still insist you are correct. Nothing new there, I guess.

Oh yeah...today's headlines.

U.S. adds 201,000 jobs as worker wages accelerate to nine-year high

The United States created 201,000 new jobs in August, keeping the unemployment rate at an 18-year low and generating the fastest increase in worker pay since the end of the Great Recession. The increase in hiring in August was another solid gain that reflects broad strength in an economy that accelerated in the spring and showed little sign of slowing down toward the end of summer.

The biggest news in the August employment report was a sharp increase in pay. The average wage paid to American workers rose by 10 cents to $27.16 an hour. What’s more, the yearly rate of pay increases climbed to 2.9% from 2.7%, marking the highest level since June 2009.

wages average annual.JPG

U.S. adds 201,000 jobs as worker wages accelerate to nine-year high
 
FollowTheWay

FollowTheWay

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InTheLight said:
Wait a minute. You said worker wage inequality was rising. I show you statistics saying it is not. Yet you still insist you are correct. Nothing new there, I guess.

Oh yeah...today's headlines.

U.S. adds 201,000 jobs as worker wages accelerate to nine-year high

The United States created 201,000 new jobs in August, keeping the unemployment rate at an 18-year low and generating the fastest increase in worker pay since the end of the Great Recession. The increase in hiring in August was another solid gain that reflects broad strength in an economy that accelerated in the spring and showed little sign of slowing down toward the end of summer.

The biggest news in the August employment report was a sharp increase in pay. The average wage paid to American workers rose by 10 cents to $27.16 an hour. What’s more, the yearly rate of pay increases climbed to 2.9% from 2.7%, marking the highest level since June 2009.

View attachment 2438

U.S. adds 201,000 jobs as worker wages accelerate to nine-year high
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upload_2018-9-7_10-26-20.png

How much do you think an increase in the average worker's pay of $0.10/hr will impact this picture? That's less than $1/day. That and another $1.50 will buy you a cup of coffee at Starbucks.
 
atpollard

atpollard

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FollowTheWay said:
View attachment 2439
How much do you think an increase in the average worker's pay of $0.10/hr will impact this picture? That's less than $1/day. That and another $1.50 will buy you a cup of coffee at Starbucks.
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I crunched those numbers a bit. If we tax the top 0.1% of the population at 100% (taking all of their income) we will collect about $1 trillion. If we then redistribute that money among the approximately 180 million workers in the bottom 90%, we can boost their average income from $34,074 to $39,697. So crushing the top 0.1% will only boost the bottom 90% by a few thousand dollars.

PS.
That $0.10 per hour per month is $1.20 per hour per year and $4.80 per hour over a 4 year presidential term. That comes out to an extra $9,984 per year over the course of 1 presidential term. More than the $5,623 they would have gained by a 100% tax on the top 0.1% redistributed as a government dole.

How about that!
 
InTheLight

InTheLight

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FollowTheWay said:
How much do you think an increase in the average worker's pay of $0.10/hr will impact this picture? That's less than $1/day. That and another $1.50 will buy you a cup of coffee at Starbucks.
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Moving the goalposts again, I see. Is wage inequality on the rise? Answer: No. That was the premise of your post. It's flawed. I just posted data showing low wage workers are getting the largest pay raises and that pay raises for workers is at it's highest rate since 2009. And your answer is to say a ten cent per hour raise could only buy an extra cup of coffee per day. So you're trying to change the argument from a wage gap between two metrics to an absolute dollar amount applied across all wage earners.

What is the average workers hourly wage? Anyone? Buehler? Buehler?
 
InTheLight

InTheLight

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Taking the flip side of your (flawed) response--you should be happy that the person earning $250,000 a year is only getting a ten cent per hour raise. Fairness personified, no? Closing that inequality gap, no?
 
FollowTheWay

FollowTheWay

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InTheLight said:
Moving the goalposts again, I see. Is wage inequality on the rise? Answer: No. That was the premise of your post. It's flawed. I just posted data showing low wage workers are getting the largest pay raises and that pay raises for workers is at it's highest rate since 2009. And your answer is to say a ten cent per hour raise could only buy an extra cup of coffee per day. So you're trying to change the argument from a wage gap between two metrics to an absolute dollar amount applied across all wage earners.

What is the average workers hourly wage? Anyone? Buehler? Buehler?
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How much have CEO's income (from all sources including capital gains) gone up in the same time frame?
 
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