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Ronald Reagan; Savior or Scum

The point i was making, is that these things are naturally occurring. Reaganomics had nothing to do with it, and shouldn't be given credit for it.

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Come now, heyhey. You're a nice person and I'm not going to troll hammer you too.

1. You can't separate your objective measure of real DPI from the concept of improved living standards? BTW, we know that measure is not reflective of reality for several reasons like health care benefits being excluded. For some reason we don't put any value on living 33% longer and having to pay for it...

2. You misunderstood the women in workforce angle. Wealth allowed them to leave the houses, and yes, increasing labor participation rate was a nice driver for wealth creation. You are correct. But wait, I thought you were just claiming we haven't created any wealth and living standards have gone down hill???

3. Your survey asking 1010 participants if they work more or less is like asking people if they think gas prices are outrageous. Neither mean anything.

1. Sure I can. I agree that living standards have improved I differ with you(I think) on the why. I seems to me that most of the improvement in living standards has to do with efficieny and technological advancement not middle class wealth.

2. No I think we have created real wealth for sure. I would argue that part of current economic woes are due to the fact that much of that wealth is in the hands of people who have the luxury not to spend it. Less and less of it is in the hands of ordinary people who would spend a greater percentage of it.

3. I simply cannot agree with you on the leisure time thing. I grew up in a household with a one working parent and most my friends did too.(both of my parents are working now) I know few people who have the luxury to maintain a single breadwinner household these days. Just eight years ago I made less money and had an easier time affording the things my family needs. I would still like to see a link to the study your referencing by the way.
 
I have a boner for franklin. Most objective person I've ever listened to on any of these issues and very very knowledgeable to boot.

I've really backed off trying to spout off on economic stuff because I hate listening to ignorant people talk like they're know what they're saying...and I figure most other people do too.

When it comes to economics there isn't much of a thing as knowledgeable, other than some basic theories/tenants.
 
Following up on that thought and envy in human nature, there are a bunch of fun economic studies out similar to the following:

The moderator has a pool of $100 to give out (no strings attached). There are two participants who will split the money. Participant A is given $10, which means that Participant B gets $90. Participant A is then given the choice to either 1) keep what was given to him, OR 2) forfeit his $10 if it also means that Participant B is required to forfeit his $90.

Logic would dictate that everyone should go with option 1. Results are -- I won't say "surprising".

Variation on https://en.wikipedia.org/wiki/Ultimatum_game

Not too shocking. I'm sure people believe in "equity" (at least how they define it) if it doesn't mean a bad loss for them, like $10 is.

Now switch those numbers to $100,000 for the person if the other gets $900,000 and I'm guessing the vast majority keeps the money.
 
3. I simply cannot agree with you on the leisure time thing. I grew up in a household with a one working parent and most my friends did too.(both of my parents are working now) I know few people who have the luxury to maintain a single breadwinner household these days. Just eight years ago I made less money and had an easier time affording the things my family needs. I would still like to see a link to the study your referencing by the way.

I basically agree with #1 & 2.

You keep going back to working outside the home without accounting for working inside the home. To illustrate your point, you have to show that women are working daycare while also saying women at home are not doing that same work. Let that sink in a minute.

You're also not factoring in the 2nd and 3rd jobs men used to work. Nor work men did around the house on the weekends. I don't know any one who works on cars anymore other than the people who do it as a hobby...

Also, look up the BLS data on average hours worked per week (down 4 hrs from 1964). That's a data point that needs more interpretation, but overall it shows less work.

I don't have time right now to find you the studies, and to be honest I don't really care to read more about something so trivial and obviously created by some bleeding heart set on despair, but if you google on work and leisure then there will be plenty of stuff for you on the first page.
 
Another thoroughly debunked myth. Class mobility in America is alive and well.

I think that depends on which class. It's probably easier in America to more from the second-highest quintile to the highest than in many Western European countries. In most places in America, it's much harder to move out of the lowest quintile than in those countries.
 
I think that depends on which class. It's probably easier in America to more from the second-highest quintile to the highest than in many Western European countries. In most places in America, it's much harder to move out of the lowest quintile than in those countries.

Opinion or fact based?
 
I think that depends on which class. It's probably easier in America to more from the second-highest quintile to the highest than in many Western European countries. In most places in America, it's much harder to move out of the lowest quintile than in those countries.

Of course.

The lowest quintile is the only area the USA has a mobility problem, which is why tend to focus on inner city plight so much. The remaining 80% don't have the issue because higher education is readily accessible.
 
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