People Power

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Originally Posted by BDunnell

Were someone to be so rude as to suggest that all you were good for is a good kicking, would you consider this offensive? I should imagine you would. Why mete out such rudeness to others, then?

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This would say that is all they are worth. From the New York Post.


By CANDICE M. GIOVE



Occupy Wall Street protesters stay at $700-a-night hotel


Hell no, we won’t go — unless we get goose down pillows.

A key Occupy Wall Street leader and another protester who leads a double life as a businessman ditched fetid tents and church basements for rooms at a luxurious hotel that promises guests can “unleash [their] inner Gordon Gekko,” The Post has learned.

The $700-per-night W Hotel Downtown last week hosted both Peter Dutro, one of a select few OWS members on the powerful finance committee, and Brad Spitzer, a California-based analyst who not only secretly took part in protests during a week-long business trip but offered shelter to protesters in his s****y platinum-card room

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Originally Posted by Rollo

Worth a look - XKCD: xkcd: Money

Worker/CEO Pay Comparision:
1965 Production Worker Average Hourly Wage: $19.61
2007 Production Worker Average Hourly Wage: $19.71
Typical 1965 CEO Pay For The Same Period: $490.31
Typical 2007 CEO Pay For The Same Period: $5419.97

The US's 400 richest people have a greater combined net worth than the poorest 50% of the country.

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I'll ask once again .... Let's assume for a second that we all hypothetically agree that this is bad. What is your solution, how do you fix this?

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Originally Posted by Rollo

Worth a look - XKCD: xkcd: Money

Worker/CEO Pay Comparision:
1965 Production Worker Average Hourly Wage: $19.61
2007 Production Worker Average Hourly Wage: $19.71
Typical 1965 CEO Pay For The Same Period: $490.31
Typical 2007 CEO Pay For The Same Period: $5419.97

The US's 400 richest people have a greater combined net worth than the poorest 50% of the country.

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Effin' hell. That speaks volumes.

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Originally Posted by Rollo

Worth a look - XKCD: xkcd: Money

Worker/CEO Pay Comparision:
1965 Production Worker Average Hourly Wage: $19.61
2007 Production Worker Average Hourly Wage: $19.71
Typical 1965 CEO Pay For The Same Period: $490.31
Typical 2007 CEO Pay For The Same Period: $5419.97

The US's 400 richest people have a greater combined net worth than the poorest 50% of the country.

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These figures are based on what?
In 1965 my father was working for 3M and had been for over a decade, he waas making less than five dollars an hour.

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Originally Posted by Bob Riebe

These figures are based on what?
In 1965 my father was working for 3M and had been for over a decade, he waas making less than five dollars an hour.

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In what sense does your father's rate of pay in 1965 necessarily have any bearing on the matter? The figures quoted are averages. You do know what 'average' means, don't you?

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Originally Posted by Bob Riebe

These figures are based on what?
In 1965 my father was working for 3M and had been for over a decade, he waas making less than five dollars an hour.

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I take it that you a> didn't follow the link and b> didn't read through the list of cited sources

The Sources are here: http://xkcd.com/980/sources/DataDump.csv
An opening note says:
This chart is entirely in 2011Dollars
Every value associated with a year before 2011 was adjusted for inflation using the Consumer Price Index.
Nearly every amount has a cited source - when possible a scholarly work or government publication

In this case:
The State of Working America, 2008/2009 By Lawrence Mishel, Jared Bernstein, Heidi Shierholz
The State of Working America, 2008/2009 - Lawrence Mishel, Jared Bernstein, Heidi Shierholz - Google Books

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Originally Posted by Rollo

I take it that you a> didn't follow the link and b> didn't read through the list of cited sources

The Sources are here: http://xkcd.com/980/sources/DataDump.csv
An opening note says:
This chart is entirely in 2011Dollars
Every value associated with a year before 2011 was adjusted for inflation using the Consumer Price Index.
Nearly every amount has a cited source - when possible a scholarly work or government publication

In this case:
The State of Working America, 2008/2009 By Lawrence Mishel, Jared Bernstein, Heidi Shierholz
The State of Working America, 2008/2009 - Lawrence Mishel, Jared Bernstein, Heidi Shierholz - Google Books

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You mean the sole source of data wasn't Bob's father?

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Originally Posted by Rollo

I take it that you a> didn't follow the link and b> didn't read through the list of cited sources

The Sources are here: http://xkcd.com/980/sources/DataDump.csv
An opening note says:
This chart is entirely in 2011Dollars
Every value associated with a year before 2011 was adjusted for inflation using the Consumer Price Index.
Nearly every amount has a cited source - when possible a scholarly work or government publication

In this case:
The State of Working America, 2008/2009 By Lawrence Mishel, Jared Bernstein, Heidi Shierholz
The State of Working America, 2008/2009 - Lawrence Mishel, Jared Bernstein, Heidi Shierholz - Google Books

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The only thing that came up when I hit the original link was some one trying to sell me a chart.
My computer will not the first here either.

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Originally Posted by BDunnell

You mean the sole source of data wasn't Bob's father?

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My father is dead. What is your point?

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Originally Posted by BDunnell

In what sense does your father's rate of pay in 1965 necessarily have any bearing on the matter? The figures quoted are averages. You do know what 'average' means, don't you?

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Rollo explained the numbers---- but if you were not such a legend in your own mind, you would know not even Detroit payed anywhere near nineteen dollars an hour in 1965. Ignorance is bliss and you are a very happy man.
At that pay an average person could have bought and fully paid for three to four houses in one year.
Of course any one capable of using logic would say that was impossible, but then we are dealing with Dunnell here.