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ban nock's avatar

The other day while playing with wealth distribution numbers to see just how wealthy I am I noticed a funny thing. The top 1% have about a third of wealth, the 9% of families below them have another third of the wealth, and the 40% below them have about another third of the wealth. The bottom half of households have nothing. Something ain't right and it's not just the 1%.

The only time I've seen wages and conditions improve for that bottom 50% of workers is during early covid. The border was almost closed, many people had left and gone south because all the service industries were shut down. Supply and demand is simple, and true. The one thing I don't see on this poll of Center for Working Class whatevers is illegal immigration.

I'm not a genius like all of these NGOs doing studies but if you bring 10 million low wage workers into an economy I'd think there might just maybe be a corresponding downward pressure on wages, upwards pressure on rents, and some real busy emergency rooms being used as primary care.

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Kathleen McCook's avatar

"Oligarchy" rings very hollow when ranted by stock-trading members of congress.

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