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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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KDBD's avatar

Great data. It does make me think that iit will be hard to win on what you call economic messages. I do think the developers of this survey may have missed how immigration plays out as an economic issue. However putting that aside my takeaway is that whichever party engenders trust will win and then they have 4 years to prove their economic plans help. If they don’t and more importantly if they lose trust and they are at best the same they are going to lose. I believe this is why cultural issues are so important. They are easier to quickly show the party is trustworthy than most economic issues unless you go over a cliff on economic ones like Biden and the Democratic Party. When you name a bill inflation reduction only to have inflation go through the roof you are pretty much …. Trust is really simple. You say what you are going to do, you do it and whatever you have done has at least some positive impact on the people who elected you.

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