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REAL WORLD EVENT DISCUSSIONS
Poverty in the USA
Wednesday, December 12, 2012 10:32 PM
MAGONSDAUGHTER
Thursday, December 13, 2012 9:39 AM
FREMDFIRMA
Quote:Vimes learned something new: the very very rich could afford to be poor. Sybil Rankin lived in the kind of poverty that was only available to the very rich, a poverty approached form the other side. Women who were merely well-off saved up and bought dresses made of silk edged with lace and pearls, but Lady Ramkin was so rich she could afford to stomp around the place in rubber boots and a tweed skirt that had belonged to her mother. She was so rich she could afford to live on biscuits and cheese sandwiches. She was so rich she lived in three rooms in a thirty-four roomed mansion; the rest of them were full of very expensive and very old furniture, covered in dust sheets. The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money. Take boots, for example. He earned thirty-eight dollars a month plus allowances. A really good pair of leather boots cost fifty dollars. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars. Those were the kind of boots Vimes always bought, and wore until the soles were so thin that he could tell where he was in Ankh-Morpork on a foggy night by the feel of the cobbles. But the thing was that good boots lasted for years and years. A man who could afford fifty dollars had a pair of boots that'd still be keeping his feet dry in ten years' time, while a poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still have wet feet. This was the Captain Samuel Vimes 'Boots' theory of socio-economic unfairness.
Thursday, December 13, 2012 10:08 AM
NIKI2
Gettin' old, but still a hippie at heart...
Quote:Rick Perry's Texas: Jobs Boom Driven by Low-Paying Jobs That Texas has exhibited strong job growth is beyond dispute: the Dallas Federal Reserve found that 37% of all net new American jobs between June 2009 and April 2011 -- that's about 262,000 -- were created in Texas. Perry cites such data as vindicating the his business-friendly economic policies, including a lack of a state or corporate income tax. But low-wage jobs play an outsize role in powering Texas' economic engine. The majority of the state's workforce is paid an hourly wage rather than a salary, and 9.5 percent of those workers earned the minimum wage or below compared to about 6 percent for the rest of the nation, according to the Bureau of Labor Statistics. From 2007 to 2010, the number of minimum wage workers in Texas rose from 221,000 to 550,000, an increase of nearly 150 percent. Hourly wage workers' median salary of $11.20 per hour in 2010 lagged behind the national median of $12.50.More at http://www.ibtimes.com/rick-perrys-texas-jobs-boom-driven-low-paying-jobs-827307
Thursday, December 13, 2012 5:06 PM
Friday, December 14, 2012 9:15 AM
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