To: A. Pole
LOL
very good point.
I was about to point out to Southack that a million dollars today is worth only a fraction of what it was in 1965 (therefore we have so many more millionaires today), but why bother?
Wage stagnation is a serious issue (and 2/10ths of one percent annual increases is stagnation in my book). One problem is that instead of raises, employers pay for increased insurance preumiums or the stiff payroll taxes that the states and the Feds impose (which are invisible to the worker, but come out of his pocket).
47 posted on
07/05/2003 4:02:30 PM PDT by
Maximum Leader
(run from a knife, close on a gun)
To: riri
bookmarking
48 posted on
07/05/2003 4:05:17 PM PDT by
riri
To: Maximum Leader
"I was about to point out to Southack that a million dollars today is worth only a fraction of what it was in 1965 (therefore we have so many more millionaires today), but why bother?"
My figures are for inflation-adjusted REAL millionaires. Had you pointed such a thing out, you would have been mocked for not realizing that the data was already adjusted.
50 posted on
07/05/2003 4:22:55 PM PDT by
Southack
(Media bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson