12-12-2011, 12:05 AM
(12-11-2011, 10:57 PM)Jester Wrote:(12-11-2011, 10:52 PM)Lissa Wrote: How can you say we're not worse off? The middle class is shrinking, the lower class is growing, the upper class is only slightly increasing. That doesn't sound at all like we're better off.
If classes are expressed in relative, not absolute terms, then there is no contradiction there. Inequality can be up, but everyone can also be richer.
And, in absolute terms, everyone is richer, with a downward bump around 2008 that puts us back to the mid-2000s in terms of wealth, but still far above the 1950s...
-Jester
Is everyone really richer or are things more affordable? Remember, what is considered a necessity today wasn't so in the 1950s. Likewise, if you look at the differences in what things cost back then and what loans were like then, it's very different from now (for example, it wasn't uncommon for home loans to be in the 15% to 17% range back in the 1950s compared to today when they are in the 4% range). So, are we really richer or are things just cheaper?
Sith Warriors - They only class that gets a new room added to their ship after leaving Hoth, they get a Brooncloset
Einstein said Everything is Relative.
Heisenberg said Everything is Uncertain.
Therefore, everything is relatively uncertain.
Einstein said Everything is Relative.
Heisenberg said Everything is Uncertain.
Therefore, everything is relatively uncertain.