Comments about ‘Increasing income inequality is changing the way people in the U.S. live, new research says’

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Published: Friday, Jan. 11 2013 2:50 p.m. MST

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spring street

@lost in dc
Do you understand what the standard of living index is? please actually address my post instead of using empty retorts.

Forest Grove, OR

Brigham Young stated it best when he said something to the effect, the ways of the world (capitalism included) tend to sink the masses into poverty and degradation while exalting a few to unfathomable wealth. This not only was the premise in the plan of the adversary of all mankind, to ironically save all mankind, alas the biggest lie ever told as amply manifest by this very extreme inequality gap in temporal affiars--this greed and selfishness is literally the source of all evil in our society even now.

Kent C. DeForrest
Provo, UT

The main problem with income and wealth inequality is macroeconomic. When the consumer classes have less disposable income (and this has been the trend for the past 30 years), demand remains depressed, which discourages the wealthy from investing in increased domestic production. This is why supply-side economics never worked. More and more of the profit keeps going to the top. For a while we were able to buy all the products corporate America kept producing (in Third World countries) by purchasing on credit. But the 2008 crash ended that fantasy. If corporations really want to stay in business, they need to start hiring American workers, paying them better, and giving the CEO what he really deserves (maybe 8 to 10 times the pay of the average worker). Only with more balance in where the wealth goes will we be able to pull ourselves out of the hole we started digging with Reagonomics.

lost in DC
West Jordan, UT

Spring street,
It appears we have a misunderstanding/miscommunication

the poor today I believe have a much better standard of living than they did in the 1980s

they have:
cell phones
internet access
game systems, etc.
subscription TV

the medical care they receive is modern, not 1980s treatments
their cars generally do not burn leaded gas and get 12 miles per gallon.

Did I ever say they are able to take advantage of as many things as those better off or that their life was a breeze? No.

I said their standard of living is better than it was 30 years ago.
They ARE able to take advantage of most, if not all, of the technological advantages that make life today better than it was 30 years ago.

In some ways, our treatment of the poor is much better than it was before.

When I was in school, the poor kids worked in the cafeteria during lunch and got one meal a day. now they get breakfast and lunch and do not have to work.

That is just one example, my 200 word limit prevents further explanation

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