We talked, at length, yesterday. about the stock market and the fast and furious rise of it, while wages stayed stagnant.
Here's some food for thought:
Since 2009, wages have increased at a rate of only 2% over 5 years. In that same 5 year span, the cost of living has increased by 2.4% in just 2011 and 2012, which would put the total cost of living increase at about 5% in the same 5 year period. Or, to put it simpler, wages went up by 2% and costs went up by 5%, leaving a 3% gap for most Americans.
The DOW rose from 7000 points to 15,000 points in that same span of time. By comparison, it took 10 years (between 1997 to 2007) for the DOW to grow from 7000 to 14,000, just before the crash in 2008.
We hear so much from the far right about how Obama has hurt the economy. Hm. Looks like the economy is booming. The problem is, that it is not translating to the average person in this country.
Some economic experts have cited that the reason the stock market has done so well, is directly related to said wage stagnation. So, to put it simply, the wealth is being gained by screwing over the working class who are the ones creating the wealth for the wealthiest.
If this trend continues, I suggest we open up a local Pitch Fork And Torches business to sell to the hordes of people who may well be itching to storm the "castles." Wouldn't it be interesting if the whole 2nd Amendment thing backfires (yeah, I said it) and helps the uprising of the poor and screwed over. It would warm my heart to see huge packs of rabid liberals taking advantage of the 2nd Amendment misinterpretation and making the far right doubly regret the path of greed and corruption that they have gleefully skipped along.