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I received a meme in my Facebook feed recently about the record high stock market as it relates to what real people are going through. I addressed it on my Politics Done Right on KPFT 90.1 FM Houston show with input from our millennial engineer Lupita. Watch this snippet with her input which gives a good perspective.
The Stock Market is no indicator of the economic state of the masses.
The next time you feel poor, and can’t fill your gas tank, and you hold back tears trying to put together a grocery trip that can get you and your family through the week on just $40, remember that the stock market is at a record high and America is great again.
My response on Facebook: Exactly. Only a few partaking of this “great economy.” Ask yourself a question. Why aren’t wages going way up with so little unemployment? Does supply and demand work no more. It is not about economics 101 anymore. It is about a rigged economy with a population manipulated to believe this is all they can strive for and anything different is on the fringe. Well I say, these hoarders are the fringe and it is my job along with the job of every progressive activist out there to shine the light on the truth and disinfect the pathogens,
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Egberto
Please do not frame the problem — low incomes — as pertaining to Millenials rather than Baby Boomies. I think that is important because so many elder voters seem inclined to vote for Joe Biden However, Bernie is eager to help Boomies, while Biden is disinterested. For example, Bernie’s idea for Social Security is expansion (i.e., increase retirement payments to low-income recipients). All I found on Biden’s website was “protect” Social Security. Moreover, you may recall that Obama wanted to reduce Social Security payments in order to get a “grand bargain.” I don’t know if Joe was involved in that subterfuge, but the difference between Bernie and Biden is not being stressed at all. I haven’t heard Bernie mention it, either. Isn’t taking money away from retired people important to the victims?
This problem is always with us, since employers always want to get as much productivity for as little pay as possible. That has been exacerbated at least since 1981, because reagan’sRevolution, which is neo-liberalism, intentionally eliminated or destroyed New Deal-related forces (e.g.,unions and government regulations) that made the employers pay what employees were owed. People of all ages should understand that without force employees always will be paid the lowest possible wages and salaries.
Excellent comment. I will be using it on Politics Done Right today and likely place in a national blog. Thank you.