Main reaaon for economic poverty in USA ?

[maxinger]

Main reaaon for economic poverty in USA ?


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Main reaaoan for economic power in USA ?

 

[notagain]

Shipped to many jobs overseas.
Rich get richer even though they just piss the money away.
Automation, anti union fanaticism.
Hatred for populism.
Unions sold out or were defenseless against corruption.

 

[PennySnatch]

Main reaaon for economic poverty in USA ?
Main reaaoan for economic power in USA ?

I think the answer is partly because of Vilfredo Pareto, and his well known Pareto Principle, i.e. the 80/20 rule of some systems. Applying this to socioeconomics we have 20% of the US population making 80% of the money, so now 80% of us are fighting it out for the remaining 20% of what's left over. While I was working a retail job in my early 20s my boss, a short heavy set Russian named Dave came up to me once and asked me, "You know why 20% of people make 80% of money? I said, "No." He said, "Because make money very hard." Then he slapped me on the back of the head and said, "Get back work."

I also heard/read somewhere, maybe here on ET, that if you were to take all of the money in the world and evenly distribute it across the entire population giving everyone an equal economic start, that in a very short period of time say 5-10 years you would wind up with 20% of the people controlling or earning 80% of the money. IOW right back to where we are today.

From what I have experienced in my 59 years of life, living and competing here on good ol' planet Earth I believe that this is true. It's just the way humans are.

 

[DaveV]

I think the answer is partly because of Vilfredo Pareto, and his well known Pareto Principle, i.e. the 80/20 rule of some systems. Applying this to socioeconomics we have 20% of the US population making 80% of the money ...

Actually the top 20% only make 53% of the income. Perhaps you are thinking of wealth, where the top 10% own 72% of the total wealth.

https://www.statista.com/statistics/203247/shares-of-household-income-of-quintiles-in-the-us/#:~:text=About 52.7 percent of the,20 percent of the workers.

 

[TheDawn]

What would all of you say the biggest reason for poverty in the USA is today in 2022?
I would say poor choices/ bad decision making tops the list .
Any thoughts?

Over-stimulus checks!!

 

[Scholias Hod]

Complacency is the biggest reason for poverty in the States. People need to work hard the same way the people did 200 years ago when they built America.

 

[Nine_Ender]

Low iq, low work ethic, mental health issues (that negatively effect your work).

The ideal would be someone with High IQ, High work Ethic and no Mental health issues.

Even how hard you work is something you are born with. You can probably boost it a little bit for while. But will probably baseline back to your natural level.

This is complete crap.

 

[SunTrader]

That is a good thing. The senate was created to prevent the small states of the US being dominated by the big states .

So instead we got the opposite. Land gets more sway than voices.

 

[easymon1]

the biggest reason for poverty in the USA is today in 2022?

Main reaaon for economic poverty in USA ? - https://www.dogpile.com/serp?q=Main+reaaon+for+economic+poverty+in+USA

 

[mervyn]

There is no particular reason. Everywhere in the world is the same before the pyramid. Human and animal world are structured the same - alphas and providers rule.

Don't feel sad if you are not on the top, nor feel bad if you are in poverty.