US income inequality continues to grow

[GMDino]

(07-24-2018, 12:36 PM)fredtoast Wrote: "Work your way up" where?

If  company hires thousands of employees they are not all going to move up to higher positions.  There will always be a lot more lower wage jobs than higher paying management jobs.

Your formula is impossible because it is impossible for every person to work up to a higher position.  There are a limited number of jobs so it is ridiculous to just tell everyone to get a better job.

It is like telling every team that if they work hard they will win the championship when you already know that only one team will win the championship.  

Exactly.

It used to be that the lower wage workers at least got raises if they didn't "move up".  Even that is a dying thing.

Unemployment is at historical lows...and wages aren't going up.  That's a problem.