chrisn-585491 (6/18/2012)
What exactly is scary?
The last time the US income disparity was at this point was right before the Great Depression. :w00t:
Imagine the economy as a database server. Right now the consumer economy of the US is I/O starved. If you are in a high paying career such as many of the folks that post here, it doesn't seem so bad does it? Imagine the US as Mexico.
I understand that - but if you take into account the previous boom/bust cycles, you see that there's an ebb and flow to the concentration of income, usually inversely proportional to the pace of growth of disruptive techonologies. The last "low" point was while the computer revolution occurred, where a LOT of new opportunities came to be. Before that was steam, and before that was heavy taylorization and the indsturial process.
Income disparity by itself doesn't explain or predict those things. There are a LOT of similarities you're not picking up on: very high debt to GDP ratios, explosive growth of the government, housing demand slumps, and crippling large legislations all started hitting hard during that time as well, just to name a few others.
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Your lack of planning does not constitute an emergency on my part...unless you're my manager...or a director and above...or a really loud-spoken end-user..All right - what was my emergency again?