Fighting IlliniThis is the lead of that story, I will take it apart for you to make my arguement: "WASHINGTON (AP) --"Bolstering education and training -- rather than erecting trade barriers -- would help narrow the economic gap between low- and high-income workers, Federal Reserve Chairman Ben Bernanke said Tuesday."
Secondly, He says that the gap betseen HIGH INCOME WORKERS AND LOW INCOME WORKERS WOULD BE NARROWED. That is PURE CLAPTRAP.
This is the conclusion Bernanke reaches: "In 1979, a full-time worker close to the top of the wage scale earned about 3.7 times as much as a full-time worker near the bottom of the wage rung. Reflecting the relatively fast growth of wages of higher-paid workers, workers near the top of the wage scale today earn about 4.7 times as much as those near the bottom, Bernanke said.
Bernanke, while exploring various possible forces behind this, did not offer specific policy solutions. That, he said, must be left to politicians."
He is consistant, he concludes that Better educated people earn more money that less educated people.
Due to complaints, legitimate complaints indeed. I have greatly reduced the size of this tome, but I have also reproduced a somewhat edited, for general consumption, version of that reply at
http://wikipolitics.politicslobby.com/index.php?title=Wage_Disparity_and_TaxesFeel free to read all 15 thousand bytes of it.
FINAL NOTICE: TH TH TH THAT'S ALL FOLKS!!!!