Education will Cut Income Gap

Fighting Illini

This 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_Taxes
Feel free to read all 15 thousand bytes of it.


FINAL NOTICE: TH TH TH THAT'S ALL FOLKS!!!!

So, in short you talk about some regulation and taxing more. You could have made it short and simple. I am glad Bernanke has more of a say than you. Ed, if Hillary, Barack, or John become president they might need you to guide them on their tax hikes.

quote:

Originally posted by Fighting Illini:
So, in short you talk about some regulation and taxing more. You could have made it short and simple. I am glad Bernanke has more of a say than you. Ed, if Hillary, Barack, or John become president they might need you to guide them on their tax hikes.

I resent your saying that Bernanke has more to say than I do. Read my response. HOWEVER, the article is not a reprint of the speech it is a cherry picked speech delivered to experts.
You may be an expert, I don't know, I am not a recognized expert, but in most cases I can at least converse with an expert on economic matters.
I can also converse with experts in other fields, that is what I did for a living. I am retired from Journalism, but I did general assignments for decades. I have had conversations with people like Bernanke on a professional level more than once.

I want to direct your attention to my response to Bernanke.http://wikipolitics.politicslobby.com/index.php?title=Wage_Disparity_and_Taxes

Ed, I respect your opinions but the fact that you think your word goes as far as Bernanke's says alot about your ego. Just because you are a flaming liberal journalist who asked important people questions and also has alot of information at your finger tips doesn't make you any more qualified than me. I majored in economics not journalism and I will be the first to admit that Bernanke is on a different level than about 99% of this country when it comes to his expertise.