US: Inequalities causing slower growth

[MadImmortalMan]

My family is like a vortex that pulls all my cash into it. All I can do it make it faster than they suck it in. 

[Monoriu]

My family is like a vortex that pulls all my cash into it. All I can do it make it faster than they suck it in. 

So the thread title should be - US: Family members causing slower growth

[Josquius]

Where's the exec summ?

Apparently we need to get more people in college.

But you can't give jobs to even those who have been, right?

[CountDeMoney]

Where's the exec summ?

Apparently we need to get more people in college.

But you can't give jobs to even those who have been, right?

What's the point if nobody's hiring anyway.  College is just the new Midnight Basketball.
Keep 'em off the streets.

[derspiess]

Where's the exec summ?

Apparently we need to get more people in college.

But you can't give jobs to even those who have been, right?

Doesn't matter.  People with degrees tend to have higher salaries.  Ergo the solution: MOAR COLLIDGE

[crazy canuck]

Where's the exec summ?

Apparently we need to get more people in college.

But you can't give jobs to even those who have been, right?

Doesn't matter.  People with degrees tend to have higher salaries.  Ergo the solution: MOAR COLLIDGE

More to the point more people should be able to attend post secondary educational instutions at a more reasonable cost if society wishes to deal with wage inequality.   

[garbon]

Where's the exec summ?

That presumably educated people cant read a short article in the first post of a thread.

When I posted there were only hyperlinks in the OP.

[crazy canuck]

Where's the exec summ?

That presumably educated people cant read a short article in the first post of a thread.

When I posted there were only hyperlinks in the OP.

You are forgiven

[The Minsky Moment]

I haven't gotten round to reading the S&P study, probably never will.
John Cochrane has a pretty brutal takedown: http://johnhcochrane.blogspot.com/2014/08/s-economists-and-inequality.html
I disagree with him on a lot of stuff but he makes some good points here.  Don't know how fairly he has characterized the study, though.

The traditional view has been that inequality is *positively* correlated with growth, at least in the developmental stage.  A lot of the literature in the area involves attacking that supposed connection and it is no longer widely accepted, at least without big reservation.  The argument that inequality is *negatively* correlated with growth because of variances in propensities to consume has been around for a while too, but I think is a misreading of Keynes.

Barring unusual situations, I think the connection between inequality and long-run growth is ambiguous, and there aren't hugely compelling reasons to conclude is it is materially different from zero.

[Siege]

Bullshit. As Reagan said, a rising tide raises all boats.

Inequality is not the problem. Weakeaned economy by retarded regulations and ideological policies are the cause of lack of jobs and poverty.

[Admiral Yi]

Which regulations and policies would you like to see changed?

[Siege]

Yi, this is Siege.
Too much alcohol in  m=y blood system, break.
Tomorroe I shall answer your bait question, break.
You know already all the answers.
Siege out.

[Admiral Yi]

10-4

[Siege]

Haha, are you a fucking cop?
When I was a private, back in 2005, I said 10-4 over the net, and my team leader made me do 100 push ups for saying that.
In the US Army we say Roger, Good copy, Copy that, Wilco, or Acknowledged.
Never 10-4.

[Eddie Teach]

10-4. Over and out.