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Investing/Strategies / Mechanical Investing
|Subject: Re: OT: Wealth||Date: 3/7/2013 12:25 PM|
|Author: MoeBruin||Number: 242138 of 258126|
I am all for a mobile society but the problem is that our society is becoming less mobile and more of a pure "class" society.
I like you was able through my life time to see the transformation from my grandparents who started dirt poor, to my parent who were lower middle class to myself who isn't in the top 1% but is in the top 3 or 4%.
However, I am deeply concerned about how much harder it would have been to repeat it today.
For example, I went to school at UCLA. Cost per year when I went there $694 a year. Cost today for in state (w/o room and board) $17,000.
When I started my current job, I had full health coverage and a pension plan. The joke was at my company you might not be able to get rich working there but you can sure retire nice. Today you pay 25% of your health care cost (because it is a good generous company relative to many) but no pension plan at all.
When I started working in my field the Computer and Engineering field was expanding: average raise per employee over that 5 year period about 7%: average raise per executive: 7%. Today average employee: 2% CEO and top executives: 23%. Executive compensation 1982: $1 Million Exec