Posts Tagged ‘Economy’
Yep. You read that title right: As far as earning potential goes, Cab Driver > Doctor (or Engineer, for that matter). Where they do that at? Cuba (read the title)! But you may also think to ask, ‘WHY and HOW does the societal value of driver work out to be higher than that of a degreed medical practitioner?’ Well, the above mini-documentary will explain. But bet that you will still find yourself saying ‘wowwww!’ Especially when you hear what an average Cuban earns in salary each month…
In Cuba, cab drivers are the one percent.
Cuba’s economy works as a central planning model, where government ministries dole out resources and set everything from prices to inventories to salaries. The fact that a taxi driver can make so much more than a physician is a reflection of the Cuban government’s heavy focus on tourism. For years, the central planning apparatus has valued tourism as a key mechanism for both bringing in revenue as well as propagating the idea that Cuba is thriving. Many pesos are collected by the high prices on everything related to the tourism industry.
The American Dream is threatened by a rapidly shrinking middle class. Millions of Americans are strapped with debt, higher costs of living and lower paychecks. How did it get so bad?
This AJ+ is a must watch. Cuts through high brow talk and all the political discourse about the direction of the U.S. economy. The so-called middle class that most of us want to get into or climb through… it’s damn near gone. Adjusted median household income is less now than it was in 1989… nineteen-eighty-f##cking-NINE!! And as a people we are getting deeper into debt, facing higher costs of living and barriers to access to healthcare and advanced education…
Enough. Dammit enough!!!
We are in deep trouble. We knew that, but this video clears the waters so we can see how deep. Watch. And this campaign season, while you are deciding who (or whether) to vote for as the Presidential candidate of your choice next year, THINK… Who is talking real talk about FIXING THIS SH!T?
If you were out like me last night, you missed the President’s State Of The Union address. Judging from reading many people’s tweets on twitter the President did a good job & many of his talking points checked out. Here is last nights State Of The Union address in its entirety.
Warren Buffet was the first & one of the few billionaires to speak out about what’s going on in America with billionaires, millionaires, & corporations getting ridiculous tax breaks while the average American citizen is paying more in taxes year after year. Russell Simmons spoke out recently about these disparities that are serious affecting the country and later added in that he’s paid less taxes than all of his employees combined. He also lent his support to the protestors Occupying Wall Street.