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On 11/18/13 3:14 PM, Charlie wrote:
Don't lots of Columbia IT employees earn well above median wage (currently about $770 a week for full time workers)? The amounts in typical accounts are far too small to provide a comfortable retirement on top of Social Security. 401K accounts exacerbate wage inequality, because it is easier for a higher-income employee to save a given percentage of earnings, while lower-income workers must spend on current basic needs.
Of course they make more than the median wage, but so do UPS drivers, coal miners in surface pits in the Iron Range of Minnesota, railroad switchmen and repairmen like Jon Flanders, and many other industrial workers who supposedly constitute the heavy battalions of proletarian resistance. The truth is that these workers are not being impacted in the same way as Greeks or Spaniards--at least not now.
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