Tuesday, November 12, 2013

Rich Get Richer

When the church thinks about growing we might want to consider who we want to aim for. In the United States CEOs of large corporations make over 260 times more than the average American worker 

In 2007, the top 1 percent earned 23.5 percent of all income. During the 1970s it was about 8 percent and in the 1990s around 16 percent. The people at the top are getting a bigger and bigger chunk of all income. In 2007 the top one-tenth of 1 percent took in 11 percent of total income.

Time is money. To buy a half gallon of milk a minimum wage earner must work 21 minutes the average wage earner 6.3 minutes and the typical CEO 1.9 seconds.  

To buy a tank of gasoline in 1963 the minimum wage earner had to work 3.4 hours today 8.4 hours.

In 1963 49 ozs of Tide laundry detergent cost .69 cents today $7.54, 1lb of bread in 1963 was .20 cents today $1.41. 1Lb of coffee in 1963 was .69 cents and today $3.53.

The longer one has been a believer the less one thinks like an unbeliever. If one has never worked for minimum wage one has no clue as to how tens of millions of people of the United States and over 1 billion people world wide live. In Sevier County I would not expect much help to pay for a multi million dollar building and the associated utility costs from people who on occasion have to choose between eating and buying gasoline for their car or eating and getting a prescription filled. 


John Jenkins
865-803-8179  cell
Gatlinburg, TN




Email: jrjenki@gmail.com
Blogs: http://littlepigeon.blogspot.com/
         http://alumcave.blogspot.com/


"I have always given it as my decided opinion that no nation has a right to intermeddle in the internal concerns of another; that every one has a right to form and adopt whatever government they liked best to live under themselves; and that if this country could, consistently with its engagements, maintain a strict neutrality and thereby preserve peace, it was bound to do so by motives of policy, interest, and every other consideration. 


- George Washington, from Letter to James Monroe, August 25,1796.


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