The middle class has shrunk to below 50% of the population!

Ralphy1

Ralphy1

Well-known Member
According to a Pew research study this development has occurred as the upper class gained dramatically. We have heard about this shift but now the reality is hitting us. The middle class always dominated until now and is considered what made this country great. Can the shift be stopped and reversed?
 

It is basically based upon an income range from 25 to 75 thousand dollar a year income...
 

The most reasonable definition I have seen would be households making between $54,000 and $120,000. whether it takes one or two incomes... and now it usually takes two incomes to make that figure where in the past.. one earner could provide a middle class lifestyle for their family.
 
The loss of unions is a large factor in the disappearing middle class...
 
The middle class Has been bamboozled out of their best economic foundation by being kept focused on other matters, like foreign threats, the loss of their rights, etc. while the fox has been in the chicken coop. They have been sold a bill of goods that they shouldn't have to pay union dues and that defined pensions were no good, better to invest their own money, for a fee, of course...
 
Ralphy1 said:
The middle class Has been bamboozled out of their best economic foundation by being kept focused on other matters, like foreign threats, the loss of their rights, etc. while the fox has been in the chicken coop. They have been sold a bill of goods that they shouldn't have to pay union dues and that defined pensions were no good, better to invest their own money, for a fee, of course...
Click to expand...

As well as "ABORTION" and "GAY MARRIAGE" These issues... or the Gays, Guns and God issues have been focused on by the GOP as a shiny object for the Right to obsess over while they are robbing all of us blind
 
US Census data

The U.S. Census Bureau reported in September 2014 that:

  • U.S. real (inflation adjusted) median household income was $51,939 in 2013 versus $51,759 in 2012, statistically unchanged.
 
Inflation isn't the issue, but should it ever rise dramatically the poor and the homeless would overwhelm us...
 
Some of us are still hanging on to life boats but no more life boats are being lowered...
 
Well we have virtual laissez-faire capitalism people. So it should be very apparent that since Reagan (and his union busting) various so-called 'trade agreements' that economy doesn't need to and does not...serve society. Society serves the economy.

In America, you either make a profit for yourself or somebody else, or you can just go ahead and go to jail or.....who cares.
 
Ralphy1 said:
According to a Pew research study this development has occurred as the upper class gained dramatically. We have heard about this shift but now the reality is hitting us. The middle class always dominated until now and is considered what made this country great. Can the shift be stopped and reversed?
Click to expand...

It's changed but so have the variables including foreign competition. Just about everything on the US economy until about the 1970s was made in the US which dumped money right back into the economy. Technology has eliminated many skill & administrative jobs in which it sometimes took an entire building which had to be built & maintained which means even more jobs & pay gone. Projects including big capital projects are completed faster with technology(example cordless power tools) which eliminates steady work and overtime which was a staple of many middle class wage earners. Many companies used to train in house now companies outsource their training to colleges, trade schools and/or certifications programs or import a skill or need from another country. These are some of the affects on the middle class.

Union busting is "a" reason for the declining middle class but is an over used and over simplification of the issues. And I used to be in a union.
 
Wrong God, as the God of Mammon rules the waves today...
 

You must log in or register to reply here.

Back
Top