Where has the middle class gone?

Discussion in 'Economy' started by workingevolutio, Oct 29, 2007.

  1. workingevolutio
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    workingevolutio Rookie

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    Is it just me, or is the middle class disappearing. It seems that nowadays we have poor people, really poor people, and really really rich people. I was reading an article the other day that said in 2005 or 2006 a millionaire could still be on the Forbes 400. Now, they're all billionaires, and there isn't room for a millionaire. Not to mention poverty is up, employment is down, and most of the people in this country don't have health insurance. Does anyone else find this incredibly wrong?
     
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  2. indago
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    indago VIP Member

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    Journalists Robin Toner, and Kate Zernike, writing for the New York Times, wrote about the newly elected Democrats, who, having won the majority of the Congress, will now have to produce, dealing with, among other things, "the loss of manufacturing jobs".

    I don't know why they will bother with that particular item: they already have. They knew damned well what they were doing over a decade ago when they supported — and right along with the Republicans — the free trade agreements, and the fast track legislation, that gave the President the power to implement them. It would be hypocritical of them to now, after the fact, decide that something must be done, when something has already been done. How are they going to uncreate something that they have created? I am reminded of the scene in the movie "Cold Mountain". Ruby, played by Renee Zellweger, disgusted with the war, lamented: "Every piece of this is a man's bullshit. They call this war a cloud over the land, but they made the weather. Then they stand in the rain and say: shit! It's raining!"
     
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  3. RetiredGySgt
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    RetiredGySgt Platinum Member

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    Ignoring all the other pap, provide evidence that employment is down. Perhaps a chart to show us unemployment during the last 7 years.

    Ohh and a reminder, 6 percent and less unemployment is considered FULL employment.
     
  4. indago
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    indago VIP Member

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    I can't post links here...
     
  5. RetiredGySgt
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    RetiredGySgt Platinum Member

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    You can in 10 posts.
     
  6. Shogun
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    Shogun Free: Mudholes Stomped

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    indeed, employment rates probably say all kinds of things about the shrinking middle class, eh duder?

    You are not purposefully ignoring a variable here, are you?

    :redface:
     
  7. indago
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    indago VIP Member

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    Bureau of Labor Statistics, Table A-12, Measure U-6. Unemployment Rate September: 8.4%

    Journalist Geraldine Fabrikant reported for the New York Times 13 February 2007:
    Journalist Claudia Deutsh reported for the New York Times 9 February 2007:
    Journalist Ian Austen reported for the New York Times 8 February 2007:
    Journalist Andrew Pollack reported for the New York Times 23 January 2007:
    It just goes on, and on, and...
     
  8. indago
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    indago VIP Member

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    Journalist Steven R. Weisman reported for the New York Times 14 February 2007:
    Journalist Peter Jackson reported for the Associated Press 15 February 2007:
    Bloomberg News reported 15 February 2007:
    Reuters reported 14 February 2007:
    Journalist Micheline Maynard reported for the New York Times 14 February 2007:
    It just goes on, and on, and...
     
  9. indago
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    indago VIP Member

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    OhioRebel posted on ePluribus Media™ 10 December 2006:
    Journalist Matthew J. Malone reported for the New York Times 6 December 2006:
    Journalist Charlie LeDuff reported for the New York Times 30 October 2006:
    Bloomberg News reported 4 October 2006:
    It just goes on, and on, and...
     
  10. indago
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    indago VIP Member

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    Journalist Alex Berenson reported for the New York Times 29 November 2005:
    The Associated Press reported 5 October 2005:
    The Associated Press reported 21 September 2005:
    Journalist Jennifer Bayot reported for the New York Times 16 September 2005:
    Journalist Eric O'Keefe reported for the New York Times 23 July 2005:
    It just goes on, and on, and...
     

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