georgephillip
Diamond Member
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- #3,321
Neoliberal economics hollowed out the US middle class after FDR's New Deal and the GI Bill created the biggest such economic cohort in world history.The siren song of 'get-rich-quick-without-getting-hands-dirty-by-going-to-college' hollowed out the working class allowing immigrants to fill the void. Prior to that Americans did those jobs.
"The gap between the rich and poor has risen dramatically since the 1980s. Real inflation-adjusted income to the Middle Class has been almost completely flat for decades.
"The poverty rate has increased significantly since the early-2000s. And the Labor Force Participation Rate has been falling and is at its lowest level in recorded history."
Neoliberal Case Study: The United States - Gini Foundation