Dad likes to blame Reagan and Conservatives for the shrinking middle class when the income ceiling under which you're considered impoverished is roughly 3 times as large.
LOL, Sure Bubba, the MYTH you righties LOVE.
YOU MEAN AS THE TOP1% HAS RECEIVED 300% MORE INCOME YET CUT THE TAX BURDEN ON THAT MONEY BY 40%???
"Among the developed nations, we are the least economically and socially mobile country in the world."
—
Jeb Bush on Monday, October 27th, 2014 in a fundraising letter
POLIFACT: TRUE
U.S. is the least socially and economically mobile in developed world says Jeb Bush PolitiFact Florida
Harder for Americans to Rise From Lower Rungs
Americans enjoy less economic mobility than their peers in Canada and much of Western Europe. The mobility gap has been widely discussed in academic circles, but a sour season of mass unemployment and street protests has moved the discussion toward center stage.
http://www.nytimes.com/2012/01/05/u...ise-from-lower-rungs.html?pagewanted=all&_r=0
Republicans are low-information voters, and much more likely, as seen in this very comments section, to hang on to failed policy, like trickle-down theory, and blatant racism than the average citizen. Even the so-called 'moderate Republicans' stay quiet and let the least-informed among them do all the talking, and posting.
Instead of looking for the reason for this phenomena, you look for someone to vilify. It's a lot easier that way, isn't it?
But, let's discuss it ... WHY is it more difficult for lower class persons in the US to advance than it is in European countries? I know ... you don't have an answer, you only have somebody to vilify.
The American economy is significantly more technically advanced than Europe. Because of our increased labor rates (inflated, when compared to Europe), we have to be more efficient in production than do our European counterparts. The average annual household income in the US is about $51K, but in Spain, it is $22k, Italy $24K, England, it is $26K, France $28K, and Germany $29K. Obviously, in order for us to maintain that difference, we must be more efficient.
In order to be more efficient, we must be more technically advanced. We can't do it based on common labor; we need specialized labor. Specialized labor requires education. When you look at the list of European countries, as their technical capability increases, so does their average income.
So, we know what we need - an educated, talented, and dedicated workforce - something we don't have. Only about 33% of our workforce has education above the high school diploma level, and about 11% have some increased level of formal technical training. That means, simply, over 55% of our workforce is not qualified to perform meaningful work at the increased technical level. While there are still jobs for those with high school degrees, there are fewer jobs and greater competition for those jobs. These are increasingly service industry jobs, whether it be changing tires at the Big O or handling customer complaints at the call center. The time has passed for itinerant labor. It's not a case of employers being unwilling to train the uneducated - there just simply are fewer and fewer jobs of that type available.
Our education system is not equipped to provide the technical expertise necessary to advance in our economy today. If you look closely at the numbers for income growth, you'll find a different story than is popular with Democrats and liberals. The growth of income levels in the 5 - 25% level workers is amazing. These are the software engineers who make $150K a year, or the financial specialist who makes 6 figure salaries. People who are qualified to function in our economy do quite well.
What does this mean? It means either our unqualified workers have to get up the gumption to go get trained, or the government needs to carry whole generations of non-workers. We know that the government has programs to help people increase their expertise - but, we also know that the people who need it most, aren't availing themselves of it.
We have to ask ourselves why --- when I can make $60K on welfare in Hawaii, or a nationwide average of $41K, without working, without trying to advance myself, why would I do it? This is the permanent underclass that we have created - those who are unqualified (because of our failing education system) and those who are unmotivated (because of our welfare system).
THAT is the primary reason why we have such a significant wealth disparity. Of course, it's easier to just vilify somebody else, than to actually admit it and attack the problem.