JimBowie1958
Old Fogey
- Sep 25, 2011
- 63,590
- 16,829
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The US Oligarchs are the people most in favor of the Trans Pacific Partnership 'Agreement' (not treaty!, lol), and their biggest engine driving more globalism is the leadership of the Republican Party. They push this globalism in disguise as 'free trade' (i.e. unfair trade that screws American workers) and 'tolerance' (tolerance for people who enter the nation illegally and take their jobs).
The net result of this is that the Oligarchs are killing the Goose that Lays the Golden Eggs. The consumer economy built since the 1930s and that pulled us out of the Great Depression (with help from the Germans and Japanese by providing targets in WW2, thank you guys!) that consumer economy was driven by an immense consumer class of average Middle Class Americans who could and would, with a little advertising encouragement, buy all the unhealthy wasteful crap that was sold to them via the corporate owned media.
In the 1990's after corporate incentives to hire American workers went away, the Oligarchs discovered that they could cheat the system, by using cheap foreign labor in places like Indonesia, Vietnam and China to make their schlock and then still sell it to an ever more gullible and hedonistic American consumer market that was generally still healthy from the previous decades of nurturing the consumer markets.
But so many other Oligarch cheats have caught on to this strategy that we have witnessed a whole sale race out of the US to make cheap crap while still claiming the benefits of being an 'American' corporation that the consumer market, the American 'Buy It Anyway' Middle Class, is finally collapsing before our eyes. And what couldnt be exported (with the jobs) to China is being converted to in-country cheap labor by abusing the H1-B visa program or using illegal black market labor.
And here we have a snapshot of the Middle Class of this year. Do you like it? It's only going to get WORSE.
How the Globalists Stole Christmas
The American middle class, the economic engine of the U.S.’s once-thriving post World War II society, is fighting for its very survival against the forces of globalization, technology and immigration.
A new study by Pew Research Center shows that the middle class is withering away. Even using Pew’s generous definition of the middle class as between $42,000 and $126,000 in annual income for a household of three, this group shrank from 61 percent of the population in 1971 to just 50 percent in 2015.
Not only is it disappearing, but the middle class is getting poorer. The median income for the group in 2015 is four percent lower than in 2000, and the middle class’s share of total income in the U.S. over this period fell from 62 percent to just 43 percent.
The findings are a sharp indictment of President Obama’s “middle class economics” strategy. It has sought to bolster Middle America through expanded government programs, wealth transfers, minimum wage hikes and stricter labor regulations. Meantime, Obama allows low-wage – or no-wage – immigrants to pour in.
Instead of closing the income gap, these efforts have only served to exacerbate it. Yet the administration still remains mystified as to how society is becoming poorer despite its benevolent social engineering.
“You have seen a hollowing out of the middle of the income distribution and there’s neither one cause for it nor a single answer,” Jason Furman, chair of the White House Council of Economic Advisors, told the Financial Times.
In light of this, it’s not hard to understand why populist candidates like Donald Trump and his pledge to “Make America Great Again,” or even the extreme brand of socialism from Bernie Sanders have become so popular.
The stratification of society, diminishing living standards among the working classes, diminishing economic opportunities and record-high distrust of Washington bureaucrats make the idea of blowing up the entire political establishment much more appealing.
Indeed, the Pew study vindicates what these disgruntled voters have been saying all along. The gains from trade, globalization and technology are largely accruing to the upper class — which saw its ranks and share of income surge. Meantime, outsourcing and unchecked immigration are putting downward pressure on wages for blue collar work.
The net result of this is that the Oligarchs are killing the Goose that Lays the Golden Eggs. The consumer economy built since the 1930s and that pulled us out of the Great Depression (with help from the Germans and Japanese by providing targets in WW2, thank you guys!) that consumer economy was driven by an immense consumer class of average Middle Class Americans who could and would, with a little advertising encouragement, buy all the unhealthy wasteful crap that was sold to them via the corporate owned media.
In the 1990's after corporate incentives to hire American workers went away, the Oligarchs discovered that they could cheat the system, by using cheap foreign labor in places like Indonesia, Vietnam and China to make their schlock and then still sell it to an ever more gullible and hedonistic American consumer market that was generally still healthy from the previous decades of nurturing the consumer markets.
But so many other Oligarch cheats have caught on to this strategy that we have witnessed a whole sale race out of the US to make cheap crap while still claiming the benefits of being an 'American' corporation that the consumer market, the American 'Buy It Anyway' Middle Class, is finally collapsing before our eyes. And what couldnt be exported (with the jobs) to China is being converted to in-country cheap labor by abusing the H1-B visa program or using illegal black market labor.
And here we have a snapshot of the Middle Class of this year. Do you like it? It's only going to get WORSE.
How the Globalists Stole Christmas
The American middle class, the economic engine of the U.S.’s once-thriving post World War II society, is fighting for its very survival against the forces of globalization, technology and immigration.
A new study by Pew Research Center shows that the middle class is withering away. Even using Pew’s generous definition of the middle class as between $42,000 and $126,000 in annual income for a household of three, this group shrank from 61 percent of the population in 1971 to just 50 percent in 2015.
Not only is it disappearing, but the middle class is getting poorer. The median income for the group in 2015 is four percent lower than in 2000, and the middle class’s share of total income in the U.S. over this period fell from 62 percent to just 43 percent.
The findings are a sharp indictment of President Obama’s “middle class economics” strategy. It has sought to bolster Middle America through expanded government programs, wealth transfers, minimum wage hikes and stricter labor regulations. Meantime, Obama allows low-wage – or no-wage – immigrants to pour in.
Instead of closing the income gap, these efforts have only served to exacerbate it. Yet the administration still remains mystified as to how society is becoming poorer despite its benevolent social engineering.
“You have seen a hollowing out of the middle of the income distribution and there’s neither one cause for it nor a single answer,” Jason Furman, chair of the White House Council of Economic Advisors, told the Financial Times.
In light of this, it’s not hard to understand why populist candidates like Donald Trump and his pledge to “Make America Great Again,” or even the extreme brand of socialism from Bernie Sanders have become so popular.
The stratification of society, diminishing living standards among the working classes, diminishing economic opportunities and record-high distrust of Washington bureaucrats make the idea of blowing up the entire political establishment much more appealing.
Indeed, the Pew study vindicates what these disgruntled voters have been saying all along. The gains from trade, globalization and technology are largely accruing to the upper class — which saw its ranks and share of income surge. Meantime, outsourcing and unchecked immigration are putting downward pressure on wages for blue collar work.
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