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The American Middle Class Hasn’t Gotten A Raise In 15 Years
Five Thirty Eight ^
| 22 Sept 2014
| Ben Casselman
Posted on 09/22/2014 8:29:16 PM PDT by Theoria
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1
posted on
09/22/2014 8:29:16 PM PDT
by
Theoria
2
posted on
09/22/2014 8:29:46 PM PDT
by
Theoria
(I should never have surrendered. I should have fought until I was the last man alive)
To: Theoria
The good news is that the parasite class that doesn’t work and the federal apparatchiks are partying like it’s 1999!
3
posted on
09/22/2014 8:33:08 PM PDT
by
Rome2000
To: Theoria
In sales, one receives a “raise” every time they sell an extra item or service. As a per hour or salary slave, you are at the whim of the employer.
4
posted on
09/22/2014 8:33:50 PM PDT
by
2ndDivisionVet
(The question isn't who is going to let me; it's who is going to stop me.)
To: Theoria
In hindsight 9-11 marked the beginning of the end of American economic power.
5
posted on
09/22/2014 8:38:15 PM PDT
by
TexasFreeper2009
(Obama lied .. the economy died.)
To: Theoria
What is interesting is that all changes that have taken place are as a result of government policy, not because of individual choice.
6
posted on
09/22/2014 8:40:25 PM PDT
by
Cowboy Bob
(They are called "Liberals" because the word "parasite" was already taken.)
To: 2ndDivisionVet
And in sales you get a raise every time there’s a price increase.
7
posted on
09/22/2014 8:47:30 PM PDT
by
VerySadAmerican
(Liberals were raised by women or wimps. And they're all stupid.)
To: Theoria
Their raise was spent on domestic social programs, wasted on wars in Iraq and Afghanistan and unappreciated foreign aid that ended up in the wrong pockets.
8
posted on
09/22/2014 8:53:44 PM PDT
by
353FMG
To: Rome2000
What is the income of the “parasite class”? I guess it is low, so that the growth of this class will pull down the median income. So if the median income is the same, and the parasite class has grown, the median wage earner income must have grown too.
Go Bears!!!
9
posted on
09/22/2014 8:54:24 PM PDT
by
dr_lew
To: Theoria
Let's see... Middle class stuck with the same wages that they had during Reagan's time. Minimum wage has nearly doubled in most states in that same period.
Middle class benefits have decreased since the Reagan years, and drastically increased for minimum wage earners.
The qualification for household income for government assistance has more than tripled since the Reagan years, and of course, middle class households do not need to bother looking.
A ‘household’ who earns 18,000 a year with two kids (nevermind if one or both of the adults (or more adults) are earning wages under the table) can land nearly $32,000 a year in benefits (health insurance, vision, dental, food stamps, cash assistance, WIC, rent assistance, low priced cable, telephone, internet, electricity, gas...) That pushes them up into nearly median household income, and once you add in the under the table wages, pushes them straight into the middle class.
Meanwhile, taxes for everything have gone up, and of course, legislatures across the country want to raise it even futher.
10
posted on
09/22/2014 8:55:51 PM PDT
by
kingu
(Everything starts with slashing the size and scope of the federal government.)
To: Theoria
Twenty-five years later, Americans are older, more diverse and more educated. We are less likely to be married and more likely to live alone. Work is divided more evenly between the sexes. One thing that hasnt changed? The income of the median U.S. household is still just under $52,000. The governments release last week of income and poverty data for 2013 brought renewed attention to the apparent stagnation of the American middle class not just since the financial crisis hit six years ago this month, but for much of the decade that preceded the crash. The report showed that the economic recovery has yet to translate into higher incomes for the typical American family. After adjusting for inflation, U.S. median household income is still 8 percent lower than it was before the recession, 9 percent lower than at its peak in 1999, and essentially unchanged since the end of the Reagan administration.PFL
11
posted on
09/22/2014 8:56:56 PM PDT
by
Alex Murphy
("the defacto Leader of the FR Calvinist Protestant Brigades")
To: Theoria
It’s gotten so bad that last year I got a 1% raise and I was grateful.
12
posted on
09/22/2014 8:59:08 PM PDT
by
Minsc
To: kingu
the lower paid people where I work are just GLEEFUL at tax time because they know they'll get a nice $5000 check from me and the other taxpayers...
but the rest of us have to usually pay an accoutant, pay him, then pay the taxman as if what they take out each paycheck isn't enough...
13
posted on
09/22/2014 8:59:47 PM PDT
by
cherry
To: Theoria
Progressives do not want a middle class.
Just the 1% and the peons.
14
posted on
09/22/2014 9:02:42 PM PDT
by
bobo1
(progressives=commies/fascists)
To: Theoria
Fairly misleading. Do those charts with trend lines so the sharp ups and downs average out, and the turn is 2007/8. The millenium bubble is the high, but it was a brief IT/ internet/stock market bump that evened out.
15
posted on
09/22/2014 9:07:17 PM PDT
by
ilgipper
To: TexasFreeper2009
In hindsight 9-11 marked the beginning of the end of American economic power.
I think it started around 1973 or so, but I think if you had to pick a true moment when we "jumped the shark" economically, 9-11 is a huge part of that along with these endless wars and bungled strategy from Obongo in the last few years. Still the rot started in the Vietnam Era, hence 1973, had we not had a bad recession in the 1970's, perhaps we would have went further into space.
16
posted on
09/22/2014 9:10:02 PM PDT
by
Nowhere Man
(Mom I miss you! (8-20-1938 to 11-18-2013) Cancer sucks)
To: Theoria
Running massive trade deficits and sending 50,000 US manufacturing facilities to Asia will do that.
To: Nowhere Man; TexasFreeper2009
I'm going to say the prelude occurred in 1964 with Johnson's War on Poverty. The makings of the EBT/Obamaphone gimme, gimme class started there. Once this nation made poverty acceptable and removed the shame from collecting government assistance, we just went downhill from there. The decline started slowly, but it has accelerated at an alarming rate under the benevolent king in the White House.
To: Theoria
You think it’s bad now. just wait till we have to start paying the health costs, welfare, incarceration and school bills for all the illegals Obama is pumping into the country.
19
posted on
09/22/2014 9:19:56 PM PDT
by
Cubs Fan
(Where we're headed is worse than mere socialism http://en.metapedia.org/wiki/Anarcho-tyranny)
To: Theoria
Maybe people should work on their skills and keep their “tools” sharp and current.
In 1988 programmers/developers demanded good salaries. Nowdays the ability to program computers is a trade, at best. I can get a roomful of programmers for $5 an hour.
My skill is in determining WHAT needs to be programmed and WHY and HOW it solves the problem(s).
That is why salaries stagnate — people stagnate.
20
posted on
09/22/2014 9:25:26 PM PDT
by
freedumb2003
(AGW "Scientific method:" Draw your lines first, then plot your points)
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