Posted on 09/19/2016 4:13:27 PM PDT by TBP
This sudden soar in middle-class incomes is actually 1.6 percent less than in 2007, the last year before the economy collapsed.
The richest 5 percent of the country continue to flourish, with a 21.8 percent jump in income. The top 5 percent reported over $350,000 in earnings — up 4.9 percent from 1999 and nearly 40 percent more than 1989.
Meanwhile, the poorest Americans — 14.8 percent of the total population, or 46.7 million — are even poorer than they were in 1989.
The highest household incomes were reported in Maryland and Washington, DC — at an average of $75,000 — while Mississippi reported the lowest, at $40,539. Mississippi’s incomes haven’t budged since 2014.
Is it any wonder that average Americans — and to be average is to be struggling — feel career politicians in Washington, DC, don’t care about them?
(Excerpt) Read more at nypost.com ...
This could be a major advantage for Trump. But if Hillary wins, they could get locked in.
Bookmark
Destruction of the middle-class is a hidden plank of the democratic party.
Middle class= economically independent private sector workers and small businesses.
The plan: Get them all on the dole or into gov work/military.
It’s called “Marxism”, “socialism”, “communism”.
Karl Marx HATED the middle class.
He HATED them.
You can NOT use Marx’s ideas to help the middle class.
It’s not possible.
But you middle class Marxists keep voting for it. :)
Sex with robots sounds interesting.
.
Ha, why worry?
Underclass, schmunderclass.
Who needs to work when you got EBT, Obamacare, mom’s basement, and Pokemon Go!
/s
Thanks for posting this real state of the union article -
RE: “A long but excellent analysis of how almost half of America is in danger of becoming the permanent underclass the progressives dream of creating.
This could be a major advantage for Trump. But if Hillary wins, they could get locked in.”
The fallacy of this type of analysis is that the folks in each quintile are not the same folks year after year. People who are in the bottom 20% move up and those in the top 20% often move down. Some times rich people lose their jobs. The bottom earners are often younger people just starting out and they do earn more as they become better educated or higher skilled.
Good evening.
There is a reason that 94 million able bodied Americans are not working and the U3 is 5%.
Eighty percent of all jobs created since the “recovery summer,” are part time jobs and most able bodied Americans have two of them.
Oh, and pick which “recovery summer,” you want to use.
This analysis doesn’t even count illegal, H1b, etc.
0bama and his regime are directly responsible for this.
5.56mm
Communism cant work with a middle class. Thats why he hated them.
The middle class also refutes communism by its existence.
Some people have had robotic sex — but not with robots.
It will weed out the liberal secular hedonists very quickly, since they won’t have to bother with anything that risks reproduction.
I had a recent discussion with a grad student on how automation and artificial intelligence would be bad for the human race - like the 1% of homosexual men being able to demean women because they don’t rely on them for anything now becoming 10% of men who don’t need them or care. There was dead silence on the issue until I was told I could understand it; then I reminded them of my engineering degree and IT background, plus the huge number of men already addicted to porn - and you’re going to see them moving to robots quickly.
I had a long argument on how the singularity/automation push is bad for society with several AI grad students recently.
The upper class/ elite assume that everyone will enjoy recreation and intelligent pursuits and volunteer more when they don’t have to do dirty jobs.
I brought up how they already have a sample of this in inner cities where the factories closed, everyone is on welfare. End result, low engagement because they feel they don’t matter, high crime. Automate all these jobs, you’ll just get more of what we know is bad for society.
There is a massive class gap for the younger generation. Just because someone with a master’s degree feels the job is demeaning doesn’t mean someone with an average IQ or below average one does. The “upper class” thinks it is bad, boring and should go. I brought up that the physically demanding job gives them identity, socialization, purpose. The people most likely to volunteer aren’t the unemployed but the person with a job. The ones at the schools most active are the ones involve in other ways. Mass unemployment means more mass unrest. More crime, more addiction, more broken families ... everything they think automation will solve.
I was asked about my experience with automation and talked about working in a factory as a manufacturing engineer. It was around that time I realized I was the ONLY engineer in the room who had been in a shop floor environment, where people were hurt if they screwed up, not just a pick and place machine that might jam. I was the only person who had worked a physically demanding job in high school and college to help pay the bills, and one of the few who had worked in the real world / dirty jobs instead of office / design / non-profit experience.
I’m working class educated to middle class through an engineering degree, but I’m a conservative Christian woman. There is a MASSIVE culture gap they seem unable to cross, and it was weird to feel like an ambassador talking to AI graduate students who had NONE of my experience (dirty jobs, shop floor, working poor).
At least it was better than when the women’s studies majors tried to tell me that I wasn’t really a woman and couldn’t understand women’s rights because I said there was no wage gap except personal choices ... as I stood in the engineering building on Engineering Day where I graduated with an IE degree. And was told I couldn’t understand women in STEM outreach while my daughter’s troop was behind me ...
The Ayn Rand saying that you can ignore reality but can’t ignore the consequences of ignoring reality is becoming very prophetic. These people are trying to shape the world based on their vision, in denial of human nature, and the end result will be BAD.
Plus add in all the millions of illegals and the thousands of muslims they are importing.
Sometimes three.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.