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Posted by: walden3 1 year, 7 months ago

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walden31 year, 7 months ago

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TOD-
It's not that simple. Back in the day someone could graduate high school and get a good job in a factory, buy a house and support a family with the one job.
Now both parents need to work. Now gains in productivity aren't being shared with the workers. Corrected incomes have been almost flat for 30 years. Savings are non-existent. Kids graduate with more loans than ever before. What made us great, manufacturing, is DOA. The number of hungry Americans and those living in poverty is increasing. The number of kids that live longer and longer with their parents is increasing. Private pensions have disappeared. The hours we work increase and the time away decreases.
Economic opportunity ain't what it once was.
Don't get distracted by the bread and circus.
Check out these articles:
http://www.nytimes.com/2005/07/03/business/your...
http://www.alternet.org/workplace/63031/
http://www.maxwell.syr.edu/news/releases/child_...

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  blinkers1 year, 7 months ago
  
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  This is a great post walden. I think you have it nailed. Once disparities start opening up in a developed economy, they're almost impossible to turn around. An increasingly large slice of the pie is being shared among a smaller and smaller segment of the population.
  (And when the commander-in-chief himself says openly that the people he likes are the "haves and have-mores" the trend is further strengthened).
  
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    walden31 year, 7 months ago
    
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    Ranch and Blinkers-
    I saw this article too, "Income inequality grew significantly in 2005, with the top 1 percent of Americans â;; those with incomes that year of more than $348,000 â;; receiving their largest share of national income since 1928, analysis of newly released tax data shows."
    http://www.starnewsonline.com/apps/pbcs.dll/art...
    That's just not good for social stability.
    
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  MRCOFFEECAKE1 year, 7 months ago
  
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  I wish we could get your comments over to a national Democratic platform member. These comments are precisely what has been sinking the greatest asset to the concept of capitalism and democracy. (the middle class)
  
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