06-26-2016, 10:48 PM
And, aside from the stagnant minimum wage, ...there's the fact that adults today work harder for less pay and fewer benefits in step-up middle income jobs than you and I did. Plus, it's more difficult for them to find such jobs today without getting an expensive college or trade degree (which is the equivalent of a high school diploma in our day).
![[Image: b7fe7e41-5733-4db0-8942-9061a07c9dad.jpeg?app=278]](http://dvtfaqskbwkln.cloudfront.net/user_content/newsimages/b7fe7e41-5733-4db0-8942-9061a07c9dad.jpeg?app=278)
Also, unemployment numbers look less concerning on paper today than they really are because so many people have simply stopped looking for jobs because they can't find them or can't afford to live independently on the wages/salaries in many parts of the country.
Meanwhile, the richest 10% of Americans have seen their real incomes increase over the same period, as have Congresspersons.
Is the sky falling? Not yet, in my opinion. But, is the American economy moving in the wrong direction and the standard of living for all but the top 10 percent declining? You bet.
That concerns me. A lot of factors contribute to the standard of living decreasing from one generation to the next. One of them is a system and policies designed to make the rich richer at the expense of the growing lower income population and shrinking middle income population. It needs to be addressed sooner than later if America is to continue being an economic leader and prosperous nation.
Stats ref: http://www.allgov.com/news/where-is-the-...ews=857465
Also, unemployment numbers look less concerning on paper today than they really are because so many people have simply stopped looking for jobs because they can't find them or can't afford to live independently on the wages/salaries in many parts of the country.
Meanwhile, the richest 10% of Americans have seen their real incomes increase over the same period, as have Congresspersons.
Is the sky falling? Not yet, in my opinion. But, is the American economy moving in the wrong direction and the standard of living for all but the top 10 percent declining? You bet.
That concerns me. A lot of factors contribute to the standard of living decreasing from one generation to the next. One of them is a system and policies designed to make the rich richer at the expense of the growing lower income population and shrinking middle income population. It needs to be addressed sooner than later if America is to continue being an economic leader and prosperous nation.
Stats ref: http://www.allgov.com/news/where-is-the-...ews=857465