Ladies and gentlemen, the vanishing middle class
Posted by G.A. Matiasz on October 29, 2013
It’s a set of platitudes mouthed by all American politicians everywhere, that “the middle class is the foundation of this country’s prosperity,” that Washington “is doing everything possible to strengthen the middle class,” and that “the future looks bright for the American middle class.” Absolute hogwash! Here are a few more charts and graphs, thanks to the Business Insider:
Nothing up the sleeves of the American ruling class, except for the demise of the American middle class.
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This entry was posted on October 29, 2013 at 5:31 pm and is filed under capitalism, jobless recovery, life, politics, United States of America, US economy, US middle class, US ruling class, US society, US working class.
Tagged: capitalism, erosion of US middle class, income gains since Great Recession concentrated at top, jobless recovery, median household income declines over past 13 years, share of middle class income in nation declining for decades, United States of America, US economy, US middle class, US ruling class, US society, US working class. You can follow any responses to this entry through the RSS 2.0 feed.
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playing for keeps 
scatterwisdom said
All your graphs do is prove that when you allow one half trillion dollar a year of unfavorable trade balances to continue, middle class income will continue to fall as your charts indicate. Congress approves all free trade agreements that have been negotiated without regard to control unfavorable trade balances which are the root cause of of high unemployment in the USA.