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Posts Tagged ‘erosion of US middle class’

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:

middleclasscharticle_fig1-2
middleclasscharticle_fig2-2
middleclasscharticle_fig3-2

Nothing up the sleeves of the American ruling class, except for the demise of the American middle class.

Posted in capitalism, jobless recovery, life, politics, United States of America, US economy, US middle class, US ruling class, US society, US working class | Tagged: , , , , , , , , , , , | 1 Comment »

USA! We’re Number One!

Posted by G.A. Matiasz on October 29, 2013

It’s official. The United States is #1 at creating rich people. Here’s the chart (based on this study):
original
The consequences of this “wealth creation” is an ever widening gap between rich and poor, the decimation of the American middle class, the potential for societal segregation, social unrest and class warfare that is exacerbated by such class dynamics. This income gap is the highest since the “Roaring 20s.
20130911_inequal1
What’s more, even prominent moderate-to-liberal individuals are beginning to see this as a problem.

Then, there’s so many other ways that the United States excels at being #1 in very bad shit. Here are the graphic representations, including the first one mentioned above:
MaternityLeave_1USExceptionalism_Vacation_0
USExceptionalism_SickDays_1EducationSpending_1
EducationSpending_1-1MilitarySpending_0
USExceptionalism_WeaponExportsUSExceptionalism_PrisonPop
USExceptionalism_GunsUSExceptionalism_Sweetner_0
CalorieConsumption_1USExceptionalism_HealthCareCosts
USExceptionalism_DrugCostsFirstDayDeaths_0
SuperRich_0Inequality_0
Makes you fucking PROUD to be an American! Third World Banana Republic, here we come!

Posted in American Empire, capitalism, corporations, homeless, life, politics, poverty, United States of America, US economy, US middle class, US military, US society, US working class | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »