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Death of the Middle Class

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Death of the Middle Class

Post by USA Citizen on Sun Sep 04, 2011 7:18 pm

The Limping Middle Class

"Starting in the late 1970s, the middle class began to weaken. Although productivity continued to grow and the economy continued to expand, wages began flattening in the 1970s because new technologies — container ships, satellite communications, eventually computers and the Internet — started to undermine any American job that could be automated or done more cheaply abroad. "

"The economy cannot possibly get out of its current doldrums without a strategy to revive the purchasing power of America’s vast middle class. "

"Reviving the middle class requires that we reverse the nation’s decades-long trend toward widening inequality."
Robert Reich believes that the American Dream "is still within our grasp."
Something must be done to reverse the trend that is putting Americans out of work in order to benefit the rich. Our government allowed this to happen.
Robert Reich's article explains how the American dream was subverted and how it can be revived.
Unless something is done soon the American Middle Class will die.

USA Citizen

Posts : 149
Join date : 2011-06-06

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