Gone with the Globalization, that is the US Middle Class

[Arraya]

[quote=SK in CV]

However, the conclusion that it is related to globalization is unclear. Correlation and causation are two different things. I’m not even sure that a good case for correlation has been made.

There is much stronger correlation between the decline of the middle class and concentration of wealth among the top few percent originating with the fiscal and regulatory policies of the 80’s.

http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts%5B/quote%5D

Quite possibly, the concentration of the top few percent is correlated to both. It’s a non-linear and inter-connected world.

Corporation A moves mfg to China, labor costs drop to a fifth, CEO’s and management’s pay skyrockets, US labor replaces job with wall mart sales associate @ half the amount…. Voila!

Former middle class replaces wages with debt to keep up consumption…Debt bubble collapse…which brings to about now.

[Eugene]

[quote]If that does not work, we will have to take away all benefits, such as food stamps, welfare and UE benefits to teach them the virtues of remaining competitive in a global market. [/quote]

and don’t forget OSHA and the 40-hour week … real globally competitive countries have no need for such nanny-state regs.

[Eugene]

[quote]If that does not work, we will have to take away all benefits, such as food stamps, welfare and UE benefits to teach them the virtues of remaining competitive in a global market. [/quote]

and don’t forget OSHA and the 40-hour week … real globally competitive countries have no need for such nanny-state regs.

[Eugene]

[quote]If that does not work, we will have to take away all benefits, such as food stamps, welfare and UE benefits to teach them the virtues of remaining competitive in a global market. [/quote]

and don’t forget OSHA and the 40-hour week … real globally competitive countries have no need for such nanny-state regs.

[Eugene]

[quote]If that does not work, we will have to take away all benefits, such as food stamps, welfare and UE benefits to teach them the virtues of remaining competitive in a global market. [/quote]

and don’t forget OSHA and the 40-hour week … real globally competitive countries have no need for such nanny-state regs.

[Eugene]

[quote]If that does not work, we will have to take away all benefits, such as food stamps, welfare and UE benefits to teach them the virtues of remaining competitive in a global market. [/quote]

and don’t forget OSHA and the 40-hour week … real globally competitive countries have no need for such nanny-state regs.

[beanmaestro]

Fine point, but the writing is terrible. Which, unfortunately, undermines the point.

The stats in this article are sensationalistic and mostly unbenchmarked. Comparing numbers from the last three years just proves we’re in a recession. Give us a friggin’ long-term graph, and the data will speak even louder for itself. As it is now, I feel this icky feeling that the numbers were manipulated unnecessarily.

[beanmaestro]

Fine point, but the writing is terrible. Which, unfortunately, undermines the point.

The stats in this article are sensationalistic and mostly unbenchmarked. Comparing numbers from the last three years just proves we’re in a recession. Give us a friggin’ long-term graph, and the data will speak even louder for itself. As it is now, I feel this icky feeling that the numbers were manipulated unnecessarily.

[beanmaestro]

Fine point, but the writing is terrible. Which, unfortunately, undermines the point.

The stats in this article are sensationalistic and mostly unbenchmarked. Comparing numbers from the last three years just proves we’re in a recession. Give us a friggin’ long-term graph, and the data will speak even louder for itself. As it is now, I feel this icky feeling that the numbers were manipulated unnecessarily.

[beanmaestro]

Fine point, but the writing is terrible. Which, unfortunately, undermines the point.

The stats in this article are sensationalistic and mostly unbenchmarked. Comparing numbers from the last three years just proves we’re in a recession. Give us a friggin’ long-term graph, and the data will speak even louder for itself. As it is now, I feel this icky feeling that the numbers were manipulated unnecessarily.

[beanmaestro]

Fine point, but the writing is terrible. Which, unfortunately, undermines the point.

The stats in this article are sensationalistic and mostly unbenchmarked. Comparing numbers from the last three years just proves we’re in a recession. Give us a friggin’ long-term graph, and the data will speak even louder for itself. As it is now, I feel this icky feeling that the numbers were manipulated unnecessarily.

[blahblahblah]

[quote=Eugene][quote]If that does not work, we will have to take away all benefits, such as food stamps, welfare and UE benefits to teach them the virtues of remaining competitive in a global market. [/quote]

and don’t forget OSHA and the 40-hour week … real globally competitive countries have no need for such nanny-state regs.[/quote]

And don’t forget that we’ll also have to get rid of all environmental protections. If we want to compete with China, Laos, and Burkina Faso our corporations will need to be able do dump toxic waste and heavy metals anywhere they want. Otherwise they will have to waste too much money conforming to environmental “nanny state” regulation.

[blahblahblah]

[quote=Eugene][quote]If that does not work, we will have to take away all benefits, such as food stamps, welfare and UE benefits to teach them the virtues of remaining competitive in a global market. [/quote]

and don’t forget OSHA and the 40-hour week … real globally competitive countries have no need for such nanny-state regs.[/quote]

And don’t forget that we’ll also have to get rid of all environmental protections. If we want to compete with China, Laos, and Burkina Faso our corporations will need to be able do dump toxic waste and heavy metals anywhere they want. Otherwise they will have to waste too much money conforming to environmental “nanny state” regulation.

[blahblahblah]

[quote=Eugene][quote]If that does not work, we will have to take away all benefits, such as food stamps, welfare and UE benefits to teach them the virtues of remaining competitive in a global market. [/quote]

and don’t forget OSHA and the 40-hour week … real globally competitive countries have no need for such nanny-state regs.[/quote]

And don’t forget that we’ll also have to get rid of all environmental protections. If we want to compete with China, Laos, and Burkina Faso our corporations will need to be able do dump toxic waste and heavy metals anywhere they want. Otherwise they will have to waste too much money conforming to environmental “nanny state” regulation.

[blahblahblah]

[quote=Eugene][quote]If that does not work, we will have to take away all benefits, such as food stamps, welfare and UE benefits to teach them the virtues of remaining competitive in a global market. [/quote]

and don’t forget OSHA and the 40-hour week … real globally competitive countries have no need for such nanny-state regs.[/quote]

And don’t forget that we’ll also have to get rid of all environmental protections. If we want to compete with China, Laos, and Burkina Faso our corporations will need to be able do dump toxic waste and heavy metals anywhere they want. Otherwise they will have to waste too much money conforming to environmental “nanny state” regulation.

[Author]

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