Gone with the Globalization, that is the US Middle Class

[dbapig]

[quote=briansd1]This is the per-capita GPD chart.

The problem is not lack of wealth creation because of globalization.

The problem is income distribution.

The math does not lie.

http://www.indexmundi.com/g/g.aspx?c=us&v=67
http://www.indexmundi.com/united_states/gdp_per_capita_%28ppp%29.html%5B/quote%5D

So my unscientific assumptions of result of Globalization.

-Rich/corporations benefit as they outsource to produce essentially same thing (may not be of same quality etc) for less cost. They sell stuff at same price. One benefit of the Globalization.
-Even the rich/corporations that do not produce things in China can demand and get lower/stagnant wage for the workforce in America, citing the risk of losing jobs to China. Another benefit of Globalization.
-The ‘regular’ folks get the benefit of paying not much for stuff, aka Wal Mart effect. But I never heard of a company lowering price for products they were able to produce for less in China. The difference was pocketed by corporations. Not a great benefit of Globalization…

[SD Transplant]

First, welcome back TG 🙂

Next, here is a little presentation from Elizabeth Warren on the subject “the coming collapse of the middle class” – worth a listen/view

It does address the 2 income trap/issues discussed above by other posters. However, I’m a big fan of the Maslow’s hierarchy of needs theory…once you have food, shelter, and some other small accomodations, you should enjoy life more & complain less.

[SD Transplant]

First, welcome back TG 🙂

Next, here is a little presentation from Elizabeth Warren on the subject “the coming collapse of the middle class” – worth a listen/view

It does address the 2 income trap/issues discussed above by other posters. However, I’m a big fan of the Maslow’s hierarchy of needs theory…once you have food, shelter, and some other small accomodations, you should enjoy life more & complain less.

[SD Transplant]

First, welcome back TG 🙂

Next, here is a little presentation from Elizabeth Warren on the subject “the coming collapse of the middle class” – worth a listen/view

It does address the 2 income trap/issues discussed above by other posters. However, I’m a big fan of the Maslow’s hierarchy of needs theory…once you have food, shelter, and some other small accomodations, you should enjoy life more & complain less.

[SD Transplant]

First, welcome back TG 🙂

Next, here is a little presentation from Elizabeth Warren on the subject “the coming collapse of the middle class” – worth a listen/view

It does address the 2 income trap/issues discussed above by other posters. However, I’m a big fan of the Maslow’s hierarchy of needs theory…once you have food, shelter, and some other small accomodations, you should enjoy life more & complain less.

[SD Transplant]

First, welcome back TG 🙂

Next, here is a little presentation from Elizabeth Warren on the subject “the coming collapse of the middle class” – worth a listen/view

It does address the 2 income trap/issues discussed above by other posters. However, I’m a big fan of the Maslow’s hierarchy of needs theory…once you have food, shelter, and some other small accomodations, you should enjoy life more & complain less.

[patb]

[quote=sdrealtor]So most of the poor stay poor and most of the rich stay rich. My challenge is that wealth is not a finite thing. It grows over time. So even though the richest get richer, others can still get richer too even though they may hold a smaller share of the ever increasing pie. We live in the real world not on some graph with an income distribution. I still see people better off today than a generation or two ago.[/quote]

not really.

life expectancy is falling,
education/literacy is falling.
it takes 2 incomes to do what 1 income did

[patb]

[quote=sdrealtor]So most of the poor stay poor and most of the rich stay rich. My challenge is that wealth is not a finite thing. It grows over time. So even though the richest get richer, others can still get richer too even though they may hold a smaller share of the ever increasing pie. We live in the real world not on some graph with an income distribution. I still see people better off today than a generation or two ago.[/quote]

not really.

life expectancy is falling,
education/literacy is falling.
it takes 2 incomes to do what 1 income did

[patb]

[quote=sdrealtor]So most of the poor stay poor and most of the rich stay rich. My challenge is that wealth is not a finite thing. It grows over time. So even though the richest get richer, others can still get richer too even though they may hold a smaller share of the ever increasing pie. We live in the real world not on some graph with an income distribution. I still see people better off today than a generation or two ago.[/quote]

not really.

life expectancy is falling,
education/literacy is falling.
it takes 2 incomes to do what 1 income did

[patb]

[quote=sdrealtor]So most of the poor stay poor and most of the rich stay rich. My challenge is that wealth is not a finite thing. It grows over time. So even though the richest get richer, others can still get richer too even though they may hold a smaller share of the ever increasing pie. We live in the real world not on some graph with an income distribution. I still see people better off today than a generation or two ago.[/quote]

not really.

life expectancy is falling,
education/literacy is falling.
it takes 2 incomes to do what 1 income did

[patb]

[quote=sdrealtor]So most of the poor stay poor and most of the rich stay rich. My challenge is that wealth is not a finite thing. It grows over time. So even though the richest get richer, others can still get richer too even though they may hold a smaller share of the ever increasing pie. We live in the real world not on some graph with an income distribution. I still see people better off today than a generation or two ago.[/quote]

not really.

life expectancy is falling,
education/literacy is falling.
it takes 2 incomes to do what 1 income did

[enron_by_the_sea]

[quote=UCGal]

Now days to be prosperous you’d define it as 2-3 bmw’s in your 3 car garage and grass fed filet mignon on the table.[/quote]

and an i-phone in every hand

[enron_by_the_sea]

[quote=UCGal]

Now days to be prosperous you’d define it as 2-3 bmw’s in your 3 car garage and grass fed filet mignon on the table.[/quote]

and an i-phone in every hand

[enron_by_the_sea]

[quote=UCGal]

Now days to be prosperous you’d define it as 2-3 bmw’s in your 3 car garage and grass fed filet mignon on the table.[/quote]

and an i-phone in every hand

[enron_by_the_sea]

[quote=UCGal]

Now days to be prosperous you’d define it as 2-3 bmw’s in your 3 car garage and grass fed filet mignon on the table.[/quote]

and an i-phone in every hand

[Author]

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