Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Middle class has been shrinking for decades

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Editorials & Other Articles Donate to DU
 
BridgeTheGap Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-03-08 10:37 AM
Original message
Middle class has been shrinking for decades
Well, the economists finally made it official this week: We're in a recession. And, guess what? They said it began a year ago.

If you're like the three-fourths of Americans who consider themselves to be "middle class," this probably didn't come as a surprise. Many people feel as if they've been losing economic ground for years. That's because many of them have been.

America has been a generally prosperous nation since World War II, achieving the highest overall standard of living in the planet's history. The reasons are many, including advances in technology and global economic trends that have made goods cheap and available. Americans have been innovative, entrepreneurial and they have worked hard. At times, the nation has made significant public investments in physical infrastructure, such as highways, and social infrastructure, such as schools.


But the pain being felt in this recession has brought new attention to a trend economists have been watching for years: The rich really are getting richer, the poor really are getting poorer and the middle class has been shrinking steadily since the late 1970s.

http://www.kentucky.com/181/story/613414.html
Printer Friendly | Permalink |  | Top
county worker Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-03-08 11:21 AM
Response to Original message
1. I thought I would never hear these words again. I'm in my 60's and I thought the country
would never see a return of the middle class in my life time. In some way I think we can thank the conservatives for the shrinking middle class and it's likely come back. The last 7 1/2 years have really opened people's eyes.

snip:
Growing the middle class and returning the economy to health again will require more public investment. And it will mean creating smart policies to address demographic trends such as an aging population and inequities among growing minority populations.

A strong middle class is central to America's self-image, but the way to keep it strong is hotly debated. Crouch breaks it down into two basic philosophies, which he describes as the John Wayne view and the Little House on the Prairie view. One symbolizes rugged individualism; the other, the idea of "take care of yourself, take care of your family, but also watch out for your neighbor."

"We've got to get off this idea that John Wayne is who we are in America," Crouch said. "Basically, we're a country which was built on people helping each other. This society cannot afford to have winners and losers. We've got to make everyone a winner."



Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Dec 26th 2024, 08:07 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Editorials & Other Articles Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC