The death of the US Middle Class.......
Brought to you by Barack Obama......And George W Bush.......And William Jefferson Clinton.......and George HW Bush......And Ronald Reagan. Special thanks goes to Corporate America. None of this would be possible without you.
The rich are getting richer. The poor are getting poorer. The middle class is being snuffed out. Don't take my word for it......Just read the news.
The mass redistribution of wealth from the poor to the rich has been a massive success story. It will make for an exciting exhibit in the Barack Obama presidential library. Yes we can.
Middle class adults now make up less than half the population in such cities as New York, Los Angeles, Boston and Houston.
That sharp shift reflects a broader erosion that occurred from 2000 through 2014. Over that time, the middle class shrank in nine out of every 10 metro areas. (THE MONEY DIDN'T TRICKLE)
“The shrinking of the American middle class is a pervasive phenomenon,” (IT IS NOT A PHENOMENON. IF YOU SEND ALL THE JOBS OUT OF THE COUNTRY THE MIDDLE CLASS DIES. IT IS COMMON SENSE. ANY 8 YEAR OLD COULD UNDERSTAND IT. THE JOBS LEFT AND THE MIDDLE CLASS IS MELTING LIKE THE WICKED WITCH OF THE WEST AFTER BEING DOWSED WITH WATER.)
Wendell Nolen, 52, has experienced the slide from middle-class status first-hand. Eight years ago, he was earning $28 an hour as a factory worker for Detroit’s American Axle and Manufacturing Holdings, assembling axles for pickup trucks and SUVs.
the plant was closed and American Axle shipped much of its work to Mexico.
Now Nolen makes $17 an hour in the shipping department of a Detroit steel fabricator, about 40 percent less than he made at the axle plant.
“America is losing jobs because of the free trade stuff,” Nolen said. “They’re selling America out.” (YES....THEY ARE.)
Nationally, the proportion of middle class adults shrank to 51 percent in 2014 from 55 percent in 2000, Pew found.