The rich are getting richer and the poor are getting poorer at a staggering rate. Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a blinding pace.
So why are we witnessing such fundamental changes? Well, the globalism and "free trade" that our politicians and business leaders insisted would be so good for us have had some rather nasty side effects. It turns out that they didn't tell us that the "global economy" would mean that middle class American workers would eventually have to directly compete for jobs with people on the other side of the world where there is no minimum wage and very few regulations. The big global corporations have greatly benefited by exploiting third world labor pools over the last several decades, but middle class American workers have increasingly found things to be very tough.
Sunday, July 18, 2010
Middle Class Wipe Out
Posted by Nick
I don't necessary agree with all of this, especially the anti-free trade part (though we really don't currently have even that), but on the other hand, corporations suck and they do exploit labor, plus, our current bankster-run government is completely anti-middle class (actually their polices are awfully harmful to everyone who is not a member of the elitist ruling class).
The U.S. Middle Class Is Being Wiped Out
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