Why the middle class is hurting

[Rajoo]

Here is a rather short explanation as to why the middle class is shrinking, wages are being depressed. The only solution is to abolish the practice of bonuses tied to stock performance. But how? Boycott certain corporation's products?

http://www.washingtonpost.com/opinio...y.html?hpid=z3

[Dondilion]

Originally Posted by BeamOn

Here is a rather short explanation as to why the middle class is shrinking, wages are being depressed. The only solution is to abolish the practice of bonuses tied to stock performance. But how? Boycott certain corporation's products?

http://www.washingtonpost.com/opinio...y.html?hpid=z3

I believe globalization has a greater impact on the middle.

[finnbow]

I find it to be a rather simple, one-sided analysis. Companies reinvest their profits when they perceive increased market demand for their products.

[merrylander]

Originally Posted by finnbow

I find it to be a rather simple, one-sided analysis. Companies reinvest their profits when they perceive increased market demand for their products.

How can they expect that to happen when wages are stagnant?

[Tom Joad]

Originally Posted by Dondilion

I believe globalization has a greater impact on the middle.

And I think dropping the top income tax bracket from 90% in the 50's to 35% like it is now has been a huge factor. In the 50's CEO pay was about 40 times what the average worker made. Now it's something like 500 times. Back when you had to give 90% back to the government it made sense to give more of the pie to your workers. But now, when you can keep most of it for yourself greed takes over and the top executives squeeze their workers so that they can keep more for themselves.

To me this isn't Rocket Science.

It's pretty fucking obvious.

[Twodogs]

What combined salary per household is middle class (no kids, just a man and a woman). The kids can be figured by simple math.


I should also add, in a moderate state, not CA or NY.