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Post by Deleted on Aug 28, 2013 11:31:04 GMT -8
our democracies ?
The squeezed middle yelps. Indeed, on the latest statistics, it is gasping for air. Will they riot, or form an orderly queue to loot the stores ?
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Post by Deleted on Aug 28, 2013 11:36:27 GMT -8
There just aren't as many "middle class jobs" as there used to be. Jobs are being replaced by part-time jobs and temp jobs. For example the number one employer in America today is Wal-Mart and the number two employer in America today is a temp agency (Kelly Services).
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Post by Deleted on Aug 28, 2013 11:39:05 GMT -8
The diminishing middle class is not only a British phenomenon. Both America and Europe have shrinking middles. Average incomes in real terms have not risen over the past 30 years. It is perhaps easier to see the downward spiral of the American middle classes as we gaze on the "ruin porn" of Detroit.
Simply put, their share in the income pie has dropped, while that of the top 7% grows.
It is for the middle class, which Karl Marx said would be crushed by the logic of late capitalism. He spoke specifically about how the small shopkeepers and tradespeople would fail.
There would be left the great mass of poor people and a tiny minority of the ultra-rich, and then of course violent revolution.
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Post by Deleted on Aug 28, 2013 11:40:21 GMT -8
Do you have zero hour work contracts ?
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Post by ✿Lexxy✿ on Aug 28, 2013 11:44:00 GMT -8
The rise & fall of the middle class does seem to be a vicous cycle.
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Post by Deleted on Aug 28, 2013 11:52:11 GMT -8
Is the middle class doing more falling than rising, than it used to do before though ?
Are we at end game of Capitalism now and unless you're in the the top 7% you may as well forget it and quit ever trying.
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Post by Deleted on Aug 28, 2013 12:02:01 GMT -8
The Capitalist Corporations ATE the middle class piece of pie and got fatter.
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Post by ✿Lexxy✿ on Aug 28, 2013 12:03:45 GMT -8
The middle class is definitely doing more falling than rising now.
We can't quit trying or civilization will fall apart. I think it is human nature to keep trying at least for most.
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Trailer Park Snob