The decrease in union membership is costing us middle class income and dignity.
Showing posts with label middle class. Show all posts
Showing posts with label middle class. Show all posts
Saturday, May 25, 2013
Wednesday, March 06, 2013
Monday, February 25, 2013
Friday, February 22, 2013
Saturday, December 29, 2012
Demand side economics
I have marveled over the conservative position that putting money into the hands of the upper class will create more jobs because they are the job creators. The notion, as those of us who've watched this debate for any time know, is that the money will trickle down. Unfortunately this has been the manner in which the U.S. Government has conducted it's business since the Ronald Reagan administration. And we have been on a downhill slide ever since.
Middle class wages have languished, the rich have taken an ever increasing slice of America's wealth and plowed it into speculative investments instead of into jobs and businesses because demand for goods and services is dwindling. The very notion that businesses will create jobs just to create jobs is foolish - if there are no customers, why would they hire more people?
The U.S. is in dire need of improving its infrastructure - improved roads, high speed rail, upgraded energy delivery systems, etc. Obama knows this, but can't get legislation through Congress that would invest money in construction and in the middle class. THIS would create middle class wealth - THIS would create jobs - THIS would create more demand and lead to growing businesses.
But too many morons are in too many positions of power and so our great nation languishes. Will this lead to the end of the great American story? Or will there be a resurgence of intellectualism that will lead to more enlightened leadership in the next few years? We are probably on the cusp.
Middle class wages have languished, the rich have taken an ever increasing slice of America's wealth and plowed it into speculative investments instead of into jobs and businesses because demand for goods and services is dwindling. The very notion that businesses will create jobs just to create jobs is foolish - if there are no customers, why would they hire more people?
The U.S. is in dire need of improving its infrastructure - improved roads, high speed rail, upgraded energy delivery systems, etc. Obama knows this, but can't get legislation through Congress that would invest money in construction and in the middle class. THIS would create middle class wealth - THIS would create jobs - THIS would create more demand and lead to growing businesses.
But too many morons are in too many positions of power and so our great nation languishes. Will this lead to the end of the great American story? Or will there be a resurgence of intellectualism that will lead to more enlightened leadership in the next few years? We are probably on the cusp.
Saturday, December 31, 2011
Wednesday, June 29, 2011
Friday, February 25, 2011
Thursday, February 24, 2011
It's not just Wisconsin
Bernie Sanders: End Game for Wealthiest in America is the Destruction of Social Safety Nets and of the Middle Class
from Crooks and Liars by Heather
SANDERS: What we have to understand is this is not just Wisconsin. This is part of the concerted attack on the middle class and working families of this country by the very wealthiest people in America, the Koch brothers and many others. And you're also right in suggesting that if you look at the end game, what are you talking about?
You're talking about the end of Social Security, privatization of Social Security, massive cuts and privatization of Medicare, major cuts in Medicaid. You're talking about over a period of time, the end of unemployment compensation, the end of the minimum wage or lowering the minimum wage.
What these guys want is to return us to the 1920's when working people had virtually no rights to organize or to earn a decent living. Bottom line today is the top 1% earn more income than the bottom 50%. The top 1% owns more wealth than the bottom 90%. That gap between the very rich and everybody else is growing wider.
And what the wealthiest people in the country are doing are using their resources to make the attack against the middle class even stronger. They want the destruction of the middle class and almost all wealth in this country to go to the people on top.
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