Sunday, September 2, 2012

More evidence that the middle class is screwed …

If you still need convincing of this, then might I suggest that you pull your head from your alimentary canal and take a look around?

http://www.npr.org/blogs/thetwo-way/2012/08/22/159798269/pew-middle-class-poorer-earning-less-and-shrinking

Basically, the last 11 years are called – by Pew Social & Democratic Trends – “the lost decade” for the US middle class. Since Canadians are so closely tied in both corporatist culture and its incredibly damaging results, I don’t even bother distinguishing between the two …

Read the article … read the links. Buried in there you will find this stunningly depressing graph. Note the very successful 2 decade cash grab by the highest fifth of income earners in the 80s and 90s … and note the utter collapse in the following decade, the sad decade that we just left behind. Anyone else agree that this is an excellent example of cause and effect?

image

Thanks go to my friend Nick for posting a link to this article …