America no longer the leader in middle class? (Reaganomics, Obama, companies)

[nycjowww]

The United States No Longer Has The Wealthiest Middle Class In The World

[nep321]

Of course not, because of conservative politics and Reaganomics over the past 3 decades. Yet, they still think austerity and tax cutting is the way to go.

[nycjowww]

Originally Posted by nep321

Of course not, because of conservative politics and Reaganomics over the past 3 decades. Yet, they still think austerity and tax cutting is the way to go.

Interesting. I can see a good debate coming.

[lycos679]

Originally Posted by nycjowww

Interesting. I can see a good debate coming.

What is there to debate? I wouldn't have picked your source, but the fact that the American middle class isn't the most wealthy is not a disputable fact. What we have is the largest middle class, at least in raw numbers anyway.

[giantkillerslingshot]

When you have candidates for president that are proud of "harvesting companies" is it any surprise that the middle class would lose ground to the endless pursuit of filthy lucre?

[Costaexpress]

This is the effect of global capitalism, automation and the failure to keep up with skills needed for a good job. Americans have been reluctant to adapt to the global economy, except for limited "global awareness" that is pretty empty. Americans have become a "soft people" with warm and fuzzy politics, uncompetitive skill sets, and a vision of a world that is no more.

What exactly surprises you? The American middle class will not only be less wealthy. It will not even be the largest in the world. China will have the largest middle class in human history.

[basketballakev]

http://www.nytimes.com/2014/04/23/up...ml?rref=upshot

[alphamale]

Thanks obama!

[MaseMan]

Originally Posted by alphamale

Thanks obama!

More like "Thanks about forty years of anti-middle class economic policies!"

The middle class keeps shrinking and neither the Democrats or the Republicans really seem to care.

[Hollytree]

This chart shows the middle class declining sharply after 1980. Obama was 19 years old in 1980.

Middle Class Jobs, Income Quickly Disappearing (INFOGRAPHIC)