"The Middle Class In America Is Being Wiped Out – Here Are 60"...

Discussion in 'Politics, Religion, Social Issues' started by thermodynamic, Aug 5, 2016.

  1. Desertrat macrumors newbie

    Joined:
    Jul 4, 2003
    Location:
    Terlingua, Texas
    #2
    The buying power of the middle class has been in decline since the middle 1970s. Even moreso, this century. The economic pyramid of the US is in transition from convex side to concave sides, in third-world fashion.

    The basis for the decline in the standard of living is shown by Charles Hugh Smith:

    http://www.oftwominds.com/blogaug16/burrito-index8-16.html

    The rate of wage increases has not kept pace with increases in the cost of living.
     

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