Discussion:
Goodbye Middle Class: 51% Of US Workers Make Less Than $30,000 A Year
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mg
2018-04-05 17:00:33 UTC
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"Goodbye Middle Class: 51 Percent Of All American Workers
Make Less Than 30,000 Dollars A Year

Posted on October 21, 2015 by WashingtonsBlog
By Michael Snyder, End of the American Dream.

We just got more evidence that the middle class in America
is dying. According to brand new numbers that were just
released by the Social Security Administration, 51 percent
of all workers in the United States make less than $30,000 a
year. Let that number sink in for a moment. You can’t
support a middle class family in America today on just
$2,500 a month – especially after taxes are taken out. And
yet more than half of all workers in this country make less
than that each month. In order to have a thriving middle
class, you have got to have an economy that produces lots of
middle class jobs, and that simply is not happening in
America today.

You can find the report that the Social Security
Administration just released right here. The following are
some of the numbers that really stood out for me…

-38 percent of all American workers made less than $20,000
last year.

-51 percent of all American workers made less than $30,000
last year.

-62 percent of all American workers made less than $40,000
last year.

-71 percent of all American workers made less than $50,000
last year.

That first number is truly staggering. The federal poverty
level for a family of five is $28,410, and yet almost 40
percent of all American workers do not even bring in $20,000
a year.

If you worked a full-time job at $10 an hour all year long
with two weeks off, you would make approximately $20,000.
This should tell you something about the quality of the jobs
that our economy is producing at this point.

And of course the numbers above are only for those that are
actually working. As I discussed just recently, there are
7.9 million working age Americans that are “officially
unemployed” right now and another 94.7 million working age
Americans that are considered to be “not in the labor
force”. When you add those two numbers together, you get a
grand total of 102.6 million working age Americans that do
not have a job right now.

So many people that I know are barely scraping by right now.
Many families have to fight tooth and nail just to make it
from month to month, and there are lots of Americans that
find themselves sinking deeper and deeper into debt.

If you can believe it, about a quarter of the country
actually has a negative net worth right now.

What that means is that if you have no debt and you also
have ten dollars in your pocket that gives you a greater net
worth than about 25 percent of the entire country. The
following comes from a recent piece by Simon Black…

Credit Suisse estimates that 25% of Americans are in this
situation of having a negative net-worth.

“If you’ve no debts and have $10 in your pocket you have
more wealth than 25% of Americans. More than 25% of
Americans have collectively that is.”

The thing is– not only did the government create the
incentives, but they set the standard.

With a net worth of negative $60 trillion, US citizens are
just following dutifully in the government’s footsteps.

As a nation we are flat broke and most of us are living
paycheck to paycheck. It has been estimated that it takes
approximately $50,000 a year to support a middle class
lifestyle for a family of four in the U.S. today, and so the
fact that 71 percent of all workers make less than that
amount shows how difficult it is for families that try to
get by with just a single breadwinner.

Needless to say, a tremendous squeeze has been put on the
middle class. In many families, both the husband and the
wife are working as hard as they can, but it is still not
enough. With each passing day, more Americans are losing
their spots in the middle class and this has pushed
government dependence to an all-time high. According to the
U.S. Census Bureau, 49 percent of all Americans now live in
a home that receives money from the government each month.

Sadly, the trends that are destroying the middle class in
America just continue to accelerate.

With a huge assist from the Republican leadership in
Congress, Barack Obama recently completed negotiations on
the Trans-Pacific Partnership. Also known as Obamatrade,
this insidious new treaty is going to cover nations that
collectively account for 40 percent of global GDP. Just
like NAFTA, this treaty will result in the loss of thousands
of businesses and millions of good paying American jobs. Let
us hope and pray that Congress somehow votes it down.

Another thing that is working against the middle class is
the fact that technology is increasingly taking over our
jobs. With each passing year, it becomes cheaper and more
efficient to have computers, robots and machines do things
that humans once did.

Eventually, there will be very few things that humans will
be able to do more cheaply and more efficiently than
computers, robots and machines. How will most of us make a
living when that happens?…

The robopocalypse for workers may be inevitable. In this
vision of the future, super-smart machines will best humans
in pretty much every task. A few of us will own the
machines, a few will work a bit… while the rest will live
off a government-provided income… the most common job in
most U.S. states probably will no longer be truck driver.

For decades, we have been training our young people to have
the goal of “getting a job” once they get out into the real
world. But in America today there are not nearly enough
good jobs to go around, and this crisis is only going to
accelerate as we move into the future.

I do not believe that it is wise to pin your future on a
corporation that could replace you with a foreign worker or
a machine the moment that it becomes expedient to do so. We
need to start thinking differently, because the paradigms
that worked in the past are fundamentally breaking down.

So what advice would you give to a young adult today that is
looking toward the future?

Please feel free to join the discussion by posting a comment
below…"

http://www.washingtonsblog.com/2015/10/goodbye-middle-class-51-percent-of-all-american-workers-make-less-than-30000-dollars-a-year.html
me
2018-04-05 18:07:13 UTC
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Raw Message
Supply and demand operates universally. Government and central banks alter and corrupt supply/demand. Eventually real human nature (instead of political) forces will be a reset supply/demand. Either way many people will be adversely affected.
http://www.endit.info/Costs.shtml
El Castor
2018-04-06 00:44:14 UTC
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Post by mg
"Goodbye Middle Class: 51 Percent Of All American Workers
Make Less Than 30,000 Dollars A Year
Posted on October 21, 2015 by WashingtonsBlog
By Michael Snyder, End of the American Dream.
We just got more evidence that the middle class in America
is dying. According to brand new numbers that were just
released by the Social Security Administration, 51 percent
of all workers in the United States make less than $30,000 a
year. Let that number sink in for a moment. You can’t
support a middle class family in America today on just
$2,500 a month – especially after taxes are taken out. And
yet more than half of all workers in this country make less
than that each month. In order to have a thriving middle
class, you have got to have an economy that produces lots of
middle class jobs, and that simply is not happening in
America today.
You can find the report that the Social Security
Administration just released right here. The following are
some of the numbers that really stood out for me…
-38 percent of all American workers made less than $20,000
last year.
-51 percent of all American workers made less than $30,000
last year.
-62 percent of all American workers made less than $40,000
last year.
-71 percent of all American workers made less than $50,000
last year.
That first number is truly staggering. The federal poverty
level for a family of five is $28,410, and yet almost 40
percent of all American workers do not even bring in $20,000
a year.
If you worked a full-time job at $10 an hour all year long
with two weeks off, you would make approximately $20,000.
This should tell you something about the quality of the jobs
that our economy is producing at this point.
And of course the numbers above are only for those that are
actually working. As I discussed just recently, there are
7.9 million working age Americans that are “officially
unemployed” right now and another 94.7 million working age
Americans that are considered to be “not in the labor
force”. When you add those two numbers together, you get a
grand total of 102.6 million working age Americans that do
not have a job right now.
So many people that I know are barely scraping by right now.
Many families have to fight tooth and nail just to make it
from month to month, and there are lots of Americans that
find themselves sinking deeper and deeper into debt.
If you can believe it, about a quarter of the country
actually has a negative net worth right now.
What that means is that if you have no debt and you also
have ten dollars in your pocket that gives you a greater net
worth than about 25 percent of the entire country. The
following comes from a recent piece by Simon Black…
Credit Suisse estimates that 25% of Americans are in this
situation of having a negative net-worth.
“If you’ve no debts and have $10 in your pocket you have
more wealth than 25% of Americans. More than 25% of
Americans have collectively that is.”
The thing is– not only did the government create the
incentives, but they set the standard.
With a net worth of negative $60 trillion, US citizens are
just following dutifully in the government’s footsteps.
As a nation we are flat broke and most of us are living
paycheck to paycheck. It has been estimated that it takes
approximately $50,000 a year to support a middle class
lifestyle for a family of four in the U.S. today, and so the
fact that 71 percent of all workers make less than that
amount shows how difficult it is for families that try to
get by with just a single breadwinner.
Needless to say, a tremendous squeeze has been put on the
middle class. In many families, both the husband and the
wife are working as hard as they can, but it is still not
enough. With each passing day, more Americans are losing
their spots in the middle class and this has pushed
government dependence to an all-time high. According to the
U.S. Census Bureau, 49 percent of all Americans now live in
a home that receives money from the government each month.
Sadly, the trends that are destroying the middle class in
America just continue to accelerate.
With a huge assist from the Republican leadership in
Congress, Barack Obama recently completed negotiations on
the Trans-Pacific Partnership. Also known as Obamatrade,
this insidious new treaty is going to cover nations that
collectively account for 40 percent of global GDP. Just
like NAFTA, this treaty will result in the loss of thousands
of businesses and millions of good paying American jobs. Let
us hope and pray that Congress somehow votes it down.
Another thing that is working against the middle class is
the fact that technology is increasingly taking over our
jobs. With each passing year, it becomes cheaper and more
efficient to have computers, robots and machines do things
that humans once did.
Eventually, there will be very few things that humans will
be able to do more cheaply and more efficiently than
computers, robots and machines. How will most of us make a
living when that happens?…
The robopocalypse for workers may be inevitable. In this
vision of the future, super-smart machines will best humans
in pretty much every task. A few of us will own the
machines, a few will work a bit… while the rest will live
off a government-provided income… the most common job in
most U.S. states probably will no longer be truck driver.
For decades, we have been training our young people to have
the goal of “getting a job” once they get out into the real
world. But in America today there are not nearly enough
good jobs to go around, and this crisis is only going to
accelerate as we move into the future.
I do not believe that it is wise to pin your future on a
corporation that could replace you with a foreign worker or
a machine the moment that it becomes expedient to do so. We
need to start thinking differently, because the paradigms
that worked in the past are fundamentally breaking down.
So what advice would you give to a young adult today that is
looking toward the future?
Please feel free to join the discussion by posting a comment
below…"
http://www.washingtonsblog.com/2015/10/goodbye-middle-class-51-percent-of-all-american-workers-make-less-than-30000-dollars-a-year.html
What solution or solutions would you propose to increase the size of
the middle class?
mg
2018-04-08 17:08:52 UTC
Reply
Permalink
Raw Message
On Thu, 05 Apr 2018 17:44:14 -0700, El Castor
Post by El Castor
Post by mg
"Goodbye Middle Class: 51 Percent Of All American Workers
Make Less Than 30,000 Dollars A Year
Posted on October 21, 2015 by WashingtonsBlog
By Michael Snyder, End of the American Dream.
We just got more evidence that the middle class in America
is dying. According to brand new numbers that were just
released by the Social Security Administration, 51 percent
of all workers in the United States make less than $30,000 a
year. Let that number sink in for a moment. You can’t
support a middle class family in America today on just
$2,500 a month – especially after taxes are taken out. And
yet more than half of all workers in this country make less
than that each month. In order to have a thriving middle
class, you have got to have an economy that produces lots of
middle class jobs, and that simply is not happening in
America today.
You can find the report that the Social Security
Administration just released right here. The following are
some of the numbers that really stood out for me…
-38 percent of all American workers made less than $20,000
last year.
-51 percent of all American workers made less than $30,000
last year.
-62 percent of all American workers made less than $40,000
last year.
-71 percent of all American workers made less than $50,000
last year.
That first number is truly staggering. The federal poverty
level for a family of five is $28,410, and yet almost 40
percent of all American workers do not even bring in $20,000
a year.
If you worked a full-time job at $10 an hour all year long
with two weeks off, you would make approximately $20,000.
This should tell you something about the quality of the jobs
that our economy is producing at this point.
And of course the numbers above are only for those that are
actually working. As I discussed just recently, there are
7.9 million working age Americans that are “officially
unemployed” right now and another 94.7 million working age
Americans that are considered to be “not in the labor
force”. When you add those two numbers together, you get a
grand total of 102.6 million working age Americans that do
not have a job right now.
So many people that I know are barely scraping by right now.
Many families have to fight tooth and nail just to make it
from month to month, and there are lots of Americans that
find themselves sinking deeper and deeper into debt.
If you can believe it, about a quarter of the country
actually has a negative net worth right now.
What that means is that if you have no debt and you also
have ten dollars in your pocket that gives you a greater net
worth than about 25 percent of the entire country. The
following comes from a recent piece by Simon Black…
Credit Suisse estimates that 25% of Americans are in this
situation of having a negative net-worth.
“If you’ve no debts and have $10 in your pocket you have
more wealth than 25% of Americans. More than 25% of
Americans have collectively that is.”
The thing is– not only did the government create the
incentives, but they set the standard.
With a net worth of negative $60 trillion, US citizens are
just following dutifully in the government’s footsteps.
As a nation we are flat broke and most of us are living
paycheck to paycheck. It has been estimated that it takes
approximately $50,000 a year to support a middle class
lifestyle for a family of four in the U.S. today, and so the
fact that 71 percent of all workers make less than that
amount shows how difficult it is for families that try to
get by with just a single breadwinner.
Needless to say, a tremendous squeeze has been put on the
middle class. In many families, both the husband and the
wife are working as hard as they can, but it is still not
enough. With each passing day, more Americans are losing
their spots in the middle class and this has pushed
government dependence to an all-time high. According to the
U.S. Census Bureau, 49 percent of all Americans now live in
a home that receives money from the government each month.
Sadly, the trends that are destroying the middle class in
America just continue to accelerate.
With a huge assist from the Republican leadership in
Congress, Barack Obama recently completed negotiations on
the Trans-Pacific Partnership. Also known as Obamatrade,
this insidious new treaty is going to cover nations that
collectively account for 40 percent of global GDP. Just
like NAFTA, this treaty will result in the loss of thousands
of businesses and millions of good paying American jobs. Let
us hope and pray that Congress somehow votes it down.
Another thing that is working against the middle class is
the fact that technology is increasingly taking over our
jobs. With each passing year, it becomes cheaper and more
efficient to have computers, robots and machines do things
that humans once did.
Eventually, there will be very few things that humans will
be able to do more cheaply and more efficiently than
computers, robots and machines. How will most of us make a
living when that happens?…
The robopocalypse for workers may be inevitable. In this
vision of the future, super-smart machines will best humans
in pretty much every task. A few of us will own the
machines, a few will work a bit… while the rest will live
off a government-provided income… the most common job in
most U.S. states probably will no longer be truck driver.
For decades, we have been training our young people to have
the goal of “getting a job” once they get out into the real
world. But in America today there are not nearly enough
good jobs to go around, and this crisis is only going to
accelerate as we move into the future.
I do not believe that it is wise to pin your future on a
corporation that could replace you with a foreign worker or
a machine the moment that it becomes expedient to do so. We
need to start thinking differently, because the paradigms
that worked in the past are fundamentally breaking down.
So what advice would you give to a young adult today that is
looking toward the future?
Please feel free to join the discussion by posting a comment
below…"
http://www.washingtonsblog.com/2015/10/goodbye-middle-class-51-percent-of-all-american-workers-make-less-than-30000-dollars-a-year.html
What solution or solutions would you propose to increase the size of
the middle class?
Some of the things on my solutions wish list would be:

1. Eliminate corruption.

2. Make the income tax system more progressive

3. Eliminate the cap on Social Security and increase employer-employee
contribution amount.

4. Replace the money that Obama took from Medicare and establish a
national healthcare system.

5. Require a formal declaration of war before taking military action
against another country and require strict compliance with the UN
Charter. Make it illegal to do in the US what we hanged Nazis at
Nuremberg for doing.

6. Completely rescind Bill Clinton's Financial Servcies Modernization
Act.

7. Completely rescind Bill Clinton's Telecommunications Act which
allowed giant media corporations to increase their monopoly power.

8. Eliminate the loopholes, including super delegates that allow
political parties to engage in fraudulent practices.

9. Implement a referendum system for the federal government similar to
the California system.

10. Implement a nonpartisan blanket primary for the federal government
similar to the California system.

11. Implement laws that encourage employers to give a fair share of
productivity gains to employees.

12. Implement term limits.

13. Appoint a special commission to carefully examine our trade
practices and agreements every 5 years to make sure that other
countries aren't cheating and to make sure we are competing on a level
playing field. .

14. Create a new law that doesn't permit any tax cuts when the US is
producing deficits beyond a certain limit, e.g.: 25% of GDP. Rescind
all tax cuts going back 50 years when deficits exceed 75% of GDP.

15. Reduce immigration to 50,000 emigrants per year until the total
population is reduced to a sustainable level. Allow temporary worker
visas only for farm workers, or employers who have a truly critical
labor shortage and critical national defense purposes.

16. Rescind the anchor baby law.
Josh Rosenbluth
2018-04-08 17:54:11 UTC
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Raw Message
Post by mg
On Thu, 05 Apr 2018 17:44:14 -0700, El Castor
{snip}
Post by mg
Post by El Castor
What solution or solutions would you propose to increase the size of
the middle class?
1. Eliminate corruption.
2. Make the income tax system more progressive
3. Eliminate the cap on Social Security and increase employer-employee
contribution amount.
4. Replace the money that Obama took from Medicare and establish a
national healthcare system.
5. Require a formal declaration of war before taking military action
against another country and require strict compliance with the UN
Charter. Make it illegal to do in the US what we hanged Nazis at
Nuremberg for doing.
We have had dirty hands in our foreign policy over the years, but to
equate our actions with Nazi war crimes is way overboard.
Post by mg
6. Completely rescind Bill Clinton's Financial Servcies Modernization
Act.
7. Completely rescind Bill Clinton's Telecommunications Act which
allowed giant media corporations to increase their monopoly power.
8. Eliminate the loopholes, including super delegates that allow
political parties to engage in fraudulent practices.
9. Implement a referendum system for the federal government similar to
the California system.
I hate the California referendum system. We have far too many
initiatives, some of which conflict with others (I couldn't tell what a
"yes" or "no" vote meant on a pair of conflicting measures) and some of
which are plain stupid (should porn stars be required to wear condoms).
Post by mg
10. Implement a nonpartisan blanket primary for the federal government
similar to the California system.
11. Implement laws that encourage employers to give a fair share of
productivity gains to employees.
12. Implement term limits.
13. Appoint a special commission to carefully examine our trade
practices and agreements every 5 years to make sure that other
countries aren't cheating and to make sure we are competing on a level
playing field. .
14. Create a new law that doesn't permit any tax cuts when the US is
producing deficits beyond a certain limit, e.g.: 25% of GDP. Rescind
all tax cuts going back 50 years when deficits exceed 75% of GDP.
15. Reduce immigration to 50,000 emigrants per year until the total
population is reduced to a sustainable level. Allow temporary worker
visas only for farm workers, or employers who have a truly critical
labor shortage and critical national defense purposes.
16. Rescind the anchor baby law.
The "anchor baby law" is the 14th Amendment.
mg
2018-04-09 00:13:55 UTC
Reply
Permalink
Raw Message
Post by Josh Rosenbluth
Post by mg
On Thu, 05 Apr 2018 17:44:14 -0700, El Castor
{snip}
Post by mg
Post by El Castor
What solution or solutions would you propose to increase the size of
the middle class?
1. Eliminate corruption.
2. Make the income tax system more progressive
3. Eliminate the cap on Social Security and increase employer-employee
contribution amount.
4. Replace the money that Obama took from Medicare and establish a
national healthcare system.
5. Require a formal declaration of war before taking military action
against another country and require strict compliance with the UN
Charter. Make it illegal to do in the US what we hanged Nazis at
Nuremberg for doing.
We have had dirty hands in our foreign policy over the years, but to
equate our actions with Nazi war crimes is way overboard.
I don't think that it's way overboard, but if you think the US is
innocent, then you shouldn't object to creating such a law.
Post by Josh Rosenbluth
Post by mg
6. Completely rescind Bill Clinton's Financial Servcies Modernization
Act.
7. Completely rescind Bill Clinton's Telecommunications Act which
allowed giant media corporations to increase their monopoly power.
8. Eliminate the loopholes, including super delegates that allow
political parties to engage in fraudulent practices.
9. Implement a referendum system for the federal government similar to
the California system.
I hate the California referendum system. We have far too many
initiatives, some of which conflict with others (I couldn't tell what a
"yes" or "no" vote meant on a pair of conflicting measures) and some of
which are plain stupid (should porn stars be required to wear condoms).
Post by mg
10. Implement a nonpartisan blanket primary for the federal government
similar to the California system.
11. Implement laws that encourage employers to give a fair share of
productivity gains to employees.
12. Implement term limits.
13. Appoint a special commission to carefully examine our trade
practices and agreements every 5 years to make sure that other
countries aren't cheating and to make sure we are competing on a level
playing field. .
14. Create a new law that doesn't permit any tax cuts when the US is
producing deficits beyond a certain limit, e.g.: 25% of GDP. Rescind
all tax cuts going back 50 years when deficits exceed 75% of GDP.
15. Reduce immigration to 50,000 emigrants per year until the total
population is reduced to a sustainable level. Allow temporary worker
visas only for farm workers, or employers who have a truly critical
labor shortage and critical national defense purposes.
16. Rescind the anchor baby law.
The "anchor baby law" is the 14th Amendment.
me
2018-04-09 03:09:49 UTC
Reply
Permalink
Raw Message
A law to that effect already exists.
https://en.m.wikipedia.org/wiki/War_Powers_Clause
But it, as with so many other parts, is an inconvenience corrected by more convenient interpretation and rationalization.
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