Re: A Decade Of Flat Wages and The Shrinking Middle Class
posted at 8/27/2013 7:50 AM EDT
In response to Hansoribrother's comment:
Flat/shrinking wages are a real problem for the economy. There is a huge burden of consumer debt. That has to be paid off before consumption can take off as a growth mechanism for the economy. Stagnant wages do not help us overcome that problem.
Why are wages stagnant? If I knew the real answer I would not be sitting here typing rambling bullshiite into BDC.
I can guess though.
One reason is that our education system suucks. Probably even worse is that our culture shiites on excellence in education. Acheivers are ridiculed. Success is punished. I work in IT services. There is a huge shortage of talent in IT here in the US. Can someone riddle that for me? Stop complaining and start studying.
Secondly, we are more than happy to open our borders to labor competition. Republicans like it for business. Democrats like it for votes. The debasement of American citizenship is outrageous. Sanctuary cities and states should be refused federal $$. Employers of illegal aliens should be prosecuted and jailed.
If you want to do something about stagnant wages then abandon your support of policies that create it. Otherwise just Shut the fork up.
Another reason is the lack of governmental constraints on seizing of private property. Kelo, excessive taxation, Obamacare, all have their roots in the concept that we really don't own anything, except that which government allows us to pretend we own.
Like your point with education, the issues are in the foundation of our economic house, and will not be fixed by putting up new wallpaper in the (economic) living room.
What most people don't get is that this country was designed for a prosperous middle class, and many key protections are in the constitution, the very same constitution that seems to be mallable enough to say that government can take your home and give it to another private person (kelo), and mallable enough to tax you into obedience (obamacare). These things, government overreach, are killers to the concept of the middle class. The middle class thrives on seeking and creating value. If government weakens that drive, as it has with, for example, Kelo and obamacare, the middle class becomes a less interesting place to be, and it starts to disappear.
Until government reverses and restrains itself (unlikely), we will continue to to see the middle class shrink.