The middle class is disappearing..............Midmanagement jobs and professional positions are being slowly eliminated being replaced by lower wage service jobs. Higher level jobs require intensive knowledge of computer and information technology. Even higher level jobs require more educational and/or technological specifications. Jobs requiring computer and technological expertise are increasing and those without such skills are becoming part of the underclass poor, slipping through the income cracks. The rich are becoming megarich while the middle class is becoming "the new lower class" and the poor are becoming destitute! What is your premise regarding this?
In 2000, people making between $50K and $75K paid the same share in taxes as those making more than $87 million: http://mojo.ly/HGS10V
No, not at all. What I am saying that there is now a new paradigm and world order. In order to become wealthy or at least upper middle class, one must acquire advanced mathematical and technological skills because high paying jobs are in the technological and/or computer area. Those who do not possess mathematical and technological skills are doomed to work at lower paying service jobs. That is all I am saying. Computer and technological skills are prerequisite these day and those who do not have computer and related skills are going to be left behind........way way behind!
Yeah right. Our last three Presidents were C students, Bill Gates dropped out of college, Warren Buffet can’t work an iPhone, and Carlos Slim failed math. The reason for income disparity is geography. Living in cities cost more. Take that income disparity and run it through a function that takes into account the costs of living and things level off. A person living in a smaller city in the heartland can live pretty well on 30K. A person making over six figures in Chicago, NYC or LA, they are barely making it.
I have to agree with a lot of that. If being smart automatically made you rich I'd feel pretty good about the state of things in general. Hell, I might just be in the 1% myself (Disclaimer: Being smart will not prevent you from being dumb).
On the flip side, there are plenty of blue collar workers who make six figures.
by IDONO 3 years ago
If the rich get richer, and the poor get poorer, how does the middle class shrink?Seems like more space is created and with population always increasing, seems like the middle class should expand, not shrink or disappear. Right?
by Grace Marguerite Williams 5 years ago
In the United States, the middle class as we know it is metamorphosing. Many people who were once middle and upper middle class are becoming disenfranchised due to being downsized and the outsourcing of jobs. This disenfranchisement is becoming prevalent to those in the helping and human...
by Grace Marguerite Williams 6 years ago
There has been tremendous increases in computerization. Those who do not have medium to advanced computer skills will not be able to have a middle income or better living standard. Those without computer skills will be the new poor. I read a book 15 years ago...
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