50% American wage stagnant for decades - dire consequences come to bear

[packman]

A retelling of what many already know, but the author/researcher gives the possible results we are living with today

"It’s a tale of two countries. For the 117 million U.S. adults in the bottom half of the income distribution, growth has been non-existent for a generation while at the top of the ladder it has been extraordinarily strong," say the authors summarizing the results. "An economy that fails to deliver growth for half of its people for an entire generation is bound to generate discontent with the status quo and a rejection of establishment politics."


And gave rise to all the creatures that arise from that morass of inequality


https://www.fastcoexist.com/3066370/income-inequality-keeps-growing-and-its-worse-than-we-thought

[TonyPDX]

1. More's the pity that so many at the very bottom voted against their own futures.

[greymattermom]

2. They just think that more of the same

Will result in more of the same. Time for new faces

[TonyPDX]

3. I hope the faces of Jeff Sessions, John Bolton, Rick Perry and the others look new to them.

[SubjectiveLife78]

5. Which they had already been doing

Who has been signing all these trade deals?

The issue is that neither party really has a way of fixing that. The world has opened up, AND the human population has to compete with machines. The US has maybe 5% of the human population. There's no such thing as an American job anymore. You're not needed.

[Calculating]

4. The problem is the bottom 50% tend to be uneducated

And uneducated people are easy to trick into voting against their own economic interests. Just gotta say some unsubstantiated junk about MAGA, and starting a trade war.

[pansypoo53219]

6. ad reagans distraction of unions is complete. to bad they didn't see the tinkle. not they are even

getting tinkle.

[jalan48]

7. I was in Canada visiting friends when Reagan fired the air traffic controllers (who were on strike).

My Canadian friends were shocked that this could happen. When I returned to the states and was traveling in Wisconsin I happened to be in a bar and the attitude there was the exact opposite. The patrons were telling one another the controllers deserved to be fired. I know this is anecdotal but the difference was astounding to me. I wondered at the time wtf was wrong with these folks.

[wiggs]

8. stagnant wages is one reason social security isn't meeting predictions for revenue. No

one in the 80s could have predicted that income growth would go to top 10% instead, who only pay into SS for first 116K or so. All the extra income doesn't help the trust fund which counted on it.

Still social security is fine now and just needs minor tweaks to get it past 2037 with 100% funding

[KamaAina]

9. The last person to talk about that was John Edwards.

But he had an affair, so that doesn't count.