Here's What The Disappearing Middle Class Looks Like

[passiveporcupine]

28. Is poverty rate really declining?

Is that based on real wages, on or including assistance from the government? Because that is not what some ecologists are saying.

Where are your links? I'm not seeing that in what I'm finding on-line.

And where is your proof that Hillary is gong to raise the national minimum wage to anything that offsets the current inflation adjustment?

The wage she is shooting for is already lower than where the minimum wage should be based on inflation adjustments for all the years it hasn't budged (according to her she is bringing it up to where it was in 1968, but it is not inflation adjusted, so it's still lower than back then. Sanders' bill of $15/hour would phase in by 2020. Hillary's of $12, would phase in by 2022.

So six years from now, will $12 be a livable minimum wage? Or would $15 an hour four years from now be more livable?

Remember, we are trying to adjust the minimum wage so people no longer need social services to survive on a wage for a full-time job.

Here is a link to the shrinking of our middle class and the growing of the poverty and the wealthy class in the US:

With relatively fewer Americans in the middle-income tier, the economic tiers above and below have grown in significance over time.

Among American adults overall, including those from outside the 229 areas examined in depth, the share living in middle-income households fell from 55% in 2000 to 51% in 2014. Reflecting the accumulation of changes at the metropolitan level, the nationwide share of adults in lower-income households increased from 28% to 29% and the share in upper-income households rose from 17% to 20% during the period.

http://www.pewsocialtrends.org/2016/05/11/americas-shrinking-middle-class-a-close-look-at-changes-within-metropolitan-areas/