The American Middle Class Hasn’t Gotten A Raise In 15 Years 1

Nate Silver’s Five Thirty Eight web site has the article The American Middle Class Hasn’t Gotten A Raise In 15 Years.

Take the generation born in 1970. In early adulthood, these Americans outearned their parents, those born in 1950. But their gains stalled in the 2000s, when they were in their 30s. Now in their 40s, their earnings have fallen behind those of their parents at the same stage in their lives.

If you are in your 40s and you haven’t reached your economic expectations for this stage of your life, it’s probably not your fault. The world economy has turned against you because all the economic gains are being gobbled up by the top 1%.  The beauty of this for the top 1% is that you are struggling so hard, you don’t have time to do anything about this.

I have the solution for you though.  Stay away from the election on November 4th and turn the Senate over to the Republicans.  You’ll soon be unemployed and have plenty of  time to riot in the streets.

The Republicans may have stopped the Obama administration in its tracks, but at least we can be thankful that the Senate has the Republicans stopped in their tracks too.  Imagine if these people were to get their way.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

One thought on “The American Middle Class Hasn’t Gotten A Raise In 15 Years

  • Roger Goun

    Silliness. Just as the Republicans can prevent most progress in the Senate without having a majority, so will the Democrats if they lose the Senate. (Slightly more likely than not according to Silver, last time I looked.) And Obama will veto most of the nonsense that the Republican Congress passes, though some will slip though as riders on must-pass legislation.

    The real concern about a Republican Senate is that Obama’s judicial nominations won’t be confirmed. If one of the elderly liberals on the Supreme Court dies in the next couple of years, that would be a huge problem.