Stupid responses for stupid statements. You can up the level of your discourse any time you want... if you can. Don't say we're not better off thanks to the achievements of rich men and then ignore the benefit those achievements gave society.OK, it is not that you needed to prove once more that you are a dumbass.
Look, I know that you are not a complete dumbass, you are just a whole lot of a hypocritical asshole.
So you're building castles in the clouds with what you want, not what is.
I stand corrected -- you are a dumbass. No really, you never got that quintiles vs the past thing?
Why have wages stagnated? Simple. We're now competing in a GLOBAL marketplace
OK, so you have an economy generating $1000 gross income. There are three guys sharing that income -- a poor bastard making 100, a guy in the middle making 200 and the rich guy making 700. A few years later the same three guys are generating $2000, shared this way: poor is still making 100, the average Joe is still making 200 and the rich guy makes 1700.
Now tell me, what China could possibly have to do with that development?
Sheesh!...
Also, if you could grasp the concept, China has the same effect on the US economy as technological advances -- there is no difference between the onslaught of a shiny bulldozer and that of a hundred low paid shovel wielding Chinese.
The effect that the global economy has had on the shrinking of the American middle class is that hundreds of thousands of great paying blue collar manufacturing jobs left the US and went elsewhere.That's the main reason why the middle class shrunk and until someone addresses that problem without this class warfare bullshit it isn't going to change.