Canadian middle class passes American- Thanks Reaganism...

[CrusaderFrank]

According to a New York Times report, the rich in the US are getting richer, but the poor and middle classes are falling behind some of their Western peers.

"Middle-class incomes in Canada - substantially behind in 2000 - now appear to be higher than in the United States," David Leonhardt and Kevin Quealy write. "The poor in much of Europe earn more than poor Americans."

The UK median income is still behind that of the US, but it's catching up fast - a 19.7% increase since 2000. This is the same increase as Canada's, whereas the US number was up by only 0.3%. (It's worth noting that Germany's middle class is also stagnating - at 1.4%.)

The Times reporters based their conclusions on a survey of household incomes in about 20 countries over the course of 35 years, taking into account inflation, differences in taxes, government benefits and cost of living in different locations.

"With a big share of recent income gains in this country flowing to a relatively small slice of high-earning households, most Americans are not keeping pace with their counterparts around the world," they write.

The reporters point to three reasons why all but the wealthiest American may be falling behind:

First, educational attainment in the United States has risen far more slowly than in much of the industrialized world over the last three decades, making it harder for the American economy to maintain its share of highly skilled, well-paying jobs…

A second factor is that companies in the United States distribute a smaller share of the bounty to the middle class and poor than similar countries elsewhere…

Finally, governments in Canada and Western Europe take more aggressive steps to raise the take-home pay of low- and middle-income households by redistributing income.

The struggle for middle- and lower-class Americans is reflected in public opinion polls, the reporters write, which generally show greater dissatisfaction with their government than in other Western nations.

BBC News - Canada passes US in middle-class wealth

Could we PLEASE have the rich pay their fair share so we can invest in America and Americans? This is getting ridiculous, hater dupes. See sig pp 1...

Government does not invest in anything except increasing government employment and enlarging bureaucracy.

Then why is our government smaller than it was 50 years ago?

Are you insane?

 

[Stephanie]

Government does not invest in anything except increasing government employment and enlarging bureaucracy.

Then why is our government smaller than it was 50 years ago?

Are you insane?

wow..amazing
that's a government tool through and through

 

[FJO]

According to a New York Times report, the rich in the US are getting richer, but the poor and middle classes are falling behind some of their Western peers.

"Middle-class incomes in Canada - substantially behind in 2000 - now appear to be higher than in the United States," David Leonhardt and Kevin Quealy write. "The poor in much of Europe earn more than poor Americans."

The UK median income is still behind that of the US, but it's catching up fast - a 19.7% increase since 2000. This is the same increase as Canada's, whereas the US number was up by only 0.3%. (It's worth noting that Germany's middle class is also stagnating - at 1.4%.)

The Times reporters based their conclusions on a survey of household incomes in about 20 countries over the course of 35 years, taking into account inflation, differences in taxes, government benefits and cost of living in different locations.

"With a big share of recent income gains in this country flowing to a relatively small slice of high-earning households, most Americans are not keeping pace with their counterparts around the world," they write.

The reporters point to three reasons why all but the wealthiest American may be falling behind:

First, educational attainment in the United States has risen far more slowly than in much of the industrialized world over the last three decades, making it harder for the American economy to maintain its share of highly skilled, well-paying jobs…

A second factor is that companies in the United States distribute a smaller share of the bounty to the middle class and poor than similar countries elsewhere…

Finally, governments in Canada and Western Europe take more aggressive steps to raise the take-home pay of low- and middle-income households by redistributing income.

The struggle for middle- and lower-class Americans is reflected in public opinion polls, the reporters write, which generally show greater dissatisfaction with their government than in other Western nations.

BBC News - Canada passes US in middle-class wealth

Could we PLEASE have the rich pay their fair share so we can invest in America and Americans? This is getting ridiculous, hater dupes. See sig pp 1...

Class envy troll thread...

Well somebody has been holding down wage growth for middle class over three decades and that's despite record productivity.
It seems there is an ideology who could give a shit about the middle class. The middle class has every right to be pissed and it isn't class envy!
It seems just about every economist agrees, the middle class has severely been weakened.

If the cost of living does not increase, wages do not need to increase.

Increased productivity is due to technological advances, developed and paid for by companies. Productivity, based on actual, physical human effort is probably down, because more breaks during working hours and more vacations.

Every time I was pissed with my employer, I looked for and found another employer, gave my two weeks notice and quit. Eventually I found the company where I worked for almost 38 years, with mutual satisfaction.

There were times when I felt that I was passed over for a raise or promotion, but I always realized that sometimes we don't get what we want.

A never resented or envied those who got ahead of me on the promotional ladder or on the pay scale, because there were others whom I passed the same way I was passed.

And mainly because I am not a liberal and live and always have lived in the real world.

I am pretty much middle class and quite comfortable with my well earned retirement and in spite of the occasional set back in my life I don't feel that I have been weakened in any way.

 

[LogikAndReazon]

Poor Americans need a savior like Fidel, Hugo, Che, Ortega, or Mao.... Not a centrist pretender like barack hussein....

 

[Edgetho]

According to a New York Times report, the rich in the US are getting richer, but the poor and middle classes are falling behind some of their Western peers.

"Middle-class incomes in Canada - substantially behind in 2000 - now appear to be higher than in the United States," David Leonhardt and Kevin Quealy write. "The poor in much of Europe earn more than poor Americans."

The UK median income is still behind that of the US, but it's catching up fast - a 19.7% increase since 2000. This is the same increase as Canada's, whereas the US number was up by only 0.3%. (It's worth noting that Germany's middle class is also stagnating - at 1.4%.)

The Times reporters based their conclusions on a survey of household incomes in about 20 countries over the course of 35 years, taking into account inflation, differences in taxes, government benefits and cost of living in different locations.

"With a big share of recent income gains in this country flowing to a relatively small slice of high-earning households, most Americans are not keeping pace with their counterparts around the world," they write.

The reporters point to three reasons why all but the wealthiest American may be falling behind:

First, educational attainment in the United States has risen far more slowly than in much of the industrialized world over the last three decades, making it harder for the American economy to maintain its share of highly skilled, well-paying jobs…

A second factor is that companies in the United States distribute a smaller share of the bounty to the middle class and poor than similar countries elsewhere…

Finally, governments in Canada and Western Europe take more aggressive steps to raise the take-home pay of low- and middle-income households by redistributing income.

The struggle for middle- and lower-class Americans is reflected in public opinion polls, the reporters write, which generally show greater dissatisfaction with their government than in other Western nations.

BBC News - Canada passes US in middle-class wealth

Could we PLEASE have the rich pay their fair share so we can invest in America and Americans? This is getting ridiculous, hater dupes. See sig pp 1...

Whose watch did it happen on?

Fucking geniuses. Swear to God. How do you people survive without accidentally killing yourselves on a daily basis?

amazing

 

[jasonnfree]

Franco you have hit a new low. You are not worthy to polish Reagan's spit can.

Next week you will be posting how Republicans can't win elections. How since Bush SR. Democrats have held the presidency for 13 of the 21 years. How the democrats control the Senate. But with democrats controlling the government for the last 7 years you wish to blame the man whose policies ushered in the greatest peacetime expansion of the economy in history. Yet you fail to mention the utter damage that Clinton did with his "free" trade agreements. It was predicted and is coming true. And you obviously can't realize or ignore the fact that you can't flood the country with low educated poor people just to get votes and not have it effect the economy. No you ignore all of that and blame the last president that made a person feel good to be an American. A man that put America first all the while ignoring the damage the Kenyan in the WH has done to the country.

You are a sad little man franco.

Reagan was a demented disaster- tripled the debt and set the country on the road to ruin. Pubs forgot to invest in training, the other half of free trade- Everyone knew the labor intensive manufacturing would leave...



''The Demise of the American Middle Class In Numbers.

Over the past 60 years the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

Over the past 63 years worker productivity has grown by 2.0% per year.

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%

A 13% drop since 1980

2. THE TOP 10% GET A LARGER SHARE.

Share of National Income going to Top 10%:

1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%

An increase of 16% since Reagan.

3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.

The savings Rose up to Reagan and fell during and after.

1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)

A 12.3% drop after Reagan.

4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.

Household Debt as percentage of GDP:

1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%

A 45% increase after 1980.

5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.

Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:

1980 = 10%
2003 = 56%

A 5.6 times increase.

6. AND THE AMERICAN DREAM IS GONE.

The Probably of Moving Up from the Bottom 40% to the Top 40%:

1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%

A 10% Decrease.

Links:

1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 = Clipboard01.jpg (image)
2 – Congratulations to Emmanuel Saez | The White House
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = http://www.bea.gov/national/nipaweb...able=58&Freq=Qtr&FirstYear=2008&LastYear=2010
4 = http://www.prudentbear.com/index.php/household-sector-debt-of-gdp
4 = FRB: Z.1 Release--Financial Accounts of the United States--March 6, 2014
5/6 = Wealth And Inequality In America - Business Insider

Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts''
''

Well, as long as the gains in productivity go to the top earners and corporations, we're in good shape. We just have to wait for that "trickle down" bonus that Reagan promised us, to kick in. Be patient, it's only been thirty or thirty five years since he said that.

 

[FJO]

According to a New York Times report, the rich in the US are getting richer, but the poor and middle classes are falling behind some of their Western peers.

"Middle-class incomes in Canada - substantially behind in 2000 - now appear to be higher than in the United States," David Leonhardt and Kevin Quealy write. "The poor in much of Europe earn more than poor Americans."

The UK median income is still behind that of the US, but it's catching up fast - a 19.7% increase since 2000. This is the same increase as Canada's, whereas the US number was up by only 0.3%. (It's worth noting that Germany's middle class is also stagnating - at 1.4%.)

The Times reporters based their conclusions on a survey of household incomes in about 20 countries over the course of 35 years, taking into account inflation, differences in taxes, government benefits and cost of living in different locations.

"With a big share of recent income gains in this country flowing to a relatively small slice of high-earning households, most Americans are not keeping pace with their counterparts around the world," they write.

The reporters point to three reasons why all but the wealthiest American may be falling behind:

First, educational attainment in the United States has risen far more slowly than in much of the industrialized world over the last three decades, making it harder for the American economy to maintain its share of highly skilled, well-paying jobs…

A second factor is that companies in the United States distribute a smaller share of the bounty to the middle class and poor than similar countries elsewhere…

Finally, governments in Canada and Western Europe take more aggressive steps to raise the take-home pay of low- and middle-income households by redistributing income.

The struggle for middle- and lower-class Americans is reflected in public opinion polls, the reporters write, which generally show greater dissatisfaction with their government than in other Western nations.

BBC News - Canada passes US in middle-class wealth

Could we PLEASE have the rich pay their fair share so we can invest in America and Americans? This is getting ridiculous, hater dupes. See sig pp 1...

Whose watch did it happen on?

Fucking geniuses. Swear to God. How do you people survive without accidentally killing yourselves on a daily basis?

amazing

Just as much to, or perhaps, more to the point, if the Canadian middle class, indeed, surpassed the American middle class, it happened under the Conservative Prime Minister Stephen Harper.

 

[Darkwind]

Middle class always shrinks when government expands.

Blaming Reagan is really out there.

 

[Lovebears65]

Umm last time I check Reagan is dead and no longer president and Obama is . But of course you dems cant BLAME anything on Obama

According to a New York Times report, the rich in the US are getting richer, but the poor and middle classes are falling behind some of their Western peers.

"Middle-class incomes in Canada - substantially behind in 2000 - now appear to be higher than in the United States," David Leonhardt and Kevin Quealy write. "The poor in much of Europe earn more than poor Americans."

The UK median income is still behind that of the US, but it's catching up fast - a 19.7% increase since 2000. This is the same increase as Canada's, whereas the US number was up by only 0.3%. (It's worth noting that Germany's middle class is also stagnating - at 1.4%.)

The Times reporters based their conclusions on a survey of household incomes in about 20 countries over the course of 35 years, taking into account inflation, differences in taxes, government benefits and cost of living in different locations.

"With a big share of recent income gains in this country flowing to a relatively small slice of high-earning households, most Americans are not keeping pace with their counterparts around the world," they write.

The reporters point to three reasons why all but the wealthiest American may be falling behind:

First, educational attainment in the United States has risen far more slowly than in much of the industrialized world over the last three decades, making it harder for the American economy to maintain its share of highly skilled, well-paying jobs…

A second factor is that companies in the United States distribute a smaller share of the bounty to the middle class and poor than similar countries elsewhere…

Finally, governments in Canada and Western Europe take more aggressive steps to raise the take-home pay of low- and middle-income households by redistributing income.

The struggle for middle- and lower-class Americans is reflected in public opinion polls, the reporters write, which generally show greater dissatisfaction with their government than in other Western nations.

BBC News - Canada passes US in middle-class wealth

Could we PLEASE have the rich pay their fair share so we can invest in America and Americans? This is getting ridiculous, hater dupes. See sig pp 1...

Class envy troll thread...

 

[Stephanie]

oh darn I just ran across this
links and graphs at site

SNIP:
This Simple Graph Compares Reagan’s and Obama’s ‘Recoveries’

This Simple Graph Compares Reagan’s and Obama’s ‘Recoveries’

Also at the site
Six Kinds Of Awesome: Obama’s Latest Budget Would Tax You More Than Ever In U.S. History

Six Kinds Of Awesome: Obama’s Latest Budget Would Tax You More Than Ever In U.S. History

 

[ClosedCaption]

The rich have been getting richer through the entire Obama presidency maybe the left should direct their frustration over this to the current President and his ass kissing of the so called 1% instead of a man who has not been President since 89.

And at the same time you still think Obama is taking from the rich and giving to the poor..

Lord help these people

 

[Spoonman]

According to a New York Times report, the rich in the US are getting richer, but the poor and middle classes are falling behind some of their Western peers.

"Middle-class incomes in Canada - substantially behind in 2000 - now appear to be higher than in the United States," David Leonhardt and Kevin Quealy write. "The poor in much of Europe earn more than poor Americans."

The UK median income is still behind that of the US, but it's catching up fast - a 19.7% increase since 2000. This is the same increase as Canada's, whereas the US number was up by only 0.3%. (It's worth noting that Germany's middle class is also stagnating - at 1.4%.)

The Times reporters based their conclusions on a survey of household incomes in about 20 countries over the course of 35 years, taking into account inflation, differences in taxes, government benefits and cost of living in different locations.

"With a big share of recent income gains in this country flowing to a relatively small slice of high-earning households, most Americans are not keeping pace with their counterparts around the world," they write.

The reporters point to three reasons why all but the wealthiest American may be falling behind:

First, educational attainment in the United States has risen far more slowly than in much of the industrialized world over the last three decades, making it harder for the American economy to maintain its share of highly skilled, well-paying jobs…

A second factor is that companies in the United States distribute a smaller share of the bounty to the middle class and poor than similar countries elsewhere…

Finally, governments in Canada and Western Europe take more aggressive steps to raise the take-home pay of low- and middle-income households by redistributing income.

The struggle for middle- and lower-class Americans is reflected in public opinion polls, the reporters write, which generally show greater dissatisfaction with their government than in other Western nations.

BBC News - Canada passes US in middle-class wealth

Could we PLEASE have the rich pay their fair share so we can invest in America and Americans? This is getting ridiculous, hater dupes. See sig pp 1...

reaganism? wtf? what have 4 terms of democratice leadership since reagan done to change what you liberal idiots claim is so wrong?

 

[Katzndogz]

obama's policies have the exact result they were expected to have. It's the Cloward Piven strategy in action.

 

[blackhawk]

The rich have been getting richer through the entire Obama presidency maybe the left should direct their frustration over this to the current President and his ass kissing of the so called 1% instead of a man who has not been President since 89.

And at the same time you still think Obama is taking from the rich and giving to the poor..

Lord help these people

The ones who need help are the ones who blame everyone but Obama for what happens under his presidency.

 

[editec]

Canadian middle class passes American- Thanks Reaganism...

Oh don't be so stingy with your praise

You know perfectly well the DEMOCRATS helped, too

 

[Edgetho]

oh darn I just ran across this
links and graphs at site

SNIP:
This Simple Graph Compares Reagan’s and Obama’s ‘Recoveries’

This Simple Graph Compares Reagan’s and Obama’s ‘Recoveries’

Also at the site
Six Kinds Of Awesome: Obama’s Latest Budget Would Tax You More Than Ever In U.S. History

Six Kinds Of Awesome: Obama’s Latest Budget Would Tax You More Than Ever In U.S. History

You mean this graph?

Numbers don't lie.

dimocraps lie, but numbers don't

 

[Edgetho]

And one other thing......

During the Administration of President of The United States, Ronald Wilson Reagan, the number of people entering the workforce was MUCH higher than it is today.

In fact, today population growth is practically non existent in the United States.

Not to mention the MILLIONS of people LEAVING the workforce.

And the Liar In Chief STILL manages to have a shit economy.

I'd say 'amazing' but we're talking about a dimocrap here. Dumbest fuckers to ever live. And dishonest, corrupt, deceitful, back-stabbing lying scum.

ALL of them

 

[Soggy in NOLA]

What the hell is Reaganism?

 

[ClosedCaption]

The rich have been getting richer through the entire Obama presidency maybe the left should direct their frustration over this to the current President and his ass kissing of the so called 1% instead of a man who has not been President since 89.

And at the same time you still think Obama is taking from the rich and giving to the poor..

Lord help these people

The ones who need help are the ones who blame everyone but Obama for what happens under his presidency.

Yeah if you were the boss of blame...Since you arent take blame for pretending Obama is funneling money to the poor while believing Obama is exclusively helping the rich.

You can ignore the contradiction all you want but that doesnt make it go away

 

[HereWeGoAgain]

The OPer must have been practicing....he's so rdean esque it's uncanny.