georgephillip
Diamond Member
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- #3,321
Neoliberal economics hollowed out the US middle class after FDR's New Deal and the GI Bill created the biggest such economic cohort in world history.The siren song of 'get-rich-quick-without-getting-hands-dirty-by-going-to-college' hollowed out the working class allowing immigrants to fill the void. Prior to that Americans did those jobs.
![us-healthcare-costs-vs-middle-class-income-eanfar.org_.gif](https://ginifoundation.org/wp-content/uploads/us-healthcare-costs-vs-middle-class-income-eanfar.org_.gif)
"The gap between the rich and poor has risen dramatically since the 1980s. Real inflation-adjusted income to the Middle Class has been almost completely flat for decades.
"The poverty rate has increased significantly since the early-2000s. And the Labor Force Participation Rate has been falling and is at its lowest level in recorded history."
Neoliberal Case Study: The United States - Gini Foundation