September 18, 2011
A rising tide?
The Economic Policy Institute reports (here) that "the richest 5 percent of households obtained roughly 82 percent of all the nation’s gains in wealth between 1983 and 2009." Meanwhile, "[t]he bottom 60 percent of households actually had less wealth in 2009 than in 1983."
The rising tide is biased in favor of the "job creators," who are now well positioned to create rules that favor them and to dismantle any existing regulation that they dislike (who needs 'clean air' anyway? The companies that make HEPA filters are people, too!). But the "job creators" never promised to create jobs here, or pay a living wage, or provide decent benefits.
Posted by: Pamela Schulze | Sep 18, 2011 11:58:20 AM
That sounds accurate. For the past 20 years, the economic gap between the upper class and the middle class has been widening.
Posted by: Oklahoma City Divorce Lawyers | Sep 18, 2011 1:44:50 PM