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Liberty News ForumLNF Forums HerePolitical Opinion Page - The Hot Seat › The middle class is shrinking and why that is not all bad
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Very Hot Topic (More than 25 Replies) The middle class is shrinking and why that is not all bad (Read 2,708 times)
TowardLiberty
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The middle class is shrinking and why that is not all bad
Dec 10th, 2015 at 3:05pm
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"Success is seen as a disaster when you care more about income inequality than mobility."

Quote:
Scott Shackford at Reason reports on Pew Study that is already being misinterpreted. This "shrinking because people are moving up" phenomenon has been going on for a number of years, and anyone who actually follows the data would find this to be unsurprising.

2009 Census Bureau data shows that between 1980 and 2006 the percentage of US households making less than $35,000 declined by 6.1 percentage points and those earning above $75,000 went up by11 percentage points. The difference reflects the net decline in the middle class, all of which reflects upward movement across all groups.

"It is true that Pew's analysis shows that the number of households that fit within their categorization of middle class has shrunk by 11 percentage points since 1971. It is true that the proportion of households that are classified as lower class has increased from 25 percent to 29 percent. But it is also true that the proportion of households that are classified as upper class has increased from 14 percent to 21 percent.

That is to say, part of the reason that the middle class is disappearing is that they are succeeding and jumping to the next bracket. And a greater number of them are moving up than moving down. Be wary of the assumption that the drop in the middle class is a sign of a crisis."




https://reason.com/blog/2015/12/10/the-middle-class-is-shrinking-because-th
  

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Re: The middle class is shrinking and why that is not all bad
Reply #1 - Dec 10th, 2015 at 3:38pm
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I couldn't care less about "income inequality." People need to stop worrying about how much other people make. If you're not happy with your income, work harder and smarter. Stop with the green envy.
  


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Harry_Seldon
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Re: The middle class is shrinking and why that is not all bad
Reply #2 - Dec 10th, 2015 at 4:15pm
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This is interesting, and suggests that those dependent on government are content to stay that way.
  
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notime
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Re: The middle class is shrinking and why that is not all bad
Reply #3 - Dec 10th, 2015 at 4:36pm
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Quote:
This is interesting, and suggests that those dependent on government are content to stay that way.


How does it suggest that?
  
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Harry_Seldon
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Re: The middle class is shrinking and why that is not all bad
Reply #4 - Dec 10th, 2015 at 4:37pm
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notime wrote on Dec 10th, 2015 at 4:36pm:
How does it suggest that?


Read it.
  
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notime
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Re: The middle class is shrinking and why that is not all bad
Reply #5 - Dec 10th, 2015 at 4:47pm
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Quote:
Read it.


I did. What in particular suggests that?
  
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Harry_Seldon
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Re: The middle class is shrinking and why that is not all bad
Reply #6 - Dec 10th, 2015 at 4:52pm
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notime wrote on Dec 10th, 2015 at 4:47pm:
I did. What in particular suggests that?


The demographics. The middle class is becoming better off by moving upwards. The middle class is also shrinking because the lower, more dependent classes are not moving upwards. This suggests that they are satisfied to stay dependent instead of putting forth the effort to move up.

  
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Re: The middle class is shrinking and why that is not all bad
Reply #7 - Dec 10th, 2015 at 4:57pm
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The middle class is also shrinking because the lower, more dependent classes are not moving upwards. This suggests that they are satisfied to stay dependent instead of putting forth the effort to move up.


Or it suggests some people are not able to do white collar work that makes them a lot of money.

Anyone who spends time in schools knows a lot of children will never be able to do white collar work when they grow up, not because they are lazy, but because they lack intelligence. Not that all white collar work is for genius's by any stretch, but generally one needs to at least be of average intelligence for most white collar work, and above average for some...and naturally, half of the population is below the average, right?


There is of course some blue collar work that can make one a lot of money, no doubt.
  


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Harry_Seldon
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Re: The middle class is shrinking and why that is not all bad
Reply #8 - Dec 10th, 2015 at 5:03pm
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Frank1 wrote on Dec 10th, 2015 at 4:57pm:
Or it suggests some people are not able to do white collar work that makes them a lot of money.

Anyone who spends time in schools knows a lot of children will never be able to do white collar work when they grow up, not because they are lazy, but because they lack intelligence. Not that all white collar work is for genius's by any stretch, but generally one needs to at least be of average intelligence for most white collar work, and above average for some...and naturally, half of the population is below the average, right?


There is of course some blue collar work that can make one a lot of money, no doubt.


Frank, blue collar jobs pay quite well. Anyone that will go to work and gain experience can move out of poverty excepting the mentally impaired.
  
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Re: The middle class is shrinking and why that is not all bad
Reply #9 - Dec 10th, 2015 at 5:08pm
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Frank, blue collar jobs pay quite well. Anyone that will go to work and gain experience can move out of poverty excepting the mentally impaired.


I am not sure if there are as many good paying blue collar jobs as there used to be, perhaps TL has statistics on the issue.

Obviously the general assumption of most is that good blue collar jobs are less available than in the past, but maybe that assumption is wrong.



  


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