Is the US Middle Class on a Path with Extinction?

Is the US Middle Class on a Path with Extinction?
Is the US Middle Class on a Path with Extinction?
Is the US Middle Class on a Path with Extinction? Investopedia

Every campaign, pledges are made to save the middle class. Like clockwork. And, once the election is over so is the enthusiasm to do something constructive.

Today, on the Investopedia website, staff writer Aaron Hankin writes In America the Top 1% Are 70% Richer Than the Bottom 90%:

Despite unemployment in the U.S. at record lows, wage inflation remains subdued, pushing real wages lower, and what wage inflation there is goes to those who are already wealthy. Post-crisis and the demise of the U.S. manufacturing sector saw many in the rust-belt area out of work. With little or no qualifications they were forced into low paying jobs with no room for wage negotiation. This shift has suppressed low income wages for a decade. 

Will the current administration actually do something on this subject before the year is out? 

Read the source article at Investopedia

 


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