I’m Dressed For Space, But I Cannot Go
The electronic duo Trust’s new song, Dressed For Space, off of their album Trst.
The electronic duo Trust’s new song, Dressed For Space, off of their album Trst.
The Article: The Middle Class Really is in a Three-Decade Slump by Kevin Drum in Mother Jones.
The Text: Did middle-class incomes really decouple from overall economic growth in the mid-70s? If you look at median family income vs. GDP per capita, the answer is yes. From 1950 through 1975, both grew at about the same rate. After that, median family income grew quite a bit slower than GDP per capita.
But wait! You need to make sure to calculate inflation the same way for both measures. And maybe GDP per capita is a bad measure. Plus you need to account for health insurance and other benefits when you calculate median income. And the number of people per household has changed over time. These are all legitimate issues. So Lane Kenworthy redrew the chart to compare apples to apples: median household income vs. average household income. Median income shows only the movement of households that are smack in the middle of the middle class, while average income is similar to overall economic growth since it depends on total national income.
As stated in the Christian Science Monitor many Americans place negative moral judgments on individuals based solely on their income level. And as the quote above illuminates, when the rich rob the poor, it’s called business. When the poor right back, it’s called violence.”
What will YOU do for your country?
A prominent investigative journalist says the US is using illegal depleted uranium during its wars in the Middle East, which causes a huge number of congenital deformities and cancers.