Friday, September 20, 2013
Salon's Edward McClelland: The Death of the American Middle Class
Edward McClelland's column is linked below.
Salon: The Demise of the U.S. Middle Class
"For the majority of human history – and in the majority of countries today – there have been only two classes: aristocracy and peasantry. It’s an order in which the many toil for subsistence wages to provide luxuries for the few. Twentieth century America temporarily escaped this stratification, but now, as statistics on economic inequality demonstrate, we’re slipping back in that direction. Between 1970 and today, the share of the nation’s income that went to the middle class – households earning two-thirds to double the national median – fell from 62 percent to 45 percent."
---Edward McClelland, Salon.com