UNI88, Chizzy, and Pitchfork Economics

[CAA Flagship]

They're all upper class now, duh.

And otherwise, as long as Flaggy and Z can still dream of someday kicking the ladder down behind them, why should they care?

I just asked a question on the data.
I agree that Obama failed the middle class.

[kalm]

And otherwise, as long as Flaggy and Z can still dream of someday kicking the ladder down behind them, why should they care?

I just asked a question on the data.
I agree that Obama failed the middle class.

Yep....due to reaganomic policies.

[CAA Flagship]

I just asked a question on the data.
I agree that Obama failed the middle class.

Yep....due to reaganomic policies.

No. Thumbintheassedness.

[Grizalltheway]

Yep....due to reaganomic policies.

No. Thumbintheassedness.

No

[GannonFan]

I think we could argue about who gets paid first - an unstable pension system that was never realistic shouldn't necessarily be the first thing paid in full, IMO, especially if it was a primary factor in the company failing in the first place - but I think a good compromise can be something that limits, significantly, any profit that is made from a failed venture, especially profits made by the small few, and especially taking into account the profits made long before they went for bankruptcy. We pay back shareholders earlier because we don't want to scare off people from investing in the first place - in the larger picture, sending a scare like that into the investing community would be far more devastating to the overall economy.

The old Financial sector "Scare Fallacy"
Don't do anything to frighten the billionaires and hedge fund managers
or they'll crash the Global Economy

This fallacy along with Trickle Down is how we got where we are today
Make sure you benefit the elite wealthy the most and they will give away their money to the middle
don't scare them - they scare easily

And yet here we are
With a declining middle class and home prices off the charts and the rich getting massively rewarded



GannonFan has been on a roll lately

Drama much? I get it that thinking about the nuances of how to solve problems like these tend to be more thinking that you are either capable of or willing to expend. Much better to descend into quick, meme-worthy catchphrases. Outrage all the time every time doesn't really get us very far. By all means, continue to vent.

[CAA Flagship]

No. Thumbintheassedness.

No

Dickintheassedness?

[Grizalltheway]

No

Dickintheassedness?

Whatever floats your boat.

[CID1990]

Where’s the evidence? Somebody said that people are exiting the middle class upwards instead of downwards and that just resulted in a bunch of:

blah blah blah dunce hats blah blah blah Reaganomics

I’m open to hard cold facts on where the middle class is going and why

But SOMEBODY is buying all these grossly overpriced efficiency apartments in the economic Meccas in WA, CA, and just about every other city over a million people in this country. Who are they?

[CAA Flagship]

Where’s the evidence? Somebody said that people are exiting the middle class upwards instead of downwards and that just resulted in a bunch of:

blah blah blah dunce hats blah blah blah Reaganomics

I’m open to hard cold facts on where the middle class is going and why

But SOMEBODY is buying all these grossly overpriced efficiency apartments in the economic Meccas in WA, CA, and just about every other city over a million people in this country. Who are they?

It's these people:

https://www.statista.com/statistics/184 ... by-gender/

[Chizzang]

Where’s the evidence? Somebody said that people are exiting the middle class upwards instead of downwards and that just resulted in a bunch of:

blah blah blah dunce hats blah blah blah Reaganomics

I’m open to hard cold facts on where the middle class is going and why

But SOMEBODY is buying all these grossly overpriced efficiency apartments in the economic Meccas in WA, CA, and just about every other city over a million people in this country. Who are they?

First read the Pew research article on the previous page
Then you can ask a question

[CAA Flagship]

Another stat from the podcast was that in the 70's something like 75% of americans were considered middle class and that number has now fallen below 50%. This was also mentioned in Chizzy's article.

Bingo..!!!
Middle class used to comprise over two thirds of american families
Now it's less than half of American families

Here is an update from your same source:
http://www.pewresearch.org/fact-tank/20 ... -families/

1. Middle class is MORE than half, not less.
2. There is basically a shift of 4% from Upper/Middle to Lower from 1971 to 2016
3. As of 12/2018, the US Labor Force is 63.1% of the population. In the early 70's, it was around 61%.
https://www.thebalance.com/labor-force- ... es-3305805
4. It's pretty clear where the increase in jobs came from.
https://en.wikipedia.org/wiki/List_of_f ... ant_chains
And that list does not include coffeehouses. The percentage of "Low Income" jobs in these companies is very high.

[CID1990]

Where’s the evidence? Somebody said that people are exiting the middle class upwards instead of downwards and that just resulted in a bunch of:

blah blah blah dunce hats blah blah blah Reaganomics

I’m open to hard cold facts on where the middle class is going and why

But SOMEBODY is buying all these grossly overpriced efficiency apartments in the economic Meccas in WA, CA, and just about every other city over a million people in this country. Who are they?

First read the Pew research article on the previous page
Then you can ask a question

I did read it, Mr Schoolmarm

And once I waded through all the chaff it looks like slightly more middle class families are moving up than are moving down

I’m wondering how many “middle class” families are living in the cities... like Seattle vs Austin

[Chizzang]

First read the Pew research article on the previous page
Then you can ask a question

I did read it, Mr Schoolmarm

And once I waded through all the chaff it looks like slightly more middle class families are moving up than are moving down

I’m wondering how many “middle class” families are living in the cities... like Seattle vs Austin

Actually
The Middle Class are making more money but have lower buying power



The middle class is EXPLODING in Seattle
Some days it seems like everybody in Seattle is upper middle or flat out rich

[AZGrizFan]

Another stat from the podcast was that in the 70's something like 75% of americans were considered middle class and that number has now fallen below 50%. This was also mentioned in Chizzy's article.

Bingo..!!!
Middle class used to comprise over two thirds of american families
Now it's less than half of American families

So what? More are moving up than are moving down.

[kalm]

Bingo..!!!
Middle class used to comprise over two thirds of american families
Now it's less than half of American families

So what? More are moving up than are moving down.

Said Mr. 49%.

[AZGrizFan]

So what? More are moving up than are moving down.

Said Mr. 49%.

A little ^^^^