Posted 12 years ago on Oct. 7, 2011, 7:20 p.m. EST by MarkMiddleClass
This content is user submitted and not an official statement
WWhen I was 8 - Pittsburgh and Gary were pumping out steel, Detroit was the leading producer of cars, I-65 was under construction, we had just landed on the moon. A middle class family could afford to send their four kids to college and expected them to have a better life than they had. Most careers, whether white collar or blue collar, lasted a lifetime and ended with a pension and some retiree medical benefits. China was then called Red Communist China, considered our mortal enemies, “made in Japan” was sure sign of an inferior product, usually a toy and India was were Meditation came from.
Since then Corporations, largely driven to increase share hold profits, have lobbied congress to pass several bills (over several years), which in turn they took advantage up.
Free Trade Agreements were sold to the masses as more places to sell USA goods to. Instead we shipped our good Union, middle class, jobs and our production and quality technologies to our mortal enemy and all other countries that have below living wage labor rates and populations that can be exploited. Who in the USA has benefitted from this? Wall Street, the shareholders, upper management, and to an extent the USA employees of these companies have been the benefactors.
By the way I recognize that’s Unions played a role in driving corporation to seek a lower cost, more productive and cooperative workforce, but the middle class would have never existed, at the scale that it once did, without Unions.
Trickledown economics: making the rich, richer makes us all rich. How’s that worked out for you? For the past 15 years corporate tax rates having the lowest in modern history, the ratio between upper management salary and the average worker is a high as ever. The “Job Creators” have had over a decade to create Jobs, yet unemployment runs high.
The wealthiest among us are very smart in the ways of keeping, guarding and generate wealth. They have both the desire and the money to sway our Country into doing their bidding. They have great lawyers and tax advisers. They have lobbyist and politicians. They have leaders in multimedia broadcasting. Literally billions of dollars spent to drive political leadership and policy that maintain or enhance their wealth.
We each have only two things in our favor, our vote and the fact that we vastly out number the wealthiest among us.