Grace,I consider the SOL to be a measure of what you can have socially and materially,quanity and quality of goods if you will, relative to ones income..... the only place where the SOL has risen (to the benefit of the people) to any significant degree would be China or India and then only for a small percentage of their populations....
Our, USA, SOL is headed South for all blue collar working class types...it is inevitable with over 2 Billion new workers entering the Global workforce, (China, India)it is already having a significant impact on our workforce and our SOL...
Norm today is for both husband and wife to be gainfully employed (if possible) just to keep up with the realities of the new middle class...the $300000 starter home, the 2 SUVs, ...
I see it all the time, friends of mine, he is a HS teacher, his wife is a nurse... 2 kids in day care most of the time...gross income $100000+ year...they Need that kind of money just to keep up with the new middle class...
another friend of mine... he drives a Forklift and his wife is at home raising their 2 children..gross income $50000...
$165000 home in tract house subdivision, 2 used cars, they struggle but are better off IMO...they are more of a family, they used to be considered middle class.
OUR SOL is going down because it cost's us more today to live in the middle class then it did in 1960 or 1970...and it is not getting any better...
Grace are you the Coffee lady from Scarsdale, NY....
regards |
