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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (600825)2/16/2011 10:52:25 PM
From: TimF  Read Replies (1) of 1571123
 
How the middle class became the underclass

They didn't.

In 1980, workers with a high school diploma earned about 71% of what college-educated workers made. In 2010, that number fell to 55%.

In 2010 a larger percentage of people where college educated. Your not comparing equivalent groups. The normal level of education (at least in terms of years of formal education) has moved up.

While that's helped the American economy grow, the benefits have been disproportionately reaped by the wealthy.

If you get a big benefit than you are wealthy, but much of the benefit went to people who where not formally wealthy. There is a fair amount of social mobility, also people tend to accumulate wealth over time.

As for the koolaid that's being passed around, its the idea that more government control is good for the economy.
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