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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: dalroi who wrote (110075)	1/25/2015 11:42:49 PM
From: elmatador	Respond to of 218449

Middle Class is a recent creation. Less than 100 years old. Industrialization and application of science created new industries. Countries applied mass education. All that created huge gains. These gains were passed to the lower classes that ascend to what we call middle classes. As a show case against communism the western world needed to show their system was better. But it has a limit on how many people can become middle class. There are people that are not fit for it. Parents don't value the education that one need to get into middle class. And one important point: Your back ground works against you. Your accent. You live too far from the where economic activities take place. You think that you can pretend to have what it takes without making the effort. You wait for the government to pave you the way to become middle class. The schools work to protect the access to middle class by putting barriers of entry into certain professions. By the 60s the wealth going around that would be unjust to keep certain segments out of middle class. In the US democrats -Kennedy and Johnson- proposed to bring people into middle class using public policies to advance the case of those left behind. It was possible because there was no competition from Latinos and Asians and Africans. Most economic activities that mattered were concentrated in Europe Japan and the US. Capitalists don't like that sort of thing. They look at their taxes going to advance people. They prefer their taxes (first to be kept in their pockets or being used for them to make more money. The important fact is that today there is not much money to go around as salaries, too much competition resulting from globalization, the owner of capital spread it more evenly seeking higher returns. The old middle classes of US, Japan and Europe have gotten lazy. Thus middle classes dwindled by two ways. There are less people going into it and more people dropping out of it. Middle Class Shrinks Further as More Fall Out Instead of Climbing Up nytimes.com