Kasz216 said:
Actually, wealth disparity is also a symptom of that. If you look at the data you'll see Individual Gini Coefficent has actually shrunk/stayed the same, while household and Family gini coefficent has increased.
1) There are far more single parent /single person households on the bottom end of the spectrum... 2) The rich are more often marrying the rich. Meaning it's much harder to "Marry up" out of poverty. (Due to women in the workplace, the rise of suburbs, gated communities.)
Again, this is not to say there isn't a very small 1% or more like .1% that are getting more and more rich. However, they aren't getting rich off the poor's backs, but at the expense of the lesser rich.
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I believe what you saw was that households went from one income to two incomes, and then divorce rates went up, so there was one bread winner in the house. The anything but the upper end flatlined actually, and other costs went up. Now add globalization and the loss of manufacturing jobs. And the bottom part, has fallen behind, if you factor in inflation. Globalization and competing with China plays a part. Most new jobs created are low end retail and low paid jobs. Stuff more immune to globalization is on low end, if can be done with a lot, or if benefitting from globalization (as in scarce globally) results in these people doing real well. America has run out of places to get more money to keep up. Credit cards are maxed out, and the borrow from equity is not there.
We pretty much have infrastructure with colleges at one level, and medical at one level, making costs to survive expensive, and the ability to pay not there. Currently, I am working a low paying helpdesk at home, and cheating severely to make it by not paying rent while staying with family. I am going to need to see what happens with my Medicaid. If I didn't have Medicaid actually, I probably wouldn't of been fixed enough to do a desk job (bad disk = no sitting, thus no desk job).







