Class Warfare Blog

July 6, 2017

One Used to Be Able to Assume at Least as Good of a Life than One’s Parents …

Science has the unenviable position of coming along and proving what everyone already knows. I remember reading newspaper stories stating amazement that scientists would even bother proving what everyone already knows. Silly creatures.

But “what everybody knows” doesn’t turn out to be correct all of the time. This is why one constantly checks one’s assumptions, as they can turn up to bite you where it hurts.

So, a new study firmly nails down that the lifetime earnings of Americans are in decline. We are producing new generations that will not do as well as prior one’s. And those results stem not from not working hard, but from the usual culprits, largely wage suppression by the plutocrats.

Read it and weep (Lifetime Incomes in the United States over Six Decades)! (The abstract is free, the article $5.)

And regarding the various claims as to who is waging class war, let it be known far and wide: it is those with the most money.

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2 Comments »

  1. Incomes down, but standard of living up. Up a lot. What’s not secure, and getting less secure, is old age financial security.

    Like

    Comment by john zande — July 6, 2017 @ 1:07 pm | Reply

    • It depends on how one defines standard of living. More cable TV channels, less real information. More microwave ovens, lesser quality food to cook in them. More food available, food processed to a ‘ner thee well by scumming corps. How is the “standard of living” so much better than six decades ago? Seems as if more people are working now as then (per family) but disposable income is down, etc.

      On Thu, Jul 6, 2017 at 1:07 PM, Class Warfare Blog wrote:

      >

      Like

      Comment by Steve Ruis — July 6, 2017 @ 1:13 pm | Reply


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