A shrinking middle class isn’t necessarily a bad thing

[5n0man]

Thankfully there are other places in the country besides NY & CA.

The opportunity in other places aren't the same.

You aren't gonna find a job as easy in Ohio that pays like the cali jobs.

 

[Thabo]

Truth is...the "middle class" was always a lie.
It was a hustle that people bought into.

and what people thought was the middle class, will never return.
The "middle class" only existed for a short period of time in history.
When Europe was bombed out, Communism was still alive, and the 3rd world was totally on the bottom.

Basically, America was the only game in town, and there was no competition.
Things are completely different now.
You cant just think youre going to go to school and get a good job.

You have to treat yourself as a business.
There has never been more opportunity available in the world...so you have to actively go and get it...
...the flip side of that is...if you dont really hustle and get your skills up....you will be shyt out of luck.

If youre not focused on your money...youre going to be in a world of hurt in the coming years.

Explain Germany and Japan's middle class then. Middle classes disappear when you outsource all the manufacturing jobs. The same thing happened to Britain.

 

[Street Knowledge]

I thought everyone knew this

 

[newworldafro]

 

[CodeBlaMeVi]

I need more than the census bureau, I honestly don't see it being an accurate indicator when I've looked at reports for different places. Also all you hear are complaints about stagnate wages in this country. I also find something very questionable about shrinking middle class in the cities listed but a steady lower class. It goes against all reasoning.

It's household income not individual salaries. It's very possible to be true. 4 adults making $25k and staying in the same household qualifies. More adults are staying home longer than before so more household income means moving higher up as far as the census is concerned. My friends and I are planning on getting a bachelor pad and going Dutch so they means we'll be in the upper middle class.

 

[Robbie3000]

Those 100k jobs I mention that are prevalent in those areas are hard to find good luck

It's important to note that the article is referring to household income and not jobs. Most households have atleast two if not more people working as opposed to a generation ago when you had a lot of one income families.

Median wages haven't gone up at all hardly.

 

[I_Got_Da_Burna]

In order for it to be a "good thing", then there should be a transition of poor to middle class movement, right? All this suggests is that there's a deeper divide between the haves and have nots.

 

[CodeBlaMeVi]

In order for it to be a "good thing", then there should be a transition of poor to middle class movement, right? All this suggests is that there's a deeper divide between the haves and have nots.

Means less people are buying their own homes in both directions, can't afford or moving in together or back home.

 

[TLR Is Mental Poison]

Those 100k jobs I mention that are prevalent in those areas are hard to find good luck

100K jobs in general are no harder to get in big or small cities.

Most high paying jobs are concentrated in high cost areas though.

I live in Charlotte. In my social circle, I would say just over half my friends make over 100K, across a wide range of industries. Some doctors, some people in banking, some people in IT, and my wife who is a high level graphic designer/art director. You can get a really nice house down here for ~$300K Atlanta, DFW, Houston, Austin etc there are plenty of low cost cities with decent employment IF you have the skills.

fukked up thing is we make more $$$ down here than we were in NYC.

 

[TLR Is Mental Poison]

The opportunity in other places aren't the same.

You aren't gonna find a job as easy in Ohio that pays like the cali jobs.

What good is finding a job easily if you can't afford to live near it?

For my field it is easier to find a job in NY/CA, but that's not the case for less specialized fields.

 

[Deutsche Bank]

So I guess Bernie and his supporters can go fukk off, then.

 

[ExodusNirvana]

It's important to note that the article is referring to household income and not jobs. Most households have atleast two if not more people working as opposed to a generation ago when you had a lot of one income families.

Median wages haven't gone up at all hardly.

Don't forget the increasing cost of living

 

[jilla82]

Explain Germany and Japan's middle class then. Middle classes disappear when you outsource all the manufacturing jobs. The same thing happened to Britain.

Germans dont sell their people that dream of going to college.
The dummies (I dont mean that literally) go to Tech schools to learn a skill.

There are a lot of jobs that cant be filled in the U.S. because we are low on skilled workers.
Americans think they are too good to work w/ their hands.



Japan?
I honestly dont know that much about the Japanese...but they have a total different culture than us...they arent afraid of working long hours.

Those low wage manufacturing jobs are NEVER coming back.
Americans dont want to pay $30 for a T shirt you can get for $8 at Target.

I just finished watching a piece on the local news about a business that has been here for over a 100years.
The owner said that people just dont want to pay for American made goods.