kerkko.fi

Median male incomes today are the same as they were in 1974 in the US. No progress has been made despite a doubling of productivity and massive top line GDP growth. Worse, given that female incomes are not on par with male incomes yet, the typical American family makes much less per hour worked than in 1974.

All of the requirements for entry into the middle class are now private expenses. From health care to a college education, if you cannot afford the minimum (let alone high quality versions), you are not allowed entry. Worse, those expenses are spiraling out of control at rates many times the rate of inflation. Nothing is being done to address this.

The system is geared to make us fail. Not only has offshoring just started (everything that can be moved offshore will be), we are being laden with unrepayable debt. To wit: there has been no job growth in the last decade (despite tens of millions in population growth) and total debt from all sources is still near all-time historical highs.

http://globalguerrillas.typepad.com/globalguerrillas/2010/01/you-are-in-control.html