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Why does America's upper class make life so difficult for its middle class?

Written by Kenneth Thomas Wednesday, 21 September 2011 20:39
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"This is not class warfare. It's math," President Obama said on Monday.

There is an important element of truth to this but, as Paul Krugman points out, there has been an "actual class war that has taken place over the past 30 years — namely class warfare for the rich against the middle class." He points to four major elements to this: tax cuts for the rich; a decline in the inflation-adjusted minimum wage (which peaked in 1968 at $10.04 in 2010 dollars); union-busting; and the deregulation of financial markets.

In fact, the war on the middle class goes back even further than that...

To read more visit Kenneth Thomas's blog at:

http://middleclasspoliticaleconomist.blogspot.com/2011/09/historical-notes-on-class-warfare.htm


Ken is Associate Professor of Political Science, University of Missouri-St. Louis.

Last modified on Wednesday, 21 September 2011 20:52

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