Tuesday, December 21, 2010

More on the incredible shrinking middle class

A new report from The Working Poor Families Project illustrates how the unemployment numbers don't tell the full story of the impact of the Great Recession. Many folks with a steady job (even jobs that would be considered "good jobs") are sinking steadily into the ground. The recession may be officially over, but things aren't getting any better for low to moderate income families. In fact, they're getting worse. I joked (sorta) to my wife that 2011 is going to be the year of avoiding the bill collectors. Maybe I'll need to learn tap dancing from this guy!

Timothy Lange hits the nail on the head at Daily Kos:

It's almost tiresome to have to repeat that the acute problems pointed out in this report are firmly grounded in three decades of government policies that have promoted stagnant wages, off-shored jobs, union-busting, soaring income-and-wealth inequality, a weakened safety net, all of it combined with a relentless drive to keep going in the same direction. Most of our leaders fail to respond. Thus, this demolition juggernaut continues apace despite the impact it has and will continue to have on our economic well-being and, as Roberts and Povich say, "potentially even our cohesiveness as a nation."

It's not that there are no workable solutions. But deploying them will require far more than simple persuasion. Because these solutions are inimical to the interests of the beneficiaries of the policies that have brought us to this state of affairs. Like the powerful throughout human history, they will not release their grip willingly. It will take a sturdy, unified and relentless progressive movement to wrest power from those who have run roughshod over the majority of Americans for their own ends, using all the tools at their command.

More commentary @ The Atlantic Wire

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