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Actually, social mobility in the United States is declining (https://en.m.wikipedia.org/wiki/Socio-economic_mobility_in_the_United_States https://en.m.wikipedia
by dukeluke 10y ago
Actually, social mobility in the United States is declining (https://en.m.wikipedia.org/wiki/Socio-economic_mobility_in_the_United_States https://en.m.wikipedia.org/wiki/Socio-economic_mobility_in_t...) at a time when the difference between the top 1 percent and the bottom 1 percent is obscene. There are people in this country with tens of billions of dollars while others are going bankrupt due to medical bills or working paycheck to paycheck, unable to save for retirement.
But it's not even that the top 1 percent doing well that is the problem. It's that the top 1 percent is doing extraordinarily well in a time when the rest of the country(with the exception of a handful of cities in the US) is seeing a decline in quality of life. A rising economy should benefit everyone, but it seems to only be benefiting the capital owners right now, which is making a lot of people very angry.
- rebootthesystem 10y agoMy point. My only point. Is that the rich have nothing whatsoever to do with what you are describing. They don't have a secret club where they meet to conspire on how to keep people poor. No, they do what they do every day: Focus on their businesses and investments. The reason we have the problems we have are far more complex than simply blaming the rich. Part of it is that we've "bred" the drive to succeed out of most people. No, this wasn't some fantastic conspiracy. I think it happened naturally due to how the US has developed. I read an article recently about how China is outpacing the US in the rate of business creation by a staggering margin. The level of investment in China on new ventures is mind boggling. That means they are promoting a culture of entrepreneurship as well as supporting it. This gap you describe is only filled with effort as well as intelligence. When unions create an environment where a guy inserting a screw into a hole gets paid $50 an hour, what do we expect that will lead to? And, when they create an environment where buying a robot to do that job requires the company to continue to employ that person at the same pay rate even when you don't need them. Well, again, what do we expect this will lead to? Unions have resulted in huge job losses in the US. Until that mentality changes they will not come back, despite what politicians might claim. I don't have the time to cover other scenarios, the above are not the only drivers. Nothing prevents anyone in the US from making as much money as they want other than themselves. That's the only limitation. You have to be willing to make the effort and take some risks. And it doesn't have to cost almost anything. I mean, look at the people posting videos on YouTube making gobs of money on ads. Most of the people in that middle class gap everyone refers to are walking around with iPhones or other smart phones. That's what's funny about this whole ideology, people on Welfare with iPhones. On the assumption they have access to a phone or a camera, anyone can make videos on YouTube and make money. Is it easy? No, of course not. Will it require lots of effort? Damn right. Will some fail? Most will fail. Yet, it's there, it's possible and it is within reach. I don't understand, do people want to be handed wealth without making an effort or an investment?