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Re: "I don't think the people in the bottom 60% really care about this because they are becoming increasingly segregated..." If they can get a decent income to
by tabtab 9y ago
Re: "I don't think the people in the bottom 60% really care about this because they are becoming increasingly segregated..."
If they can get a decent income to raise a family under "civilized" conditions, I generally agree. Factory jobs usually provided that, but they are drying up without a clear alternative replacing them, at least in certain areas. There are "low skill" jobs like fast food or Uber driving, but it's difficult to raise a family on that.
It looks like either socialism and/or subsidization of higher education will be needed. These may require taxing the rich. Automation and offshoring are eating into mid-skill careers. (They may eventually eat into more levels.) I don't buy the right's "float all boats" theory, except under a short-term boom cycle.