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I think that should be the flip side but aside from 2009-2010 (the bulk of the recession), inflation has remained constant over the last ten years. Inflation ad

I think that should be the flip side but aside from 2009-2010 (the bulk of the recession), inflation has remained constant over the last ten years. Inflation adjusted wages have continued to decline to record numbers. The jobs that are returning in the current recovery have been primarily low paying ones (clearly IT is exempt from this). What has been going up is corporate profits. Apple's latest figures are mind boggling. A billion dollars in profit a WEEK. Someone up higher in the comments wrote that we are at peak-capitalism and headed towards Marxism/Socialism. While I doubt that's going to happen (Wall St too strong, progressive politicians too weak) I think America needs to go that way. As Elizabeth Warren said 'There is nobody in this country who got rich on his own'. I feel that corporations (they are people right) and "The 1%" need to pay as much or more of their income in taxes to repay society for their success. This money should be used to address the problems in this article. The US needs to make higher education and retraining free/affordable, make health care free, and provide better social safety nets. With these things in place, Americans will be able to start getting competitive again.

danieldk 15y ago
I think that should be the flip side but aside from 2009-2010 (the bulk of the recession), inflation has remained constant over the last ten years. While this may be true, technology has definitely become cheaper and more accessible. Eg. in my country, which is a Western economy, few people could afford computers in the 80ies, except maybe for the very low end (C64, MSX). Now many families have multiple laptops, smartphones, and maybe even a tablet. Also, fixed Internet connections used to be expensive, pay per minute. Nowadays, for 20 Euros per month you get an internet connection without data limits and plenty of bandwidth. Technology did become more accessible for the average family. And the impact is real: snail mail is almost killed, records stores have mostly disappeared, and next up are book stores. The price of e-mail is near-zero, iTunes music purchases are often cheaper than new physical albums (especially if you have to pay S&H fees), and Kindle ebooks are often cheaper than paper equivalents.

danieldk 15y ago

I think that should be the flip side but aside from 2009-2010 (the bulk of the recession), inflation has remained constant over the last ten years. While this may be true, technology has definitely become cheaper and more accessible. Eg. in my country, which is a Western economy, few people could afford computers in the 80ies, except maybe for the very low end (C64, MSX). Now many families have multiple laptops, smartphones, and maybe even a tablet. Also, fixed Internet connections used to be expensive, pay per minute. Nowadays, for 20 Euros per month you get an internet connection without data limits and plenty of bandwidth. Technology did become more accessible for the average family. And the impact is real: snail mail is almost killed, records stores have mostly disappeared, and next up are book stores. The price of e-mail is near-zero, iTunes music purchases are often cheaper than new physical albums (especially if you have to pay S&H fees), and Kindle ebooks are often cheaper than paper equivalents.