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Largely due to globalization, nearly half of Americans are poor or low income. http://finance.yahoo.com/news/census-shows-1-2-people-103940568.html http://fina
by mcantelon 15y ago
Largely due to globalization, nearly half of Americans are poor or low income.
http://finance.yahoo.com/news/census-shows-1-2-people-103940568.html http://finance.yahoo.com/news/census-shows-1-2-people-103940...
There is, of course, no shortage of productive work, but getting paid for that productive work is another matter.
- zeroonetwothree 15y agoThis is just based on changing definitions of "poor" and "low-income". Wages are still around all-time highs for every quintile.
- mcantelon 15y agoI'm talking about real wages: the ability to buy food, transportation, and shelter. A few decades ago a lot more people could do this without requiring both spouses work and take on significant debt.