Robert Reich: The Decline of the American Middle Class

Robert Reich in his blog post titled, “Confessions of a Class Worrier,” explains how since the 1980s middle class hourly median wages have stagnated, employee benefits have declined, and health insurance costs have increased exponentially, all while “the rich have been getting a larger and larger portion of total income. From 9 percent in 1980, the top 1 percent’s take has increased to 23.5 percent in 2007.” Furthermore, Mr. Reich explains just how these economic realities have come to pass.

Full Article: Robert Reich

Related Article: Whacking the Middle Class

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One Response to Robert Reich: The Decline of the American Middle Class

  1. Pingback: The United States of Inequality | Of Interest…

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