Article

2014-04-22 Economy

The American Middle Class Is No Longer the Worlds Richest

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by DarthVader 2014-04-22 16:02|| || Front Page|| [5 views ] Top

#1 This is what happens when all the manufacturing jobs are shipped out of country. Most that is left is hospitality, real estate and construction work. In long and hard downturns, those industries get hit the hardest.

Posted by DarthVader 2014-04-22 16:04|| 2014-04-22 16:04|| Front Page Top

No great mystery. Check out this German on-line advert from Hormbach, a Home Depot type store. Not all, but most of their products are German, Austrian, or Swiss made. We've been sold out to the Chinese.

Posted by Besoeker 2014-04-22 16:44|| 2014-04-22 16:44|| Front Page Top

#3 Well, dammit! Increase the minimum wage to $100 per hour.

Posted by Hupinert Trotsky8394 2014-04-22 17:13|| 2014-04-22 17:13|| Front Page Top

#4 IMHO:
Rent seeking via debt to fix incomes taxes and a more for-sale establishment.

Jobs don't get shipped off shore they get priced off shore by rent-seeking raising costs.

Posted by Bright Pebbles 2014-04-22 18:09|| 2014-04-22 18:09|| Front Page Top

#5 Or you could view it as China exporting its unemployment to the US. We're in the sixth year of the Great Recession without the trade barriers of Smoot Hawley that got a lot of blame for the Depression. Maybe its time for a reexamination.

Posted by P2Kontheroad 2014-04-22 19:00|| 2014-04-22 19:00|| Front Page Top

23:37 trailing wife
23:12 rammer
23:03 rammer
23:00 Rob Crawford
22:53 JosephMendiola
22:09 Jeremiah Thusock1229
21:56 Alaska Paul
21:08 lord garth
21:08 SteveS
21:07 BrerRabbit
20:31 JosephMendiola
19:56 Airandee
19:49 JosephMendiola
19:33 European Conservative
19:33 Glenmore
19:28 Bubba Graiting8281
19:00 P2Kontheroad
18:49 Bright Pebbles
18:48 Barbara
18:42 badanov
18:38 OldSpook
18:35 Shipman
18:33 Besoeker
18:23 Shipman