What Happened to Middle Class America? - The Business of Life (Episode 7)
HTML-код
- Опубликовано: 21 июл 2015
- As we inch closer to the 2016 election, presidential candidates and politicians have begun to phase out the term “middle class” from their vocabulary. Terms like “everyday Americans” and “hard-working taxpayers” are replacing the once-common term. “Middle Class,” a phrase that once evoked a sense of optimism, shared wealth, and the American Dream, now invokes a sense of anxiety, and an uncertain future. Why? Because, as automation replaces jobs and the income gap widens, the middle class is in a catastrophic state of decline.
On this episode of the Business of Life, we'll get to the bottom of just what the "middle class” is: how to get in, how to stay in, and why so many Americans are falling out. Joined by David Madland of the Center for American Progress, national correspondent for Fox Television stations Charlie LeDuff, and Shikha Dalmia of the Reason Foundation.
Watch "Why is College So Expensive? (Episode 6)” - bit.ly/1gEn2ZS
Watch previous episodes of The Business of Life - bit.ly/1B7WhX4
All content is the sole property of VICE News. Materials presented are for informational purposes only and do not necessarily reflect the views or endorsement of Bank of America. Bank of America, VICE and/or their partners assume no liability for loss or damage resulting from anyone’s reliance on the information provided.
Subscribe to VICE News here: bit.ly/Subscribe-to-VICE-News
Check out VICE News for more: vicenews.com
Follow VICE News here:
Facebook: / vicenews
Twitter: / vicenews
Tumblr: / vicenews
Instagram: / vicenews
More videos from the VICE network: www. vicevideos
NEW DEFINITION OF MIDDLE CLASS : ANYONE WHO IS NOT HOMELESS .
I am no economist but I am smart enough to know when you can't afford leisure activities such as going to a vacation without impacting your regular lifestyle then you are not in the middle class simple as that.
This could have been a really informative interview and discussion, especially for classrooms. But right from the beginning, the discussion was lost when the middle guy started yelling. If he was removed, I think this would have been very well done. And the moderator should have shut the middle guy up and allowed the lady to speak since it was her turn.
Vice news asks: What happened to middle class America? Why not start off by asking your sponsor, Bank of America
I worked with a guy who was much older than me. He told me that about 25 years ago he was making 5 times MORE money for the same job while housing cost 5 times LESS than it is now. What happened? Are we moving towards another great depression?
That guy in the middle interrupts so much
Talks about middle class, sponsored by Bank of America.
I'm sick of everyone saying people just need more skills. Not everyone can be a doctor or nurse or, engineer. Nor can struggling people afford to take on the debt ti attempt to get that training. And once they are in debt the people hiring these people have all the leverage. so they can hire them for less.
I'm 50, an ultrasound Tech, bachelor's degree, I have 4 kids, no child support ever, I have a hard time putting any food in our fridge, vacations? what's a vacation? Used car, no vacations, no new clothes, hardly any food, retirement? I don't think about retirement, I'll probably be working when I die, just drop dead at work...this is so ridiculous to argue about. There is no middle class...there's rich, richer, and impoverished...it's sad but true.
Shikha Dalmia is spot on. "Should have" is not a defensible argument for wanting to keep up with the Joneses.
Follow the following rules and you'll be fine in most cases:
On this episode of the Business of Life, we get to the bottom of just what the “middle class" is: how to get in, how to stay in, and why so many Americans are falling out.
The guy in the middle's a mean drunk!
A very strong way to bring crime down is education.. Those tax payers shouldn't be investing in a sports arena when schools need the money to educate people. It's just sad.
The guy on the left did not get to talk enough and I definetely wanted to hear more about his thoughts which were much better constructed and organized, rather than a shouting match between the two other speakers.
I want to see Charlie LeDuff interview Donald Trump. I would pay to watch that.
'Go to college ' Can't pay student loan debt ' your fault'. I love how the solution is to know your future fully, know your wife or husband will never leave you , know your major will be profitable in 10 years.
Sounds like most of us have a slim set of options for living what was considered middle class 20 to 40 years ago, and accept that most US citizens get to live a peasant like existence. Looking at a Stanford study on STEM degrees vs. jobs doesn't look promising either. So college means you buy a 50 to 120 thousand dollar lottery ticket to enter in the lottery of affluence. The other option is there is a massive civil and class war in America which has the potential to destroy what's left of a functioning infrastructure.
The auto industry didn't virtually fail because of high employee wages, but because they built, and still build, shitty cars (though that's changing), and that gave imports a huge boost. Consumers tend not to take risks, and developed brand loyalty for foreign car makers. American big auto fucked themselves.
That dude in the middle needs to chill. He has good points, but damn. Back off out of other people's space, man. Verbally and physically.