Capitalism is raising the standard of living in China and India just enough so that they can be the consumer class and buy the widgets. Capitalism has no loyalty to nations or people, the U.S. will fall apart.
@Charlie Cross Maybe if the GOP can diminish both environmental and safety standards, the cost of producing cars will make them available to low-wage workers.
Matthew Bennie If everyone on earth made a livable wage, I'd have no problem with import labor. Of course, if that were the case, there would be jobs in the US.
Don Dressel Yes. I guess the corporation are planning on making the people of India and China their next consumers. Then, when the standard of living gets to high in Asia, they will move their sweatshops to Africa.
+thrasherballs1983 I know, right? I do a pretty damn good job to balance out good healthy meals with minimal processed junk. But I can't say it's easy. We're doing alright somehow.
Also NAFTA plays a role in the drug war in Mexico because thousands of small family farms in Mexico couldn't compete with the US farming industry so many resorted into growing different crops like Weed.
+mannymv1 But Mexico is a huge capitalist success... you have 14 year old teenager women working as snipers. What's more capitalist then a gun and the free market?
@debunker300 Except for the fact that the government overspends more and more every time they approve a new budget. A company with this debt record would go under in a heartbeat. Placing this debt on the next generation is evil, and almost every politician supports it.
Sam: And you want more goods on cheaper price, so what. By your logic, that makes you evil. That why why there is market of labor determined usually by scarcity of labor. The bigger scarcity on particular profession, the higher is wages are.
@@MrAceman82 You speak the truth. The greater the supply of potential labour to a client, the less the worth of that labour due to the client having a greater pool of options to choose from. This is part of the reason why work experience is so valued.
The segment about exporting jobs is very misleading. All you guys tell us is how many jobs are lost, you don't include how many were created because of it. Also, it's actually good thing that many of these jobs are lost. We let people in other countries make our clothes because they're better at it, then we buy those goods for cheaper because of it. Then people in America who lose their jobs go into more productive jobs, that's progress. The problem is we have a huge gap between low-education jobs such as fast food, and high education jobs such as engineers. We need to give people more education and skills to take on these new jobs in the future.
well the thing is with that is no matter what we will still need low skill jobs. if everyone in fast food increase their education and get better jobs there will be no one to do the low skill jobs. the sad truth is that not everyone can get rich and have a high skill job. in reality the best we can do is ensure the people who are in low skill jobs are not trapped by poverty
+TheRequestNetwork Chinese goods face very little taxes entering America. American goods on the other hand face up to 70% taxes entering China. Are you seriously telling us that American cars made in Mexico are better than American cars made in America. Your logic hold no truth.
+bighands69 It's definitely not up to 70%, I fact checked and the highest tariffs were up to 25% on American goods (depending on the industry). China and the U.S. are part of the WTO which limits tariffs and trade barriers. Also, I should clarify that "better" means that they're able to produce clothing with less resources, I was mentioning comparative advantage. And I never said that American cars made in Mexico are better than American cars made in America.
Yeah like the largest tax rate of any country in the world along with a huge muslim immigration problem that's destroying denmark..You have the US totally beat lol
Fuck that!!! Automation in manufacturing doesn't cost jobs...it just means that workers need a higher skill-set in order to keep up with innovations. Machines don't run themselves, without a human being setting them up for the job.
+Mike Stavenes True, it's sad that many people don't understand economics. We need to invest in our human capital more and our productivity will help us retain those jobs.
+Mike Stavenes yes it is taking people jobs. It is just that the new jobs created are fewer than previously. Just so you see it: www.centerforpubliceducation.org/Libraries/Document-Library/Prototypes/21st-Century/How-automation-is-changing-the-world.html Also there is this interesting case of study: www.breitbart.com/california/2015/03/03/unions-talk-port-strike-win-but-lose-jobs-to-automation/ PS: human population is not decaying, but increasing. This is creating a pressure that few economist can predict in the long run. We can produce more and with better quality, but will have to not do this since this can create a mass of unemployed or underemployed which can not purchase that production.
2 things helped the rise of the middle class in the 1950's; unions and the G. I, Bill. since there was a draft the G. I. Bill helped a lot of ex-servicemen pay for college. the others were helped by unions. unions not only increase wages for members but they increase wages across the board as non-union employers competed for labor. as companies found cheaper labor overseas unions were blamed for decreasing the value of American labor by making it too expensive. science and technology promised labor a less strenuous future but only took jobs without replacing them. also, the elite not only use lobbyists but now their lawyers are actually allowed to write the laws directly! this occurs at the federal, state AND local levels. the govt commissions corporate lawyers to write everything from student loan laws to tax laws to privatization laws to public assistance laws to banking and investment laws. lastly the elite use their massive propaganda machine called corporate funded media and education to promote this corruption as socially beneficial. EXCELLENT overview. NOW WE NEED TO WORK TOGETHER TO WAKE THE PEOPLE UP, STOP THIS CORRUPTION AND CHANGE THE SYSTEM!
so, if anyone is looking for something truly original and different to help us get out of this mess check out my equalism lecture series, in sequence beginning with equalism 101, on my channel. you can check out my latest video, just uploaded, equalism 118a: Wisdoms and Lessons of History (part 1) at this link - ruclips.net/video/oAUs81z6sOc/видео.html - (I've also uploaded Parts 2 and 3.) equalism exposes the leadership of both sides as fascist and corrupt. you never know, you all just may be equalists and not yet know it.
4 года назад
very good historic review. You are right, C. J. That GI bill was important. bTW that was a government program AND I DISTINCTLY REMEMBER HANNITY ONCE MOCKING THAT and saying that was communism. he said that on his show about 7 years ago!! He was also criticizing F.D.R and Johnson's programs for the poor and middle class.
But her speeches poison young minds, like Marx and Engels doing even today by their book. This history showed quite opposite, the socialism did not help to poor and workers, it just make much worse conditions.
Excellent video! The middle class is the most important to our economy for the taxes they pay, the fact that they don't cost our government for welfare programs, that they hire people, and they buy products and services which keep the economic cycle moving.
in the 1950's, US companies relied on the US consumer to make money..this meant higher wages..but once US companies started going global and realized they dont need the American population to make massive profits they stop seeing the need to pay more than they had to..Corporations also paid higher taxes back then so the tax burden wasnt soley on the middle class
Please take some time and check out some lectures by Richard Wolff. You'll learn in an hour why America is crumbling, building off all the correct points made here in this video.
There simply isn't going to be a middle class, you're going to either be really rich or really poor, and there isn't much to be done. Of course, it could be a matter of having a 2nd American Revolution, but most are too worried about who won on The Voice or what's happening on Facebook to give a care to get together and do that sort of thing these days.
Both Bernie Sanders and Hillary Clinton have talked about their plans to reverse the shrinking middle class by raising the minimum wage, getting corporations to share their profits with workers and reforming the tax code overall. But will either candidate be able to make change substantial enough to save our middle class?
The middle class was brought about by the boom in industry during ww2 and rode on by the 50s. what we need is another boom in Industry, not by forune 500 companies but by local businesses supported by the government. not to be communist, but this is effective, as seen by the war industry during ww2.
+AJ+ Thanks for this history lesson but what you need to tell people is that they are no longer in a democracy or meritocracy. America is a corporatist utopia with the biggest money politics and war machine in the history of mankind. Within this model, there is no need for a middle class
Hillary is owned by the corporations you are complaining about. Her words are nothing except empty. Her husband brought us NAFTA and our ever enlarging prison population. Bernie has been a stalwart fighter for us/US! #Bernie2016
+jimmy murillo Obama increased the national debt to 17 trillion. How can you say "repubs can't seem to see that" but it is a democrat that has done this.
Himuka How's Trump working for you? We still have some lagging in our economic status. Lol, the middle class is now only 49%, with that number growing rapidly. Soon, the middle class may be extinct, leaving the working class to work and receive pay that's only a fraction of their labor. But, hey, we're living the American dream.
I'm doing fine. No issues.Retiring early and debt free. Saved. Invested. I just didn't live beyond my means. Millionaire next door. Very simple. Didn't spend on the big house,expensive cars,too many kids etc.. My garage isn't filled with junk that I'm still making payments on. Didn't trade houses,spouses,and cars for 30 or more years like many.
@@gcarv77 that is the point...good job, good raises (including, not just bonuses) 30 years with upward, not lateral gig jobs. Middle class was easy (back then), as he posted. Got to just work harder ,& smarter...never into consumerism.
@Bret 1959 Yes but you can order that same medication from Mexico for 5 cents. Much cheaper than Australia. The U.S actually is involved in setting drug prices through Intellectual Property and 25 year patents. For example, a pill of viagra is $64 in the U.S. That same pill in a free market country like Mexico is $1.80.
I agree AJ+, We in Australia have a great middle class and 2nd on living standard in the world because we have a political party that's democratic socialist and the strongest unions! Basically just look up Australia and that's what bernie's america would look like.
+iNexTTx Didn't Tony Abbot declare war on Unions and launch a multi-billion dollar campaign against union corruption that found 0 instances of corruption?
iNexTTx Either way Australia has done really well in the past 30 years. "the wonder from down under", bypassing the global depression and all. Congrats, here in the UK we have no middle class anymore, it's been merged with the lower class lol.
What do all the things that are getting unaffordable like healthcare, childcare, housing, and college have in common? They are all closely regulated or controlled by the government. Housing is constantly subject to all sorts of price controls. Healthcare is riddled with all sorts of Obamacare mandates that force the middle class to spend money on things that they will never consume. Childcare and college are constantly lavished in subsidies, which only makes the problems worse by screwing up the marketplace. Now progressives want to raise the minimum wage to $15 an hour, even though the disasters in Seattle and California are so blatant. To grow the middle class, get the government out of the economy. Shred those tens of thousands of pages of regulations. Cut taxes for everyone. Get rid of Obama care and all those healthcare laws that only benefit special interests. Slash virtually all government subsidies as we know it. Put an end to all the protectionist trade policies and barriers and have free trade flourish.These pro - free market policies should grow the middle class and fuel prosperity. ruclips.net/video/vv9-ErgW6qs/видео.html Stop whining that the rich are not paying their fair share and constantly avoiding taxes. According to the most recent data from the Tax Foundation, the wealthiest 1% of Americans pay about 39% of all federal income taxes. The bottom 50%, on the other hand, only responsible for less than 3%. So, the rich ARE paying their fair share. Also, the next time a politician complains that corporations are lobbying to keep profits offshore, tell those corrupt clowns that THEY are responsible. It's their fault that America once had the world's highest corporate tax rate until President Trump's tax bill became law. ruclips.net/video/jvMAV6dVKV4/видео.html
What every liberal source fails to point out is although the middle class has shrunk, the upper middle class has increased. In the 70's, 12% of the population was upper middle, and, by 2014, the upper middle class is 30% of the population.
So what is the middle class in America? In England rich people are considered middle class but my family in Ohio who work in factories on production lines consider themselves middle class.
4 года назад+1
yeah, Under Bush jr., the fool gave things away for the glory of "global trade". That creep and his NAFTA program hurt a lot of american manufacturing. a lot. AND YET...THE EVANGELICAL MORAL MAJORITY supported him in droves. Falwell and others gave their power to the Republican party, yet none of those Bushes gave a damn about middle class america.
Am I the only one doing well. I grew up pretty humble in the 1980s and 1990s and graduated high school in 2000. We didn't have many of the things families did. I grew up in rural Oklahoma in a really old farm house. We had a wood burning stove and no air conditioning. We never had cable/satellite tv or internet. We rarely ate out even fast food. My father was a mechanic and my mom worked in the school cafeteria after we all were in school. After 2 years at community college I joined the Army. I got married less than a year after enlisting and we are still married today. Most of the people I know that struggle in life it is because of their own doing. I hate to say that but it is true. Nearly all of them have been in trouble with the law. They were convicted of drug charges or DUI or both. Only one person I know who is struggling has a 4 year degree and he no longer has a license because of his 3rd DUI, age 43. One is a single mom of 2 never married living with baby daddy #2, 2 DUIs, however recently(May 2018) graduated from community college. Her boyfriend has a steady job and was recently hired on(Oct 2018) full time after 3 years of temp work doing the same thing. He has no education beyond high school and is a great father. A good friend of mine from high school is struggling. He lives with his baby's momma now for 6 years. She has 3 other children from a previous relationship. He did a job corp training program but other than that he has no school after high school. She has no schooling beyond high school. He commutes 1 hour to make 14/hr doing shipping and loading for a pipe manufacturer. He has only been convicted of writing bad checks when he didn't have the money. Moral of the story.... 1. You have to get education beyond high school without going into debt or get a solid trade. 2. It is very important to get married BEFORE YOU HAVE ANY CHILDREN!!! 3. Work out any problems you have with your spouse. Don't get divorced!!!! Being forgiving, tolerant and understanding has help us through our 14 years of marriage. You have to have the mindset, no matter what it is you are in it together. 4. It is also EXTREMELY IMPORTANT TO STAY OUT OF TROUBLE WITH THE LAW!!!!!!!! I think it is also important to stay positive and always seek self improvement.
A little older than you but I didn't have money for college and kicked around a couple of years after high school and joined the Army. Got out 7 years later with nice savings, the GI Bill for college, 3 years solid mid mgmt exp as a Warrant Officer flying helicopters and NO DEBT. Flew around the world, never without a job when I wanted one and made over $100K most of the last 20 years. Luck is when preparedness meets opportunity. Stay prepared and grab the opportunities when they pass by.
So glad that you pointed to the air traffic controller incident of a thousand years ago under Reagan. The shrinking union member base has nothing to with the millions of illegal Mexicans flooding the trades in this country and driving down the union wages.
The banking industry does not help the middle class, with their ATM fees, low interest rates on savings accounts and the foreclosure crisis which killed the middle class.
I'm middle class, I don't really feel middle class is dying. they are trying to kill it, but not in the way you think they're making the dollar worth less by upping the minimum wage and such like that. middle class will stay as wealthy as they are unless they're barely middle class.
so essentially what I just said means they're making the gap between poor and middle class much bigger like in India, so you're either really wealthy+ or your really poor. but in America there is still a fairly small gap between wealth.
So how if you want to fund the rich and wealthy in America , someone had got to pay for them. There is no better alternative than going after the middle class to achieve that.
Our government should be hanging off of bridges without their heads. They threw us under the bus just so they could have a cushy job, again and again, and again... . .
Americans love their capitalism and reject all and every notion of socialism as evil and "Chinese" or "Russian" ideology. Yet as the US continues to move closer and closer to capitalism in its purest form, everyone except the 1% will suffer, and it wont be anyone else's fault except your own America. You should have voted Bernie Sanders in while you had the chance, but now, if you aren't already rich, you're going to die early due to expensive health care or sell your houses to fund it and work everyday of your life for a fraction of what your labour is worth. But hey, thats the system of capitalism that all you Americans love, so enjoy!
Connor Hay; the problem with socialism is that it works until the government runs out of other people's money. The true economic platform the U.S was founded on was entrepreneurism, the original founders were all businessmen with no social programs to teach the rest of us to depend on. The rich have always been rich and never worried about having it all taken away. For example, the concept of life insurance was a French import brought back by Benjiman Franklin. Life insurance is for people who MIGHT have something to protect, poor people don't care nor need life insurance and rich people have never truly cared about it anyway
Ndubuisi "Jkid" Okeh: No, everyone people money. I just watched a documentary about Uganda, where Idi Amin in order to receive support from the people, he used socialistic rhetoric and blamed the Asians for African poverty, who were 1% minority, but hold 90% of Ugandan businesses. In 07-Aug-1972 he forced on 90 days leave of Asians who were even born there. Then he nationalized those business, and gave to close friend. Almost all business collapsed in short period, leaving the dictator financially very weak and begun his fall. Well that is typical example what socialism done in the past. I can give many other examples, where socialism work until running out others people's money. Maybe I would recommend to read about Sparrow revolution in China, I am sure the girl in the video would gladly omit that. She just romanticizing how is good socialism, without investigating the consequences of socialism. Well when you are liberal and adult, you have no brain. She is brainless, romanticizing something which is not sustainable in long period.
>he used socialistic rhetoric and blamed the Asians for African poverty, who were 1% minority, but hold 90% of Ugandan businesses. No, he was being xenophobic, that's not socialism. >Maybe I would recommend to read about Sparrow revolution in China Sparrow revolution? OK, you're trying to hide the fact that you're an Neoliberal hiding in Republican clothing. There's a saying in China: No Brain, No heart, No lungs. Neoliberals like you are like people who don't have these, they blindly follow ideology. Your arguments are based on pure ideology.
Ndubuisi "Jkid" Okeh: I did not say the Amin was socialist, but used socialistic rhetoric, take from the rich give to poor, or just like you said xenophobic, take from rich Asians give to poor Africans. And unfortunately, it did not passed well. First I am not Neoliberal or Republican, nor American citizen. My elders saw at first hand the true face of collectivism (socialism, nationalism) and dictatorship. My grandparents who were farmers were first victims of communists in 1948. Those communists ruined the agriculture and led to hyperinflation in 1976, just the same like I heard for Venezuela. The elders told stories how they need to wake up to buy bread and food oil at 05AM, waiting in long rows, sometimes waiting 3 hours. Or how the farmers were forced to give tobacco for free in order to return State debt. State factories worked on unsustainable level with too much employment, some of them got salaries with stepping one day at work. Well Yugoslavian government borrowed at expense on it own children. When the money drained then everything went to shit. About Sparrow revolution, just read it. That is good examples of collectivization of agriculture did not work well and in 1957 Mao had better idea how to make it effective: by killing sparrows. This led to famine to nearly 20 million Chinese, mostly villagers. Villagers who tried to flee the countryside to the city were shot at the gates. That was solidarity and brotherhood who preached by socialism, in my country in those time. Or to mention great famine in Ukraine caused by Soviets, when the most villagers died in in hunger. Socialism, no thanks anymore. Ideology based on envy and living at someone else expense. My arguments are based on real historic facts from many people who lived under socialism. Only spoiled brainless children praise socialism, without knowing the historical facts. Better being heartless, than brainless. The socialism is not sustainable, I don't say the capitalism is perfect, but with its flaws is much better. It made many 1st generation wealthy people. Those people provided jobs and made improvements by selling services/goods, which helped much more than all socialistic warriors. Using computers, phones and any other goods are invented thanks to capitalism. Typical example are poor Indians who used google maps and gps to prove they used the land for years, in order to take land ownership. Ah those greedy capitalist, what did done to poor villagers?
Anyone seeing this comment read or listen to rich Dad poor Dad, it will hopefully open your eyes to the truth of why working people are broke and wealthy people stay wealthy. The American system sucks but it is what it is, don't hate the player hate the game
If people would do some research it's not all bad. The middle class in part shrank because more people worked their way up to upper class. I work at Walmart and have plenty of savings and own a decent amount of stock. What's changed is the mentality. People think it's hopeless and they don't even try, which is kind of weird since there are more opportunities to earn money online than ever before. People should check out Remit Sethi videos. He teaches the average person how to save and still spend some on things they enjoy. If I can get my finances under control working at Walmart anyone can do it.
40k-122k is just getting by? That's just people being irresponsible with money, my dad works his ass off for 20k-25k a year for a family of 6 and we're just barely getting by.
+clouds I guess I depends were you live, in the UK most people are paid less than that but if you wanted to live in London you'd probably be paying nearly that for rent on a 3 bed house in an area like Brixton (a more downmarket area of london). In fact average rent for a 3 bed house in Brixton is like £500 a week that equates to like $36,000 (£24,000)a year.
With those numbers, I am not in the middle class by far. Maybe I was close a couple years of my life but from doing my job too well, inventing as a scientist which oddly hurt the egos of the executives, I got terminated and black-listed.
Doomed to be poor. "The trouble is that we live in a failed system. Capitalism does not permit an even flow of economic resources. With this system, a small privileged few are rich beyond conscience and almost all others are doomed to be poor at some level…That’s the way the system works. And since we know that the system will not change the rules, we’re going to have to change the system." - Martin Luther King, Jr., March 27, 1968 "I need to pay higher taxes." "The government should require the people in my position to pay significantly higher taxes." "[Under the Republican tax cut bill] people who are wealthier tended to get dramatically more benefits than the middle class or those who are poor." - Bill Gates, Second richest person in the world “[T]he tattering of the American Dream is causing individuals who expected more out of life to self-destruct in record numbers. In my mind, there is a connection between the skyrocketing suicides, drug addiction, and binge drinking we’re seeing across the country and the fact that Americans are struggling so much financially. As the divide between the 'haves' and 'have nots' grows ever wider, one could assume that 99% of the population feel that overcoming economic inequality is insurmountable. Many Americans are hopeless and resigned to the fact that they may never live the American Dream or become part of the 1%. - Christopher Bergland, Psychology Today, May 6, 2016 "Is the American Dream killing us? American culture emphasizes striving for and achieving economic success. In practice, realizing the American Dream is the standard of success, vague though it is. It surely includes homeownership, modest financial and job security, and a bright outlook for our children. When striving accomplishes these goals, it strengthens a sense of accomplishment and self-worth. But when the striving falters and fails - when the American Dream becomes unattainable - it’s a judgment on our lives. By our late 40s or 50s, the reckoning is on us. It’s harder to do then what we might have done earlier. We become hostage to unrealized hopes. More Americans are now in this precarious position. Our obsession with the American Dream measures our ambition - and anger. …[Death rates of middle-aged whites have gotten worse, mainly those with a high school diploma or less.] … The main causes of rising death rates among non-Hispanic whites 50 to 54, men and women, are so-called “deaths of despair” - suicides, drug overdoses and the consequences of heavy drinking. … The central problem is a “steady deterioration in job opportunities for people with low education.” One setback leads to another. Poor skills result in poor jobs with low pay and spotty security. Workers with lousy jobs are poor marriage candidates; marriage rates decline. Cohabitation thrives, but these relationships often break down. “As a result,” write Case and Deaton, “more men lose regular contact with their children, which is bad for them, and bad for the children.” - Robert J. Samuelson, economist, Washington Post, April 2, 2017
You can't raise the minimum wages like Bernie and Hillary wanted to do without closing the loopholes. Because raising wages will push corporations to have their goods manufactured outside this country + they will receive a tax break for doing it. Loopholes must be closed, and new trade agreements must be negotiated. We have been taxing the big corporations at 35%,,, BUT, we gave them a big fat loophole of manufacturing outside the USA and not paying a dime of taxes. So which one do you think they chose?
I think the narrator picked the wrong neighborhood for this segment. I live on the coast, but she should of went to Detroit or any other industrial wasteland in the Mid West with vacant abandoned homes as her backdrop. Our middle class has almost disappeared folks where it matters and nobody in office really cares about urban blight and the ills it brings. We only have a few years left in the States to turn it around or we will crash and burn like all the other developed countries. Everybody can't be a millionaire, but everyone's child deserves, an opportunity to succeed in America. Enuff said
Would've expected a mention or two about the household debt. It's easy to trick people into accepting stagnating wages if you deregulate enough to give them "cheap" credit. Practically all growth in Western countries after their respective Reagan revolutions has been fuelled entirely by debt. It's a double hit on middle class as not only do they get less out of their work they can contribute less and less to economy because more goes into paying the interests.
Ahhh according to pew research center 2/3rds of people who have exited the middle class over the past 45 years have entered into the higher middle class so the middle class getting smaller isn’t necessarily a bad thing
Some true facts here but she’s leaving a lot of information out. She should go back to the 1970s when we saw global competition from Japan and Germany. That played the first role into manufacturing jobs going over seas as well as unions going under. And before that yes we had a strong middle class but we also had several recessions. Point is, not every state is suffering. It’s bad policies, over population, in sourcing (illegals being put to work) and high taxes on businesses that also contribute to the fall of the middle class. Currently right now CA is losing its middle class to states like TX (ranks number 1 in business) FL, and AZ. Toyota moves its headquarters to TX in 2014 because CA has the highest business tax in the country. And yes the middle class has shrunk but our population has drastically increased. Hasn’t shrunk just due to losses but also shrank due to increased population.
Better use Duck Duck Go or some other search engine. The owners of Google RUclips are far right capitalists where money is concernec and their search results will likely be biased.
Reagan showed employees this was not a Government for the people by the people, and no one did anything about it ... American employees should have marched to the highest office in the land (The White House )but no, they went to the unemployment office...
That's because the middle class is not educated enough. They could learn a lot from millennials. Buy only what you need, not what you want, live below your means, never mess with the banking system, get rid of your car if you can live without it, and don't have any loyalty to brands. Always rotate the brands from where you make purchases and always find the best deals for the buck. Never buy from big retailers to give a chance the smaller ones to survive to bring healthy competition to the market. Check on the internet details about the product you're about to purchase and make sure you get a fair deal.
If the middle class is dying than why are more people exiting the middle class by moving up instead of down? This is according to Pew Research. Also the left leaning Economic Policy Institute data on incomes recently showed that incomes across the income distribution by percentile are now above their 1973 highs by 10-15%. That's not amazing, however it's also not the decline in incomes that people keep saying is happening, which is not true.
Mostly nonsense. It's not true that when the more productive people get richer, that they're stealing from the less productive. High tech, automation, robotics, etc. tends to make the highly productive even more productive, but doesn't have much effect on the less productive, so the income gap grows, but it's not at the expense of the less productive.
50k USD a year?!?!?! We people from poor countries think that is the wealth of the upper class!! There are so much coupons in the states (that are actually great deals), my mind is confused on why they can nor survive :(
Seriously, $50k a year is rich to people living in developing countries? That's barely above poverty level here in the United States! That's the median income here for a family of four and even then, you're still living paycheck to paycheck and one mishap away from disaster.
It is precisely the merits of the unions that a middle class could emerge in the 20s and 30s. Where the workers do not united, the salaries go down. Employers always have an excuse to pay less. That is of all times and always means that if the wages are raised then the whole country collapses.
If you make 50grand a year there is no way u should be struggling lower your expenses get a smaller house apartment get a cheaper car everybody want expensive and luxury items.
@@ALCAN52 I'm 20 and didn't know that oof but how should I earn money for retirement like buying some stock from corporations like Facebook, Microsoft, and others or do I need to do what I need to get what you earn and retire at your age
Don't think union busting did this, but it didn't help. NAFTA 100% has been crushing us. Ya, it's been great for corperations, but working class got screwed on this deal.
You are taking for granted that your idea of the American Dream is everyone's idea, too. Well, it isn't. I retired 6 years ago (63) and have been living my idea of the American Dream ever since. No chance my American Dream can be destroyed or pulled out from under me. I've got way too much going on to sit around boo-hooing that life isn't fair. Tomorrow morning I must ride my motorcycle to a rally for 4 days. gotta finish packing.
+William Porter dude calm down!! why the fuck eveyone wants to be rich? no one can be rich or middle. if all was rich there no use of money power. just embrace life. and btw money wont make you happy, wont make you live longer, wont cure cancer even the most expensive doctor or medicine. will bring more problems to be more in debt if you loose your job.
+BLOODYRAINBOW - SFM SOURCE FILMAKER DUDE money can however buy you a seadoo. And I've never seen anyone sad on one of those. And it can tremendously expand your lifespan. Especially if you live in a situation where you can't afford proper health care
Bennett McCoy keeping in mind, US is the only developed country in the world without single payer. If that democrat was "unable" to form a proper plan, the world is living proof that its doable. Canadian conservatives are convinced.
Bennett McCoy this solution is clearly better: -_- news.harvard.edu/gazette/story/2009/09/new-study-finds-45000-deaths-annually-linked-to-lack-of-health-coverage/ thats nearing vietnam war like casualties every year
Bennett McCoy "Wait times are not a general characteristic of universal health care countries. The Commonwealth Fund’s research consistently shows that Canada has longer wait times than a number of other countries with universal health care. For example, in 2010, 41 percent of Canadian patients waited for two or more months for a specialist appointment compared to only five percent in Switzerland. Further, 25 percent of Canadians waited for four months or more for elective surgery compared to just five percent in the Netherlands. There is also evidence from the OECD showing that some nations with universal access health care systems-Belgium, France, Germany, Japan, Luxembourg, Korea, the Netherlands, and Switzerland-report no problems with wait times." your source.
![Tee Grizzley - Detroit (Feat. 42 Dugg) [Official Video]](http://i.ytimg.com/vi/aeKfTtt0x14/mqdefault.jpg)
Wait till the middle class is completely gone and there’s no one left to buy the corporations products
Capitalism is raising the standard of living in China and India just enough so that they can be the consumer class and buy the widgets. Capitalism has no loyalty to nations or people, the U.S. will fall apart.
@Charlie Cross Maybe if the GOP can diminish both environmental and safety standards, the cost of producing cars will make them available to low-wage workers.
Heath Watts though if you complain about import labor you are labeled racist
Matthew Bennie If everyone on earth made a livable wage, I'd have no problem with import labor. Of course, if that were the case, there would be jobs in the US.
Don Dressel Yes. I guess the corporation are planning on making the people of India and China their next consumers. Then, when the standard of living gets to high in Asia, they will move their sweatshops to Africa.
They shot this video in front of my house... I'm kidding, I'm homeless!
+Alexander Rendalexer you see middle class on TV show and movies they play working people on there show
big house big family nice cars and so on.
+Daniel Bagang (Danny) Not everyone watches RUclips on their phones... I watch videos on my 500 B.C. iBoulder.
Is this joke or something else. You are homeless and have wifi and phone? Or using rented room?
The federal goverment hands out phones to the super poor.
0:59 - shes walking around in your house!
that why self education is important now if college is expensive.
if 40-122k is just getting by, then I have no idea how I manage to survive.. (9k a year, family of 3)
+Marissa Cothron so u get about $25 a day assuming u work all 7 days in a week
+The Spark Actually, I'm disabled.
+Marissa Cothron That's rough. I recently lost my job, but at least I'm only supporting myself.
Marissa Cothron that must be really hard
+thrasherballs1983 I know, right? I do a pretty damn good job to balance out good healthy meals with minimal processed junk. But I can't say it's easy. We're doing alright somehow.
Also NAFTA plays a role in the drug war in Mexico because thousands of small family farms in Mexico couldn't compete with the US farming industry so many resorted into growing different crops like Weed.
+mannymv1 But Mexico is a huge capitalist success... you have 14 year old teenager women working as snipers. What's more capitalist then a gun and the free market?
+TechnocraticBushman XD Gun Control is implemented in Mexico
+TechnocraticBushman
Free Market?
What has that got to do with Mexicans growing drugs. There is absolutely not connection.
+bighands69 He believes if only Mexico was socialist like Venezuela they would have the same booming economy.
It's 2018 now and much worse than 2015.
2019 and still the same... Even worse
But the same woman saying how bad NAFTA was constantly berates the POTUS who ran on getting out of it.
@debunker300 Except for the fact that the government overspends more and more every time they approve a new budget. A company with this debt record would go under in a heartbeat. Placing this debt on the next generation is evil, and almost every politician supports it.
2020 and it’s really bad now.
@@trailerkeller6760 Its 2021its getting worse
Am I the only one who, every time a map of the US comes up, goes "come on, [insert home state here], don't be on the list!"?
+MLG _PwN Ditto, except I live in a conservative state so I know that it's always on the list...
Big business want's lower wages and bigger profits people have become powerless lazy and fearful to do anything about it
Sam: And you want more goods on cheaper price, so what. By your logic, that makes you evil.
That why why there is market of labor determined usually by scarcity of labor. The bigger scarcity on particular profession, the higher is wages are.
@@MrAceman82 You speak the truth. The greater the supply of potential labour to a client, the less the worth of that labour due to the client having a greater pool of options to choose from. This is part of the reason why work experience is so valued.
Net profit fallen for corporation decades idiot, it turnover that up but regulatoms, expenses tripled In 30 yrs
The segment about exporting jobs is very misleading. All you guys tell us is how many jobs are lost, you don't include how many were created because of it. Also, it's actually good thing that many of these jobs are lost. We let people in other countries make our clothes because they're better at it, then we buy those goods for cheaper because of it. Then people in America who lose their jobs go into more productive jobs, that's progress. The problem is we have a huge gap between low-education jobs such as fast food, and high education jobs such as engineers. We need to give people more education and skills to take on these new jobs in the future.
well the thing is with that is no matter what we will still need low skill jobs. if everyone in fast food increase their education and get better jobs there will be no one to do the low skill jobs. the sad truth is that not everyone can get rich and have a high skill job. in reality the best we can do is ensure the people who are in low skill jobs are not trapped by poverty
+Brendan Mullaney Of course, I said it is a problem. I'm just saying that's the direction our economy is heading in and we have to prepare for it.
+TheRequestNetwork Ahh I see I misinterpreted your comment
+TheRequestNetwork
Chinese goods face very little taxes entering America.
American goods on the other hand face up to 70% taxes entering China.
Are you seriously telling us that American cars made in Mexico are better than American cars made in America. Your logic hold no truth.
+bighands69 It's definitely not up to 70%, I fact checked and the highest tariffs were up to 25% on American goods (depending on the industry). China and the U.S. are part of the WTO which limits tariffs and trade barriers. Also, I should clarify that "better" means that they're able to produce clothing with less resources, I was mentioning comparative advantage. And I never said that American cars made in Mexico are better than American cars made in America.
It is now the Danish dream.
+Kaloyan Stoyanov
Denmark is no where near US levels.
+bighands69 Do you know what I meant with my comment?
+bighands69 Denmark is ahead of the US on so many levels.
Yeah like the largest tax rate of any country in the world along with a huge muslim immigration problem that's destroying denmark..You have the US totally beat lol
Well, it is the happiest country on Earth but they are totally getting destroyed yeah..
Fuck that!!! Automation in manufacturing doesn't cost jobs...it just means that workers need a higher skill-set in order to keep up with innovations. Machines don't run themselves, without a human being setting them up for the job.
+Mike Stavenes True, it's sad that many people don't understand economics. We need to invest in our human capital more and our productivity will help us retain those jobs.
+Mike Stavenes yes it is taking people jobs. It is just that the new jobs created are fewer than previously. Just so you see it:
www.centerforpubliceducation.org/Libraries/Document-Library/Prototypes/21st-Century/How-automation-is-changing-the-world.html
Also there is this interesting case of study: www.breitbart.com/california/2015/03/03/unions-talk-port-strike-win-but-lose-jobs-to-automation/
PS: human population is not decaying, but increasing. This is creating a pressure that few economist can predict in the long run. We can produce more and with better quality, but will have to not do this since this can create a mass of unemployed or underemployed which can not purchase that production.
+Mike Stavenes And to not say that one human can operate many machines that replaces many humans.
2 things helped the rise of the middle class in the 1950's; unions and the G. I, Bill. since there was a draft the G. I. Bill helped a lot of ex-servicemen pay for college. the others were helped by unions. unions not only increase wages for members but they increase wages across the board as non-union employers competed for labor. as companies found cheaper labor overseas unions were blamed for decreasing the value of American labor by making it too expensive. science and technology promised labor a less strenuous future but only took jobs without replacing them. also, the elite not only use lobbyists but now their lawyers are actually allowed to write the laws directly! this occurs at the federal, state AND local levels. the govt commissions corporate lawyers to write everything from student loan laws to tax laws to privatization laws to public assistance laws to banking and investment laws. lastly the elite use their massive propaganda machine called corporate funded media and education to promote this corruption as socially beneficial. EXCELLENT overview. NOW WE NEED TO WORK TOGETHER TO WAKE THE PEOPLE UP, STOP THIS CORRUPTION AND CHANGE THE SYSTEM!
so, if anyone is looking for something truly original and different to help us get out of this mess check out my equalism lecture series, in sequence beginning with equalism 101, on my channel. you can check out my latest video, just uploaded, equalism 118a: Wisdoms and Lessons of History (part 1) at this link - ruclips.net/video/oAUs81z6sOc/видео.html - (I've also uploaded Parts 2 and 3.) equalism exposes the leadership of both sides as fascist and corrupt. you never know, you all just may be equalists and not yet know it.
very good historic review. You are right, C. J. That GI bill was important. bTW that was a government program AND I DISTINCTLY REMEMBER HANNITY ONCE MOCKING THAT and saying that was communism. he said that on his show about 7 years ago!! He was also criticizing F.D.R and Johnson's programs for the poor and middle class.
These are the sorts of videos I subscribed to this channel to see - well done AJ+
Great video... Shared this all over the place.
You right bro!
Outstanding work, yet again.
I could watch her read a phone book all day. she has such a great energy and her looks definitely do not hurt
But her speeches poison young minds, like Marx and Engels doing even today by their book. This history showed quite opposite, the socialism did not help to poor and workers, it just make much worse conditions.
Excellent video! The middle class is the most important to our economy for the taxes they pay, the fact that they don't cost our government for welfare programs, that they hire people, and they buy products and services which keep the economic cycle moving.
Big government shrinks private sector globally = middle class shrinks dummy she a liar
in the 1950's, US companies relied on the US consumer to make money..this meant higher wages..but once US companies started going global and realized they dont need the American population to make massive profits they stop seeing the need to pay more than they had to..Corporations also paid higher taxes back then so the tax burden wasnt soley on the middle class
We live paycheck to paycheck. It’s embarrassing
The disappearance of the middle class scares me. Wide spread poverty created by the Great Depression is what enabled Hitler to come to power.
Please take some time and check out some lectures by Richard Wolff. You'll learn in an hour why America is crumbling, building off all the correct points made here in this video.
There simply isn't going to be a middle class, you're going to either be really rich or really poor, and there isn't much to be done.
Of course, it could be a matter of having a 2nd American Revolution, but most are too worried about who won on The Voice or what's happening on Facebook to give a care to get together and do that sort of thing these days.
If looking at this doesn't make you angry with America your not human!
Both Bernie Sanders and Hillary Clinton have talked about their plans to reverse the shrinking middle class by raising the minimum wage, getting corporations to share their profits with workers and reforming the tax code overall. But will either candidate be able to make change substantial enough to save our middle class?
+AJ+ Only if they get money out of politics.
Can you do a video of what is happening in Punjab, India right now?
The middle class was brought about by the boom in industry during ww2 and rode on by the 50s. what we need is another boom in Industry, not by forune 500 companies but by local businesses supported by the government. not to be communist, but this is effective, as seen by the war industry during ww2.
+AJ+ Thanks for this history lesson but what you need to tell people is that they are no longer in a democracy or meritocracy. America is a corporatist utopia with the biggest money politics and war machine in the history of mankind. Within this model, there is no need for a middle class
Hillary is owned by the corporations you are complaining about. Her words are nothing except empty. Her husband brought us NAFTA and our ever enlarging prison population.
Bernie has been a stalwart fighter for us/US!
#Bernie2016
It is a real tragedy that NewsBroke is gone. Great info presented in a way that anyone can understand.
But yet repubs can't seem to see that
+jimmy murillo
Obama increased the national debt to 17 trillion. How can you say "repubs can't seem to see that" but it is a democrat that has done this.
+bighands69 oh yeah cuz obama is responsible for that right ? When he started it was 0 now it's 17 oh yeah obama did all that lol Gtfo
Paying entitlements has its cost,mso you get this.
Himuka How's Trump working for you? We still have some lagging in our economic status. Lol, the middle class is now only 49%, with that number growing rapidly. Soon, the middle class may be extinct, leaving the working class to work and receive pay that's only a fraction of their labor. But, hey, we're living the American dream.
Princess Emerald You can’t reason with them, everything is Obama’s fault. They’re obsessed with him.
I think we should embrace moderate socialism not socialism like in Venezuela and Cuba but socialism like in France
122.000 Dollars is still "middle class"? Thats more than 10.000 Dollars per month.....
I think it varies on location and household size. In some parts of NY and CA, that would middle class for a family of 4.
compare the middle class of America versus the middle class of Australia. Y'all would be shocked.
Middle class income gross in Australia is $80000- $275000
I'm doing fine. No issues.Retiring early and debt free.
Saved. Invested.
I just didn't live beyond my means. Millionaire next door. Very simple.
Didn't spend on the big house,expensive cars,too many kids etc..
My garage isn't filled with junk that I'm still making payments on.
Didn't trade houses,spouses,and cars for 30 or more years like many.
Good job
@@gcarv77 that is the point...good job, good raises (including, not just bonuses) 30 years with upward, not lateral gig jobs. Middle class was easy (back then), as he posted. Got to just work harder ,& smarter...never into consumerism.
I broke my arm and how to go to the hospital now I'm $20,000 in medical debt.
Before my house never thought install CCTV to sleep. now we do, next few years, we may need an armed guard.
All the things the government is involved in have gone up in price.
@Bret 1959 Yes but you can order that same medication from Mexico for 5 cents. Much cheaper than Australia. The U.S actually is involved in setting drug prices through Intellectual Property and 25 year patents.
For example, a pill of viagra is $64 in the U.S. That same pill in a free market country like Mexico is $1.80.
Taxes in Australia very high noting free socalist
In the words of George Carlin, " That's why they call it the American Dream" because you have to be asleep to believe it.
If you're making 40,667 on a full-time job, then you're making 21.18 in hour, which is more than twice the minimum wage now.
And the dollar is less than half as strong as it was 20 years ago.
In socialism, there is no middle class. 1%, and poor.
that's Australia 30 yrs ( Democradic socialism )
That was socialistic Yugoslavia over 50 years.
I agree AJ+, We in Australia have a great middle class and 2nd on living standard in the world because we have a political party that's democratic socialist and the strongest unions! Basically just look up Australia and that's what bernie's america would look like.
who the labour party ?
+iNexTTx
Didn't Tony Abbot declare war on Unions and launch a multi-billion dollar campaign against union corruption that found 0 instances of corruption?
+Randomstuffs261 yes but he's not our prime minister anymore. :D
+Adam “H” Madi yes but *Labor is how we spell it not like uk.
iNexTTx Either way Australia has done really well in the past 30 years. "the wonder from down under", bypassing the global depression and all. Congrats, here in the UK we have no middle class anymore, it's been merged with the lower class lol.
Wanna be rich, stop having kids. Done! Next question.
Red Yumi careful with that type of talk
What do all the things that are getting unaffordable like healthcare, childcare, housing, and college have in common? They are all closely regulated or controlled by the government. Housing is constantly subject to all sorts of price controls. Healthcare is riddled with all sorts of Obamacare mandates that force the middle class to spend money on things that they will never consume. Childcare and college are constantly lavished in subsidies, which only makes the problems worse by screwing up the marketplace. Now progressives want to raise the minimum wage to $15 an hour, even though the disasters in Seattle and California are so blatant. To grow the middle class, get the government out of the economy. Shred those tens of thousands of pages of regulations. Cut taxes for everyone. Get rid of Obama care and all those healthcare laws that only benefit special interests. Slash virtually all government subsidies as we know it. Put an end to all the protectionist trade policies and barriers and have free trade flourish.These pro - free market policies should grow the middle class and fuel prosperity.
ruclips.net/video/vv9-ErgW6qs/видео.html
Stop whining that the rich are not paying their fair share and constantly avoiding taxes. According to the most recent data from the Tax Foundation, the wealthiest 1% of Americans pay about 39% of all federal income taxes. The bottom 50%, on the other hand, only responsible for less than 3%. So, the rich ARE paying their fair share.
Also, the next time a politician complains that corporations are lobbying to keep profits offshore, tell those corrupt clowns that THEY are responsible. It's their fault that America once had the world's highest corporate tax rate until President Trump's tax bill became law. ruclips.net/video/jvMAV6dVKV4/видео.html
What every liberal source fails to point out is although the middle class has shrunk, the upper middle class has increased. In the 70's, 12% of the population was upper middle, and, by 2014, the upper middle class is 30% of the population.
After saw the video, I definely be in the lower class with a paying job. That's sad. 😒😞😟😕😔
I don't know ANYONE who makes $40K a year, I don't know anyone who makes $30K a year!
So what is the middle class in America? In England rich people are considered middle class but my family in Ohio who work in factories on production lines consider themselves middle class.
yeah, Under Bush jr., the fool gave things away for the glory of "global trade". That creep and his NAFTA program hurt a lot of american manufacturing. a lot. AND YET...THE EVANGELICAL MORAL MAJORITY supported him in droves. Falwell and others gave their power to the Republican party, yet none of those Bushes gave a damn about middle class america.
And automation has killed over four million manufacturing jobs.
Am I the only one doing well. I grew up pretty humble in the 1980s and 1990s and graduated high school in 2000. We didn't have many of the things families did. I grew up in rural Oklahoma in a really old farm house. We had a wood burning stove and no air conditioning. We never had cable/satellite tv or internet. We rarely ate out even fast food. My father was a mechanic and my mom worked in the school cafeteria after we all were in school. After 2 years at community college I joined the Army. I got married less than a year after enlisting and we are still married today.
Most of the people I know that struggle in life it is because of their own doing. I hate to say that but it is true. Nearly all of them have been in trouble with the law. They were convicted of drug charges or DUI or both. Only one person I know who is struggling has a 4 year degree and he no longer has a license because of his 3rd DUI, age 43. One is a single mom of 2 never married living with baby daddy #2, 2 DUIs, however recently(May 2018) graduated from community college. Her boyfriend has a steady job and was recently hired on(Oct 2018) full time after 3 years of temp work doing the same thing. He has no education beyond high school and is a great father. A good friend of mine from high school is struggling. He lives with his baby's momma now for 6 years. She has 3 other children from a previous relationship. He did a job corp training program but other than that he has no school after high school. She has no schooling beyond high school. He commutes 1 hour to make 14/hr doing shipping and loading for a pipe manufacturer. He has only been convicted of writing bad checks when he didn't have the money.
Moral of the story.... 1. You have to get education beyond high school without going into debt or get a solid trade. 2. It is very important to get married BEFORE YOU HAVE ANY CHILDREN!!! 3. Work out any problems you have with your spouse. Don't get divorced!!!! Being forgiving, tolerant and understanding has help us through our 14 years of marriage. You have to have the mindset, no matter what it is you are in it together. 4. It is also EXTREMELY IMPORTANT TO STAY OUT OF TROUBLE WITH THE LAW!!!!!!!!
I think it is also important to stay positive and always seek self improvement.
A little older than you but I didn't have money for college and kicked around a couple of years after high school and joined the Army. Got out 7 years later with nice savings, the GI Bill for college, 3 years solid mid mgmt exp as a Warrant Officer flying helicopters and NO DEBT. Flew around the world, never without a job when I wanted one and made over $100K most of the last 20 years.
Luck is when preparedness meets opportunity. Stay prepared and grab the opportunities when they pass by.
Denmark is the new land of opportunities im from Latvia and i whant to go there and Europe has free healthcare and free education
It's gotten much much worse since this was posted in 2015
So glad that you pointed to the air traffic controller incident of a thousand years ago under Reagan. The shrinking union member base has nothing to with the millions of illegal Mexicans flooding the trades in this country and driving down the union wages.
This is a piece they should start showing in schools all across the country. Maybe when kids get to voting age they'll make a better voting decision.
The banking industry does not help the middle class, with their ATM fees, low interest rates on savings accounts and the foreclosure crisis which killed the middle class.
There are no ATM fees, you use ATM of any bank to withdraw for free.
Sorry, I meant in the UK, actually in US you may be correct.
I'm middle class, I don't really feel middle class is dying. they are trying to kill it, but not in the way you think they're making the dollar worth less by upping the minimum wage and such like that. middle class will stay as wealthy as they are unless they're barely middle class.
so essentially what I just said means they're making the gap between poor and middle class much bigger like in India, so you're either really wealthy+ or your really poor. but in America there is still a fairly small gap between wealth.
So how if you want to fund the rich and wealthy in America , someone had got to pay for them. There is no better alternative than going after the middle class to achieve that.
Our government should be hanging off of bridges without their heads.
They threw us under the bus just so they could have a cushy job, again and again, and again... . .
And Comrade Bernie and Shillary will finish it off.
The cost of living in the us kind of makes me want to leave the country.I don’t want to live with my mom forever!Cut the cost of living America!
Shrink government only way it will happen
Great informative video, but I'd like a follow-up with doable solutions that the average person can use effectively.
Bernie
Norway and Sweden = high tax plus the best standard of living/welfare for all citizens in the world. Go figure.
Different needs, different breeds
Their standards are different. And ours aren't uniform.
Not all conservatives want income taxes Reagan style. We don't want to pay them at all.
Americans love their capitalism and reject all and every notion of socialism as evil and "Chinese" or "Russian" ideology. Yet as the US continues to move closer and closer to capitalism in its purest form, everyone except the 1% will suffer, and it wont be anyone else's fault except your own America. You should have voted Bernie Sanders in while you had the chance, but now, if you aren't already rich, you're going to die early due to expensive health care or sell your houses to fund it and work everyday of your life for a fraction of what your labour is worth. But hey, thats the system of capitalism that all you Americans love, so enjoy!
Connor Hay; the problem with socialism is that it works until the government runs out of other people's money. The true economic platform the U.S was founded on was entrepreneurism, the original founders were all businessmen with no social programs to teach the rest of us to depend on. The rich have always been rich and never worried about having it all taken away. For example, the concept of life insurance was a French import brought back by Benjiman Franklin. Life insurance is for people who MIGHT have something to protect, poor people don't care nor need life insurance and rich people have never truly cared about it anyway
You mean "runs out of other wealthy people's money." That's neoliberal talk,
MIchael Belt
Ndubuisi "Jkid" Okeh: No, everyone people money. I just watched a documentary about Uganda, where Idi Amin in order to receive support from the people, he used socialistic rhetoric and blamed the Asians for African poverty, who were 1% minority, but hold 90% of Ugandan businesses. In 07-Aug-1972 he forced on 90 days leave of Asians who were even born there. Then he nationalized those business, and gave to close friend. Almost all business collapsed in short period, leaving the dictator financially very weak and begun his fall.
Well that is typical example what socialism done in the past. I can give many other examples, where socialism work until running out others people's money.
Maybe I would recommend to read about Sparrow revolution in China, I am sure the girl in the video would gladly omit that.
She just romanticizing how is good socialism, without investigating the consequences of socialism. Well when you are liberal and adult, you have no brain. She is brainless, romanticizing something which is not sustainable in long period.
>he used socialistic rhetoric and blamed the Asians for African poverty, who were 1% minority, but hold 90% of Ugandan businesses.
No, he was being xenophobic, that's not socialism.
>Maybe I would recommend to read about Sparrow revolution in China
Sparrow revolution? OK, you're trying to hide the fact that you're an Neoliberal hiding in Republican clothing.
There's a saying in China: No Brain, No heart, No lungs. Neoliberals like you are like people who don't have these, they blindly follow ideology. Your arguments are based on pure ideology.
Ndubuisi "Jkid" Okeh: I did not say the Amin was socialist, but used socialistic rhetoric, take from the rich give to poor, or just like you said xenophobic, take from rich Asians give to poor Africans. And unfortunately, it did not passed well.
First I am not Neoliberal or Republican, nor American citizen. My elders saw at first hand the true face of collectivism (socialism, nationalism) and dictatorship. My grandparents who were farmers were first victims of communists in 1948. Those communists ruined the agriculture and led to hyperinflation in 1976, just the same like I heard for Venezuela. The elders told stories how they need to wake up to buy bread and food oil at 05AM, waiting in long rows, sometimes waiting 3 hours. Or how the farmers were forced to give tobacco for free in order to return State debt. State factories worked on unsustainable level with too much employment, some of them got salaries with stepping one day at work. Well Yugoslavian government borrowed at expense on it own children. When the money drained then everything went to shit.
About Sparrow revolution, just read it. That is good examples of collectivization of agriculture did not work well and in 1957 Mao had better idea how to make it effective: by killing sparrows. This led to famine to nearly 20 million Chinese, mostly villagers. Villagers who tried to flee the countryside to the city were shot at the gates. That was solidarity and brotherhood who preached by socialism, in my country in those time.
Or to mention great famine in Ukraine caused by Soviets, when the most villagers died in in hunger.
Socialism, no thanks anymore. Ideology based on envy and living at someone else expense. My arguments are based on real historic facts from many people who lived under socialism. Only spoiled brainless children praise socialism, without knowing the historical facts.
Better being heartless, than brainless. The socialism is not sustainable, I don't say the capitalism is perfect, but with its flaws is much better. It made many 1st generation wealthy people. Those people provided jobs and made improvements by selling services/goods, which helped much more than all socialistic warriors.
Using computers, phones and any other goods are invented thanks to capitalism. Typical example are poor Indians who used google maps and gps to prove they used the land for years, in order to take land ownership. Ah those greedy capitalist, what did done to poor villagers?
you need to update this for 2020
Anyone seeing this comment read or listen to rich Dad poor Dad, it will hopefully open your eyes to the truth of why working people are broke and wealthy people stay wealthy. The American system sucks but it is what it is, don't hate the player hate the game
i heard that a lot of people from the middle class are trying to renounce there citizenship
In Egypt now we have no middle class .They are all going low even their genetics are becoming lower class .
Omar Ahmed LOL what do you mean by low class genetics?
If people would do some research it's not all bad. The middle class in part shrank because more people worked their way up to upper class. I work at Walmart and have plenty of savings and own a decent amount of stock. What's changed is the mentality. People think it's hopeless and they don't even try, which is kind of weird since there are more opportunities to earn money online than ever before. People should check out Remit Sethi videos. He teaches the average person how to save and still spend some on things they enjoy. If I can get my finances under control working at Walmart anyone can do it.
Not one mention of 20+ million cheap illegal laborers.
It should have been government instead of America
40k-122k is just getting by? That's just people being irresponsible with money, my dad works his ass off for 20k-25k a year for a family of 6 and we're just barely getting by.
+clouds I guess I depends were you live, in the UK most people are paid less than that but if you wanted to live in London you'd probably be paying nearly that for rent on a 3 bed house in an area like Brixton (a more downmarket area of london). In fact average rent for a 3 bed house in Brixton is like £500 a week that equates to like $36,000 (£24,000)a year.
With those numbers, I am not in the middle class by far. Maybe I was close a couple years of my life but from doing my job too well, inventing as a scientist which oddly hurt the egos of the executives, I got terminated and black-listed.
middle class salary is 80k aud - $275k aud gross in Australia . working class income is $20k usd - $60k usd
I feel like on a couple hundred years we will have nothing
Hundred, try like in a few!
Doomed to be poor. "The trouble is that we live in a failed system. Capitalism does not permit an even flow of economic resources. With this system, a small privileged few are rich beyond conscience and almost all others are doomed to be poor at some level…That’s the way the system works. And since we know that the system will not change the rules, we’re going to have to change the system."
- Martin Luther King, Jr., March 27, 1968
"I need to pay higher taxes." "The government should require the people in my position to pay significantly higher taxes." "[Under the Republican tax cut bill] people who are wealthier tended to get dramatically more benefits than the middle class or those who are poor."
- Bill Gates, Second richest person in the world
“[T]he tattering of the American Dream is causing individuals who expected more out of life to self-destruct in record numbers. In my mind, there is a connection between the skyrocketing suicides, drug addiction, and binge drinking we’re seeing across the country and the fact that Americans are struggling so much financially. As the divide between the 'haves' and 'have nots' grows ever wider, one could assume that 99% of the population feel that overcoming economic inequality is insurmountable. Many Americans are hopeless and resigned to the fact that they may never live the American Dream or become part of the 1%.
- Christopher Bergland, Psychology Today, May 6, 2016
"Is the American Dream killing us? American culture emphasizes striving for and achieving economic success. In practice, realizing the American Dream is the standard of success, vague though it is. It surely includes homeownership, modest financial and job security, and a bright outlook for our children. When striving accomplishes these goals, it strengthens a sense of accomplishment and self-worth. But when the striving falters and fails - when the American Dream becomes unattainable - it’s a judgment on our lives. By our late 40s or 50s, the reckoning is on us. It’s harder to do then what we might have done earlier. We become hostage to unrealized hopes. More Americans are now in this precarious position. Our obsession with the American Dream measures our ambition - and anger. …[Death rates of middle-aged whites have gotten worse, mainly those with a high school diploma or less.] … The main causes of rising death rates among non-Hispanic whites 50 to 54, men and women, are so-called “deaths of despair” - suicides, drug overdoses and the consequences of heavy drinking. … The central problem is a “steady deterioration in job opportunities for people with low education.” One setback leads to another. Poor skills result in poor jobs with low pay and spotty security. Workers with lousy jobs are poor marriage candidates; marriage rates decline. Cohabitation thrives, but these relationships often break down. “As a result,” write Case and Deaton, “more men lose regular contact with their children, which is bad for them, and bad for the children.”
- Robert J. Samuelson, economist, Washington Post, April 2, 2017
You can't raise the minimum wages like Bernie and Hillary wanted to do without closing the loopholes. Because raising wages will push corporations to have their goods manufactured outside this country + they will receive a tax break for doing it. Loopholes must be closed, and new trade agreements must be negotiated. We have been taxing the big corporations at 35%,,, BUT, we gave them a big fat loophole of manufacturing outside the USA and not paying a dime of taxes. So which one do you think they chose?
I think the narrator picked the wrong neighborhood for this segment. I live on the coast, but she should of went to Detroit or any other industrial wasteland in the Mid West with vacant abandoned homes as her backdrop. Our middle class has almost disappeared folks where it matters and nobody in office really cares about urban blight and the ills it brings. We only have a few years left in the States to turn it around or we will crash and burn like all the other developed countries. Everybody can't be a millionaire, but everyone's child deserves, an opportunity to succeed in America. Enuff said
This is you're chance America become like Australia AND VOTE BERNIE!!!!!!!!!!!! Or forever you'll be forever a ultra capitalistic Monster!
Would've expected a mention or two about the household debt. It's easy to trick people into accepting stagnating wages if you deregulate enough to give them "cheap" credit. Practically all growth in Western countries after their respective Reagan revolutions has been fuelled entirely by debt. It's a double hit on middle class as not only do they get less out of their work they can contribute less and less to economy because more goes into paying the interests.
Ahhh according to pew research center 2/3rds of people who have exited the middle class over the past 45 years have entered into the higher middle class so the middle class getting smaller isn’t necessarily a bad thing
Some true facts here but she’s leaving a lot of information out. She should go back to the 1970s when we saw global competition from Japan and Germany. That played the first role into manufacturing jobs going over seas as well as unions going under. And before that yes we had a strong middle class but we also had several recessions. Point is, not every state is suffering. It’s bad policies, over population, in sourcing (illegals being put to work) and high taxes on businesses that also contribute to the fall of the middle class. Currently right now CA is losing its middle class to states like TX (ranks number 1 in business) FL, and AZ. Toyota moves its headquarters to TX in 2014 because CA has the highest business tax in the country. And yes the middle class has shrunk but our population has drastically increased. Hasn’t shrunk just due to losses but also shrank due to increased population.
let's try something that works. Google 'Socialism'.
Better use Duck Duck Go or some other search engine. The owners of Google RUclips are far right capitalists where money is concernec and their search results will likely be biased.
I don't know if the middle class is shrinking if you import 30 million poor people from latin America.
Bizarre & very true!
Reagan showed employees this was not a Government for the people by the people, and no one did anything about it ... American employees should have marched to the highest office in the land (The White House )but no, they went to the unemployment office...
That's because the middle class is not educated enough. They could learn a lot from millennials. Buy only what you need, not what you want, live below your means, never mess with the banking system, get rid of your car if you can live without it, and don't have any loyalty to brands. Always rotate the brands from where you make purchases and always find the best deals for the buck. Never buy from big retailers to give a chance the smaller ones to survive to bring healthy competition to the market. Check on the internet details about the product you're about to purchase and make sure you get a fair deal.
If the middle class is dying than why are more people exiting the middle class by moving up instead of down? This is according to Pew Research. Also the left leaning Economic Policy Institute data on incomes recently showed that incomes across the income distribution by percentile are now above their 1973 highs by 10-15%. That's not amazing, however it's also not the decline in incomes that people keep saying is happening, which is not true.
Your title should be "Captain Obvious"
Mostly nonsense. It's not true that when the more productive people get richer, that they're stealing from the less productive. High tech, automation, robotics, etc. tends to make the highly productive even more productive, but doesn't have much effect on the less productive, so the income gap grows, but it's not at the expense of the less productive.
who wants to work in a terrible factory. I don't want to have black lungs by mining coal. Just why
50k USD a year?!?!?! We people from poor countries think that is the wealth of the upper class!!
There are so much coupons in the states (that are actually great deals), my mind is confused on why they can nor survive :(
Seriously, $50k a year is rich to people living in developing countries? That's barely above poverty level here in the United States! That's the median income here for a family of four and even then, you're still living paycheck to paycheck and one mishap away from disaster.
It is precisely the merits of the unions that a middle class could emerge in the 20s and 30s. Where the workers do not united, the salaries go down. Employers always have an excuse to pay less. That is of all times and always means that if the wages are raised then the whole country collapses.
If you make 50grand a year there is no way u should be struggling lower your expenses get a smaller house apartment get a cheaper car everybody want expensive and luxury items.
It's a good thing we have President soundly rooted in the middle class right this ship...(quietly sobbing)
Just wait until when the federal wage goes to 1 dollar
@@ALCAN52 if that happened then the US will enter dark days of unrest and protests of the economy
@@ALCAN52 wait is that why I lost five dollars in system fee for that in my savings?🤔
@@ALCAN52 I'm 20 and didn't know that oof but how should I earn money for retirement like buying some stock from corporations like Facebook, Microsoft, and others or do I need to do what I need to get what you earn and retire at your age
It's called the American Dream because you have to be asleep to believe it.
Very good little video! thanks!
Don't think union busting did this, but it didn't help. NAFTA 100% has been crushing us. Ya, it's been great for corperations, but working class got screwed on this deal.
You are taking for granted that your idea of the American Dream is everyone's idea, too. Well, it isn't. I retired 6 years ago (63) and have been living my idea of the American Dream ever since. No chance my American Dream can be destroyed or pulled out from under me.
I've got way too much going on to sit around boo-hooing that life isn't fair. Tomorrow morning I must ride my motorcycle to a rally for 4 days. gotta finish packing.
Respect from Kazakhstan! IMA Kazakh boy)
Big government shrinks private sector liar = less middle class
Damn. Now I know I grew up in a lower class family making less than 30,00 a year.
+William Porter dude calm down!! why the fuck eveyone wants to be rich? no one can be rich or middle. if all was rich there no use of money power. just embrace life. and btw money wont make you happy, wont make you live longer, wont cure cancer even the most expensive doctor or medicine. will bring more problems to be more in debt if you loose your job.
+BLOODYRAINBOW - SFM SOURCE FILMAKER DUDE money can however buy you a seadoo. And I've never seen anyone sad on one of those. And it can tremendously expand your lifespan. Especially if you live in a situation where you can't afford proper health care
America is feelin the Berrn
Helios77711 just vote Bernie and youll be fine
Bennett McCoy keeping in mind, US is the only developed country in the world without single payer. If that democrat was "unable" to form a proper plan, the world is living proof that its doable. Canadian conservatives are convinced.
Bennett McCoy this solution is clearly better: -_- news.harvard.edu/gazette/story/2009/09/new-study-finds-45000-deaths-annually-linked-to-lack-of-health-coverage/
thats nearing vietnam war like casualties every year
Bennett McCoy "Wait times are not a general characteristic of universal health care countries. The Commonwealth Fund’s research consistently shows that Canada has longer wait times than a number of other countries with universal health care. For example, in 2010, 41 percent of Canadian patients waited for two or more months for a specialist appointment compared to only five percent in Switzerland. Further, 25 percent of Canadians waited for four months or more for elective surgery compared to just five percent in the Netherlands. There is also evidence from the OECD showing that some nations with universal access health care systems-Belgium, France, Germany, Japan, Luxembourg, Korea, the Netherlands, and Switzerland-report no problems with wait times." your source.
Bennett McCoy I believe we can save 45000 ppl every year. maybe it just means Im moral at the least.
We need Bernie Sanders.
Like a hole in the head!
Like a hole in the head!
He's a Socialist. Very utopian