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Originally Posted by Zhukov
I don't think you know what a middle class is. Or a 'class' in general. The middle class, specifically, is the petty bourgeois; a small business owner or shopkeeper. Someone that employs others but also works alongside them. I'd love to know why you think unions have any effect (not affect this time) on a class existing.
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No,
Petty Bourgeois was a term used for the middle class in France during the time of the revolution. That term has no bearing on present day living standards.
Middle class, now, is a class of people who make a reasonable amount of income higher then the poor or lower classes but less the the wealthy class. Here in the USA we have poor people making around 20,000-35,000 dollars a year. Then we have middle class who are making 40-70,000 dollars a year and then we have the upper middle class making 70+ a year. These people are usually diluded and believe they're apart of the power structure when in fact they are the people who get ripped off the most because they have to hide their money in the stock market which usually collapses.
Unions have a very large effect on how classes work because if you're in a good Union and I emphasis GOOD not Corrupt but well managed, you can negotiate higher wages, benefits, and pension plan. You can also have the ability to say NO to more work meaning people the employer has to higher more people, meaning more people in jobs, meaning money in the economy.
Unions = Middle class
Middle class = a healthy national economy
Right now in the states we have a growing poor class, dwindling middle and upper middle class, and a Super rich class that doesn't pay taxes and is attempting to drive down the standard of living for everyone else.
Quote:
Originally Posted by Zhukov
Really? Which ones? That's quite a lot.
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Type in
Sheila Colleen Bair - federal deposits and insurance corporation of the treasury.
She shuts down banks every Friday here in the states. sometimes 5, sometime 10, sometimes 20. Every week is more banks closing there doors but GoldManSachs, JPmorgan, citibank and other designated WINNERS get to stay in business with injections of cash from the Federal Reserve.
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I haven't noticed anything here, to be honest. Where I live it's the second worst area for unemployment in the country at about 6% (officially), but I still think it's reasonably low compared to, say, 25% (officially) seen in the US during the 30s.
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We already have 25% unemployment. You always have to double the number. We are in a global depression. Look around you. Did you not notice the trillions of dollars being used to bailout banks? did you not notice the tent cities? do you not see how almost every country that has worked with derivatives is in trouble?
It's so blantant.