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In a sign of the fading American Dream, 92 percent of children born in 1940 earned more than their parents, but only half of those born in 1984 can say the same, researchers said Monday. Greater inequality in the distribution of growth is largely to blame, said the findings in the US journal Science. "Children's prospects of earning more than their parents have faded over the past half century in the United States," said the study, led by Raj Chetty of Stanford University. "Absolute income mobility has fallen across the entire income distribution, with the largest declines for families in the middle class."
Since little data exists linking children to their parents in terms of economic performance, researchers combined US census data with tax records, adjusting for inflation and other confounding variables. They found the sharpest declines in income in the industrial Midwest, including states like Indiana and Illinois. "The smallest declines occurred in states such as Massachusetts, New York and Montana," said the study.
(Score: 2) by julian on Wednesday April 26 2017, @03:38PM (4 children)
I agree with you more than you probably realize. The last good Democratic President IMO was Carter, who has been the victim of a massive and slanderous campaign of historical revisionism. After that the Clintons sold out this party to Wall Street and abandoned the white working class, who are natural Democrats.
But HRC was still the better choice last election.
(Score: 3, Interesting) by hemocyanin on Wednesday April 26 2017, @04:39PM (3 children)
No. HRC was the worst choice because it would cement the Clinton wing for decades. With her loss it has given the Democrats a chance to reform itself. Whether they'll embrace that chance remains to be seen, but it doesn't appear that they will, which will necessitate additional defeats until they get it.
(Score: 2) by julian on Wednesday April 26 2017, @06:10PM (2 children)
I understand the logic of thinking this way, I just believe the price we had to pay (Trump) is too high.
(Score: 2, Informative) by Anonymous Coward on Wednesday April 26 2017, @09:18PM
Not only is hemocyanin correct, he's not alone. [google.com]
4 (or, $DEITY forbid, 8) more years of Democrat elites and their Neoliberalism would have done no good for Joe Average.
It's worth noting that about half of the nitwits who voted for Trump^W^W against Hillary now have buyer's remorse.
That said, the first thing the Blue Elites did after losing the presidency and a bunch of down-ticket races was elect Nancy Pelosi (a Neoliberal) as House Minority Leader, Chuck Schumer (a Neoliberal) as Senate Minority Leader, and Tom Perez (a Neoliberal) as DNC Chairman.
Clearly, the incumbent Blues have learned nothing.
The 2018 midterm elections are a chance for The Blues to take back the House and Senate.
Progressive Democrats must do what The Tea Party did and take over local congressional districts and, once inside the structure, get non-Neoliberals nominated and elected.
As he has repeatedly noted on The Ralph Nader Radio Hour, Ralph says it only takes 3 percent in a congressional district getting involved to make big changes happen.
After that threshold has been reached, folks by the dozen see the light and get on board.
If rank-and-file Blues continue to allow Neoliberals on their ticket, The Blues will continue to lose elections.
Wanna see better electoral results? BE THE CHANGE.
The alternative way to beat the Reds is to launch a third party and gain enough momentum to win in 19 months.
Five-time presidential candidate Ralph Nader thinks that's a daunting task.
-- OriginalOwner_ [soylentnews.org]
(Score: 1) by toddestan on Saturday April 29 2017, @03:54AM
Well, with any hope the Republicans will also reform themselves thanks to Trump. Whether they can do that or just continue to tear themselves apart is yet to be seen.
Electing Clinton would have changed absolutely nothing.