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December 27th, 2009 at 6:01 pm
Phil –
Love the article – disclosure – I have an advance degree from the New School for Social Research in Political Science – read (I went there to study critical theory, continental philosophy, and marxism) silly me – does not seem to pay the bills –
Think article would be improved if you gave a breakdown by income – who are the top 1% by wealth and by income – who are the top 5% etc. – it’s hard to read off of the chart –
Key here is that people who qualify for the top 10% of wealth and income often do not perceive themselves as wealthy because they are comparing themselves to their friends and co-workers – we should be more frank about what class we inhabit in this country
I think one of the awful feature of this rise in income inequality is to create a greater sense of anxiety among the middle and upper middle classes as they struggle to maintain their incomes and lifestyles because they rightly perceive their is no safety net in this country – as you mention we work longer hours than other industrialized countries.
We have greater inequality in this country than Europe b/c we have not working class consciousness – politics are mostly race based – rather than class based – we all live under the illusion that we are middle class.
Go Phil!