Monday, October 10, 2016

The in crowd

If my choice the Kasich/Rubio ticket were running against Clinton the discussions and debates would be mostly about policy as Kasich would not take the low road against Hilary. This would be great for the voters to hear but in the end not much would change no matter who was elected. The establishment has had many years to help the lower, middle income groups and nothing has improved. It is quite amazing the largest group of workers in the country have seen their wages stagnate for 40 years. But after adjusting for inflation, today’s average hourly wage has just about the same purchasing power as it did in 1979, following a long slide in the 1980s and early 1990s and bumpy, inconsistent growth since then. In fact, in real terms the average wage peaked more than 40 years ago: The $4.03-an-hour rate recorded in January 1973 has the same purchasing power as $22.41 would today. This does not impact the people with college degrees who have seen their wages increase but it is devastating to the lower, middle income group which represents 70% of all those working. These people are as much attracted to Trump as the establishment is repulsed by him. The fact that he is vulgar and makes promises that experts say he cannot keep does not deter his fans who are desperate for change. Making new deals with China or introducing import taxes sounds unachievable to experts but it gives hope to those who have watched their jobs disappear. To all who are doing ok and to the millions who have given up on getting a job, I say relax because Clinton will win and we will have another four years of status quo as the in crowd will maintain control.

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