GatoDelFuego You should read up on Peter Temin's (MIT Economics professor) newest book,
The Vanishing of the Middle Class: Prejudice and Power in a Dual Economy. In it he highlights the extraordinary differences between the upper 20% of America, the FTE (finance, technology, electronics) sector, the people who have their parents pay for their college, never worry about law enforcement, typical white collar Wall Street americans, and the bottom 80% of America, the people who go into extraordinary debt to pay for college, who worry about their minimum wage job and whether they'll be able to make rent for this month, who dont form lasting familial relationships anymore because they see a dying world around them. In this novel he uses Nobel Prize of Economics winner W. Arthur Lewis' economic model for developing nations to justify his reasoning that America has been regressing from the superpower it once was.
The Lewis Model, otherwise known as the Dual-sector model is one of the most influential contributions to the field of economics. Temin's parallels to this model with respect to the United States are thus:
the low wage sector has little influence over public policy (yes, as evidenced by the all too famous "he didn't win the popular vote" as well as Trump's favorability ratings thus far in his presidency and the oligarchial tones that this republic has put forth, or as you put it "corrupt democracy ran by the highest bidder").
The high income sector keeps wages low to provide cheap labor for businesses (yes, as evidenced by the ever growing movement for a sustainable living wage met with increased resistance by the upper class elite and those that cling to the "bootstraps" myth).
Social control is used to keep the low wage sector from challenging policies set about by the high wage sector (Mass incarceration? Ever increasing Police Brutality? Twisting of narrative on the NFL take a knee movement?)
The primary goal of the richest members of the high income sector is to lower taxes (New tax reform implemented by GOP with calls from their donors such as Murdoch / Koch Brothers to "get it passed or don't ever call me again").
Low social and economic mobility ("poverty is a cycle," once you're rich you stay rich as evidenced by Trump bankrupting 6 times and still have 600 million to his name, bootstraps myth again).
Temin observes that to transition from the "low wage" to "high wage" sectors in America a strong solid educational foundation is needed. Not just college, but developing education and transition to high school as well. This falls flat when our educational departments and public funding is gutted in order to pave the way for Betsy Devos and her private education spiel and bias. Not to mention that once college ends many people struggle to find employment without resorting to social connections and relatives, something that in an increasingly institutionalized racist America doesn't exist in technological and financial districts of America for black people. Its 2017 and women still get treated unfairly in the workplace and are socially expected to just be delegated to being teachers / social workers.
This trend towards being a developing nation has been happening since at least the 70s economists point out, starting with Nixon's War on Drugs which targeted "hippies and blacks," was accelerated with the introduction of Reaganomics (trickle down for those unaware and has been disproven many a time) and was met with backlash in the most recent 2016 election. That's why Bernie Sanders and Donald Trump, while both entirely different policy and morality wise, were heavy with the low wage white worker crowd who had grown to see the increasing divide between the "elite" of this country and the "vanishing middle class." It has only accelerated under Trump rule with many a bill / attempt at a bill I would be happy to point out.
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