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ok, now what if later im marred and im fired? and i have to stay at home and watch over the kids, cook, do the dishes, and etc while my wife is out there in teh office? do you think its demeaning? maybe my wife will respect me more? or am i going to be ridiculed by both men and women in my community/friends?
Answer
Don't believe it for a second, your wife will resent you if she is outworking and you are at home.
Unless you find a way to make as much money as she does or more from home, then you need to get out there and find another job.
Women can get away with being outside of their professions for a few years and then get back in, men do not enjoy that luxury, once you are out, you are out of the loop.
Don't believe it for a second, your wife will resent you if she is outworking and you are at home.
Unless you find a way to make as much money as she does or more from home, then you need to get out there and find another job.
Women can get away with being outside of their professions for a few years and then get back in, men do not enjoy that luxury, once you are out, you are out of the loop.
If the millionaires and billionaires are getting richer, the middle class shrinking & number of poor rising?
jesswzmn
what would you say is causing this?
Please dont deny these facts, because I have been reading stories stating them for years now to indicate what is going on in the USA.
So hopefully your answer will be what I am asking...and explanation as to what is the cause of these trends. I would also love to hear from Democrats and Republicans on this.
Answer
This is a very complicated question, involving many factors. You are right, the middle class in the U.S. is slowly shrinking.
Causes include rapidly mounting debt (both personal and governmental deficit spending) that has sustained our standard of living since factories and other productive jobs began to move offshore in the 1970's, increased competition from rapidly industrializing countries such as China and India, tax policies, &c.
The golden decades after WWII were very unique for the United States. Europe had blown itself to pieces during the war, and the U.S. was the only major industrialized country that was left standing. Countries like China and India had not yet begun to industrialize, and the U.S. was the only other game in town. Our factories supplied materials to the whole world: our companies supplied the products that rebuilt much of Europe in the years after the war, and also fed the early industrialization of the 2nd world nations. As we moved into the midst Cold War, Europe continued to rely on the U.S. for most of its defense infrastructure.
By the 1970's, America's post war boom was slowly wearing off. Europe had rebuilt itself, and in the decades ahead, rather than being a source of easy business, countries such as India and China slowly became competitors as their own industries developed. Real wages probably peaked around this time.
Our own industry slowly began to move offshore as our "free trade" policies, which had benefited us in the past, bit us in the rear. Companies found that workers in other newly industrialized countries were willing to do the same work for less than the overpaid American workers.
We tried many things to sustain our standard of living. First, wives went into the workforce. By the 1990's, women with families were entering the workforce not because they wanted to, but because it now took two wage-earners to afford a standard of living that previously took only one wage-earner.
In the 1950's it really was possible for a man to work at a semi-skilled job and support a stay-at-home wife, a car, a house, and several children (not in luxury -- but support them nonetheless). Today if both husband and wife do not have a college degree, they will struggle to do this, even with both of them working full time. In this sense, our standard of living has already dropped significantly.
Beginning in the middle to late 1980's, even the addition of a second member of the family to the workforce was not enough to stop declining living standards, and Americans began to rely for the first time on large amounts of debt. Personal debt has risen continuously and steeply since the 1980's as Americans seek to sustain a standard of living that is no longer sustainable.
Government debt increased rapidly as well. The fact is that the federal government has promised the people far more in Social Security and Medicare than it will ever be able to pay in the future, and already the federal government is borrowing $0.40 for ever dollar it spends.
Americans are on a crash course with a very cold reality. The standard of living that we attained in the years after WWII was not, and is not sustainable. Think about it: why should the United States have a standard of living that is so much higher than the rest of the world? To begin with, it was due to the reasons stated. Now, we simply sustain it with enormous amounts of national debt.
Both Democrats and Republicans have made their share of blunders along the way, but they are fighting forces larger than any one political party.
If you are truly interested in economics and the causes of the current economic predicament, and the rising disparity between wealthy and poor, I strongly recommend that you watch the "Crash Course" (aptly named) by Dr. Chris Martenson. You can watch the 45 minute version or the full 2.5 hour version. It is freely available here: http://www.chrismartenson.com/crashcourse
This is a very complicated question, involving many factors. You are right, the middle class in the U.S. is slowly shrinking.
Causes include rapidly mounting debt (both personal and governmental deficit spending) that has sustained our standard of living since factories and other productive jobs began to move offshore in the 1970's, increased competition from rapidly industrializing countries such as China and India, tax policies, &c.
The golden decades after WWII were very unique for the United States. Europe had blown itself to pieces during the war, and the U.S. was the only major industrialized country that was left standing. Countries like China and India had not yet begun to industrialize, and the U.S. was the only other game in town. Our factories supplied materials to the whole world: our companies supplied the products that rebuilt much of Europe in the years after the war, and also fed the early industrialization of the 2nd world nations. As we moved into the midst Cold War, Europe continued to rely on the U.S. for most of its defense infrastructure.
By the 1970's, America's post war boom was slowly wearing off. Europe had rebuilt itself, and in the decades ahead, rather than being a source of easy business, countries such as India and China slowly became competitors as their own industries developed. Real wages probably peaked around this time.
Our own industry slowly began to move offshore as our "free trade" policies, which had benefited us in the past, bit us in the rear. Companies found that workers in other newly industrialized countries were willing to do the same work for less than the overpaid American workers.
We tried many things to sustain our standard of living. First, wives went into the workforce. By the 1990's, women with families were entering the workforce not because they wanted to, but because it now took two wage-earners to afford a standard of living that previously took only one wage-earner.
In the 1950's it really was possible for a man to work at a semi-skilled job and support a stay-at-home wife, a car, a house, and several children (not in luxury -- but support them nonetheless). Today if both husband and wife do not have a college degree, they will struggle to do this, even with both of them working full time. In this sense, our standard of living has already dropped significantly.
Beginning in the middle to late 1980's, even the addition of a second member of the family to the workforce was not enough to stop declining living standards, and Americans began to rely for the first time on large amounts of debt. Personal debt has risen continuously and steeply since the 1980's as Americans seek to sustain a standard of living that is no longer sustainable.
Government debt increased rapidly as well. The fact is that the federal government has promised the people far more in Social Security and Medicare than it will ever be able to pay in the future, and already the federal government is borrowing $0.40 for ever dollar it spends.
Americans are on a crash course with a very cold reality. The standard of living that we attained in the years after WWII was not, and is not sustainable. Think about it: why should the United States have a standard of living that is so much higher than the rest of the world? To begin with, it was due to the reasons stated. Now, we simply sustain it with enormous amounts of national debt.
Both Democrats and Republicans have made their share of blunders along the way, but they are fighting forces larger than any one political party.
If you are truly interested in economics and the causes of the current economic predicament, and the rising disparity between wealthy and poor, I strongly recommend that you watch the "Crash Course" (aptly named) by Dr. Chris Martenson. You can watch the 45 minute version or the full 2.5 hour version. It is freely available here: http://www.chrismartenson.com/crashcourse
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