The tale of 2 economies of 2 worlds, one where unemployment is heralded to be the lowest since year 2000, with all the economic stats pointing in the right direction. And the other a world likened to historical periods of spectacular class and wealth division of the populations. Can these 2 worlds co-exist at the same time? Will the 2 worlds collide and spark widespread upheaval. History books tell us these 2 worlds can and have existed in parallel thoughout the millennia.
History also tells us that when class division reaches a spectacular point between the ‘Have Gots and the Have Nots’ that there will be social upheaval and revolution. The ‘Have Nots’ will reach a point where they Just Can’t Take It Anymore, and as history also shows; ‘No amount of bullies and bullets can stop an idea whose time has come’. Communist/Socialist ideas are definately not the answer (just look at Venezuela). The 1% repeatedly sets such bad examples it’s no wonder people think wealth distribution schemes are the answer. The current state of the divide between the classes is highlighted in a recent article by Tami Luhby titled; ‘Almost half of US families can’t afford basics like rent and food’
Here are some quotes from Ms. Luhby’s article;
“Nearly 51 million households don’t earn enough to afford a monthly budget that includes housing, food, child care, health care, transportation and a cell phone, according to a study released Thursday by the United Way ALICE Project. That’s 43% of households in the United States”
“The figure includes the 16.1 million households living in poverty, as well as the 34.7 million families that the United Way has dubbed ALICE — Asset Limited, Income Constrained, Employed. This group makes less than what’s needed “to survive in the modern economy”
“Despite seemingly positive economic signs, the ALICE data shows that financial hardship is still a pervasive problem,” said Stephanie Hoopes, the project’s director. California, New Mexico and Hawaii have the largest share of struggling families, at 49% each. North Dakota has the lowest at 32%”
“Many of these folks are the nation’s child care workers, home health aides, office assistants and store clerks, who work low-paying jobs and have little savings, the study noted. Some 66% of jobs in the US pay less than $20 an hour”
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