Here, at Business Insider, is an article exploring in visual chart form the distribution of wealth in the United States. In short, nobody has been this bad off (except, it seems by these numbers, the top 10% of the wealthy) since the 1920s. My take on this is that we’re actually experiencing the aftershocks of globalism. Manufacturing and lower-paying jobs, traditionally a gateway to middle class for poor Americans, are mostly outsourced to developing countries, leaving the American poor to tend our fry computers.
I’ve often been accused of being anti-globalist, but that’s not true. I am pro-regulated market. An unregulated market is one that fights tooth and nail, no matter the consequence, with regulation. Unbiased oversight stands a better chance of balanced participation.