Revealed: the 30-year economic betrayal dragging down Generation Y’s income

Re:Revealed: the 30-year economic betrayal dragging down Gen... by Retric on Monday March 07, 2016 @10:06AM (#11239254)

I think I found the source of that chart. When we line up all individuals in the world, from the poorest to the richest. http://www.voxeu.org/article/global-income-distribution-1988

So, it says just about nothing about the US income distribution.

PS: I suspect that bump is basically China + India, and the Dip is the US/EU middle class. Yes, outsourcing and free trade is great for other people.

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Re:Revealed: the 30-year economic betrayal dragging down Gen... by yummyfajitas on Monday March 07, 2016 @10:15AM (#11239303)

What tipped you off, the label on the X-axis?

It's not great for wealthy people who were enjoying economic rents by excluding desperately poor people from the global economy. So what? Do people earning $2,000/year (1/10 of what a poor American consumes) not count?

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Re:Revealed: the 30-year economic betrayal dragging down Gen... by Retric on Monday March 07, 2016 @01:23PM (#11240469)

Helping the global poor is a great soundbite, but there are plenty of ways to do the same thing without harming the vast majority of Americans.

Of note the rich got a free ride while breaking the US middle class. That's actually bad for long term economic growth. It also entrenched and entrenched authoritarian governments around the world ex: China.

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