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View Diary: May Cable News Ratings: Fox News Gets Stomped (164 comments)

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  •  There was this article I saw yesterday (2+ / 0-)
    Recommended by:
    DianeNYS, Seneca Doane

    Madison Ave. Declares ‘Mass Affluence’ Over

    The American middle class, concludes a new study from the ad industry’s top trade journal, has essentially become irrelevant. In a deeply unequal America, if you don’t make $200,000, you don’t matter.
    ...
    The global economic recession, Ad Age relates, has thrown “a spotlight on the yawning divide between the richest Americans and everyone else.”

    Taking inflation into account, Ad Age goes on to explain, the “incomes of most American workers have remained more or less static since the 1970s,” while “the income of the rich (and the very rich) has grown exponentially.”

    The top 10 percent of American households, the trade journal adds, now account for nearly half of all consumer spending, and a disproportionate share of that spending comes from the top 10’s upper reaches.
    ...
    America as a whole, the new Ad Age study pauses to note, hasn’t quite caught up with the reality of this steep inequality. Americans still “like to believe in an egalitarian ideal of affluence” where “everyone has an equal shot” at “amassing a great fortune through dint of hard work and ingenuity.”

    Even the ad companies are realizing that we're in the American banana republic.

    Reality has a liberal bias.

    by Hayate Yagami on Thu Jun 02, 2011 at 10:23:25 AM PDT

    [ Parent ]

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