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View Diary: LA Times Article Will Sink Romney (175 comments)

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  •  Oh, these people? Not a huge demographic (60+ / 0-)

    Taxes Median Income


    75% earn less than $42,000
    50% earn less than $26,000
    40% earn less than $20,000

    The Median Income in the USA is only $26,000 a year.


    HECK, Romney's dancing horse costs him $70,000 a year.  The horse has more to live on than 75% of American workers.


    National chains have destroyed local businesses and our ability to earn a living wage.  I hate them.  I boycot them.  And, yes, my jeans are beginning to fray (lol)

    It's difficult to be happy knowing so many suffer. We must unite.

    by War on Error on Sat Sep 15, 2012 at 04:56:38 PM PDT

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    •  Not sure that is the same as household income (4+ / 0-)

      especially  dual earner households, but the story would basically be the same.

      The modern conservative is engaged in one of man's oldest exercises in moral philosophy;the search for a superior moral justification for selfishness

      by CTMET on Sat Sep 15, 2012 at 06:04:11 PM PDT

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      •  We earned over $80K in 1994 (2+ / 0-)
        Recommended by:
        Leap Year, sethtriggs

        as a household and barely got by, few perks.  Our mortgage was for a new house, $80K.  Today same house worth $240,000.  INSANE

        Costs have sky rocketed since then, but wages have not.

        Again, 75% earn less tan $42,00

        So if both husband and wife are in the upper end here, that would only be $84,000 gross income a year.  It's subsistence living sadly.

        HAD A THOUGHT.  Maybe the rich have escalated housing costs so their off spring won't have to worry about capital gains?

        It's difficult to be happy knowing so many suffer. We must unite.

        by War on Error on Sat Sep 15, 2012 at 07:24:49 PM PDT

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        •  Also saw a stat recently (5+ / 0-)
          Recommended by:
          sfbob, fhcec, sethtriggs, indres, War on Error

          that 25% of private-sector jobs pay less than $10 an hour! Let's also not forget the flip side of Romney's coin (which will still have God on it): the budget cuts. Unemployment benefits, welfare, food stamps, Medicaid, Medicare... these will all be slashed. So tell me again how those 25% of workers in the private sector are going to manage? And I'm sure the downsizing of public-sector jobs will continue - firing more teachers, cops, firefighters, etc.

          Seriously, these greedy bastards can go to hell.

    •  Great chart & stats! But it's not all about chain (13+ / 0-)

      stores, destructive as the are.  Modern consumer capitalism plut financialization are stealing our economic lifeblood. 1964 the share of total profits taken by finance was 2%.  In 2004, 40%.

      Theft. Perfectly legal, as Romney says.

      •  I blame chains (8+ / 0-)

        not just stores and restaurants anymore.  It's plumbing, electricians, and any service you can name now nationally working but owned and run by a central office.  This trend forces people to work for these chains and/or be one of the lucky ones CHOSEN to head up regional offices.

        You have to look into it, I have.  It's amazing what has been nationalized via private business.

        LabCorp is a good example.  Horrible to work for from those I know who have or do.  Laboratory Corporation of America.  Gone are the locally operated medical labs.

        It's difficult to be happy knowing so many suffer. We must unite.

        by War on Error on Sat Sep 15, 2012 at 07:21:26 PM PDT

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        •  The chains are not just (9+ / 0-)

          forcing people into lower-wage jobs; they are also, I would argue, stealing people's autonomy. I don't have a number here, but I would bet that a pretty decent share of small businesses (truly small businesses, like my husband's solo architecture practice, or a family hardware shop, or the awesome cupcake store around the corner) are "lifestyle businesses", which means that they are not trying to dominate the market or expand globally or anything like that; they just want to do right by their customers while making a decent living and maintaining whatever work-life balance they need to. Being your own boss, or an integral part of a small team, brings much more satisfaction than being an unappreciated, harassed drone.

          Some people are motivated only by greed, but I would submit that for most of us, what's a lot more important is autonomy and dignity in our work. The giant box stores rob people of those options. Finally, they also rob many workers of any meaningful opportunity for advancement. This is not the American Dream (unless you are part of the ownership class).

          •  "Whose name is on your shirt?" drones (1+ / 0-)
            Recommended by:
            Leap Year

            I know a young couple being wrung bloodless by the Company that owns Arbys/Wendys.  These two married kids, one child, work 60-70 + hours a week all to be called a "manager"  which means no overtime.   Shameful right to work state

            It's difficult to be happy knowing so many suffer. We must unite.

            by War on Error on Sun Sep 16, 2012 at 08:31:26 AM PDT

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    •  Correction: Median income is $50,054, the lowest (3+ / 0-)
      Recommended by:
      skohayes, WakeUpNeo, sunbro

      since 1996 and down 1.5 percent from 2010.

      The Census Bureau announced Wednesday that median household income in the United States had fallen to $50,054, the lowest since 1996 and down 1.5 percent from 2010.

      The announcement was the latest in a series of indicators that shows American households are making less than they have in the past. Median household income is defined as the dividing line for U.S. incomes--half of Americans make more than the median, while half make less.

      But according to experts and a large body of research, many Americans aren't aware of which one of these categories they fall into. Many believe they are better or worse off than they actually are, and have misconceptions about how other classes live. These misconceptions can lead people to vote against their economic interests, and often perpetuate policies that make it nearly impossible to climb the economic ladder.


      "We are a Plutocracy, we ought to face it. We need, desperately, to find new ways to hear independent voices & points of view" Ramsey Clark, U.S. Attorney General.

      by Mr SeeMore on Sun Sep 16, 2012 at 12:10:28 AM PDT

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      •  Mr SeeMore, you are quoting Yahoo News! (0+ / 0-)

        That provides no link to the information.  ALSO, your $50K is HOUSEHOLD INCOME as in two workers.

        Actually, this proves that that the majority of workers earn less than $26,500 a year.  So sad.

        Shame on Yahoo news for providing no link to their information source.  

        It's difficult to be happy knowing so many suffer. We must unite.

        by War on Error on Sun Sep 16, 2012 at 08:35:38 AM PDT

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