2016 Postmortem
In reply to the discussion: Fuck the white working class [View all]guillaumeb
(42,649 posts)People making 400,000 a year define themselves as middle class, as do people making 20,000 a year. It reflects more of a mindset or an aspiration rather than a term that defines economic reality. Who defines themselves as "low class"?
People making 50,000 or less a year, over half of the population, are much more vulnerable, much less likely to have a financial cushion. And the rich exploit that vulnerability, sometimes by pointing out union members make more than the average. Or that government workers have pensions.
Never examined by the corporate media is that the principal Walton heirs are worth more than the bottom 40% of US workers combined. Or that corporations are moving overseas because hedge fund operators are constantly seeking even higher returns. Carrier is a profitable company. it is moving production to Mexico to make even more money.