President Obama recently ratcheted up his disdain for Fox News, saying he disagrees with the channel's message, and calling it "destructive" to America in the long term. Specifically, he said he believes a "vibrant middle class" is important for America. Implying that Fox News is opposed to that idea.
Is a middle class really that important?
America already has one of the greatest disparities of wealth of any industrial nation, and remains economically and socially vibrant. Granted, the US retains a large middle class, but if American society were to increasingly bifurcate on household wealth lines, would that be a bad thing?
If the wages of modestly skilled workers were to decrease, they would be more competitive with the middle classes of India and China, and able to undercut the European middle class. Manufacturing could come back to America, and if we repealed a few environmental regulations, more natural resources could be harvested in America. This could allow America to remain competitive on the world stage.
Of course, it would be ideal to belong to the upper elite echelons of society, where all the wealth and political power is concentrated. I assume all or most posters on this forum would inhabit that social strata. With that in mind, what are your thoughts? And is Obama wrong to cherish the "middle class?" Is the American middle class a quaint romantic idea whose time has come to a close?
Is a middle class really that important?
America already has one of the greatest disparities of wealth of any industrial nation, and remains economically and socially vibrant. Granted, the US retains a large middle class, but if American society were to increasingly bifurcate on household wealth lines, would that be a bad thing?
If the wages of modestly skilled workers were to decrease, they would be more competitive with the middle classes of India and China, and able to undercut the European middle class. Manufacturing could come back to America, and if we repealed a few environmental regulations, more natural resources could be harvested in America. This could allow America to remain competitive on the world stage.
Of course, it would be ideal to belong to the upper elite echelons of society, where all the wealth and political power is concentrated. I assume all or most posters on this forum would inhabit that social strata. With that in mind, what are your thoughts? And is Obama wrong to cherish the "middle class?" Is the American middle class a quaint romantic idea whose time has come to a close?
