Middle Class Standard of Living
The Middle Class Standard of Living is not what it used to be. Fewer jobs and lower salaries, and higher prices are undercutting the middle class’s standard of living. It is not going to stop.
What is happening?
The economic system has changed significantly. Politicians do not care and are unable to solve the economic problems. Western society is on its way to becoming a two class system; the rich and the poor. Then it will be just like the third world countries.
What if anything can be done?
Change the way people look at the economy. The economy is continuously evolving. This cannot be stopped. The economy is not something that can be manipulated by governments. There is no quick fix. The economy has rules just like science; some of the rules change as the economy evolves. The economy works the way it wants, not the way man wants.
Economists do not understand the economy. They learned some fairy tale theories in college. Relying on economist is the path to disaster, but that is exactly what the government and the people do. No wonder the economy is in such a mess.
Everyone needs to learn real economics and how to make it work for them.
People will always get the economy they deserve and never the economy they want.
Referrals and comments to this blog would be greatly appreciated.