This week and next week we are reading The Iron Heel, which talks a lot about economic classes and class antagonism.
For simplicity's sake, there are usually three economic classes: poor, middle, and upper classes. One definition of middle class is this:
Based on 2010 census data, the middle class would be the sixty percent of Americans with household incomes from $28,636 to $79,040 a year.
In America, the number of poor are increasing. The middle class is getting smaller as more people fall from middle to working class. And it is increasingly difficult for poor people in America to climb up from poverty to middle and upper classes.
Workers and the shrinking middle class in America work more with fewer days of leave, less maternity leave, and fewer days of paid vacation compared to others around the world. Click on these images for a better picture of the emerging situation in the US:
At the same time, the wealthy are fewer and getting richer. CEO pay keeps going up while worker pay stays about the same.
The gap between the wealthy and the working class is getting bigger -- while many citizens keep imagining that it is not, as this video shows:
Some people, however, see an increasing conflict between the classes -- as these graphs from Pew Research show.
What do you think? Are there classes in America? Is the gap between the classes too large -- is there too much inequality? If you think that gap is too large, what should be done to close the gap between the wealthiest and the poorest? Or, is the gap between the wealthy and the poor just about right? Should our policies aim to keep the wealthy wealthy and the poor poor? Are there any potential political problems of high levels of inequality?