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America’s working class is falling behind, particularly white males

Monday, October 10, 2016 8:41
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From NY Post: Have you ever wondered why so many of America’s working class feel left behind and cheated? Why this country’s economic “miracle” has created such a negative feeling in so many Americans?

While this economy has been harsh to many individuals of all colors, races and ethnicities, the data in a study just put out by the Sentier Research highlight just how screwed over working-class white males with a high school education have been.

Over an 18-year period, from 1996 to 2014, white males in the working class have seen their pay fall by 9 percent, according to the study, which looked exclusively at white males.

That’s hard to accept for virtually anyone. Take, for example, those in the 40- to 44-year-old age group, commonly a parenting age. The average earnings of the working-class white male high school graduate in 1996 was $60,126; in 2014, it was $52,512. Eighteen years later, he’s making 12.7 percent less.

In the 45- to 49-year-old group, it’s even worse. Their earnings fell from $62,767 to $54,303, a 13.7 percent loss in income.

To add insult to injury, this population group has been shrinking significantly over the years, therefore there is less competition for jobs, something that traditionally has elevated pay.

In contrast, it does pay to go to college. White male college graduates saw their income rise 23 percent.

An analysis of health-care costs by Aon found that there has been a 134 percent rise since 2005 in employee contributions and out-of-pocket co-payments and deductibles.

So a 23 percent income increase over 18 years in reality is actually a very weak number, although it’s far better than a loss of 9 percent.

So it’s not hard to see why the working class can relate to a pro-business billionaire like Republican presidential candidate Donald Trump. They may not like everything he says, but they are hurting and they want a change.

America’s white working class is working as hard as ever and are not only not getting ahead, they are falling behind.



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