1. 1113
    5
    Sep
    Really great and well put article
heylaney:

roadrunnersoup:

kateoplis:

Robert Reich: The Limping Middle Class

The economy won’t really bounce back until America’s surge toward inequality is reversed. Even if by some miracle President Obama gets support for a second big stimulus while Ben S. Bernanke’s Fed keeps interest rates near zero, neither will do the trick without a middle class capable of spending. Pump-priming works only when a well contains enough water.
Look back over the last hundred years and you’ll see the pattern. During periods when the very rich took home a much smaller proportion of total income — as in the Great Prosperity between 1947 and 1977 — the nation as a whole grew faster and median wages surged. We created a virtuous cycle in which an ever growing middle class had the ability to consume more goods and services, which created more and better jobs, thereby stoking demand. The rising tide did in fact lift all boats.
During periods when the very rich took home a larger proportion — as between 1918 and 1933, and in the Great Regression from 1981 to the present day — growth slowed, median wages stagnated and we suffered giant downturns. It’s no mere coincidence that over the last century the top earners’ share of the nation’s total income peaked in 1928 and 2007 — the two years just preceding the biggest downturns.

Read on.

Worth the read.

I echo the fact that this is a worthwhile read.

    Really great and well put article

    heylaney:

    roadrunnersoup:

    kateoplis:

    Robert Reich: The Limping Middle Class

    The economy won’t really bounce back until America’s surge toward inequality is reversed. Even if by some miracle President Obama gets support for a second big stimulus while Ben S. Bernanke’s Fed keeps interest rates near zero, neither will do the trick without a middle class capable of spending. Pump-priming works only when a well contains enough water.

    Look back over the last hundred years and you’ll see the pattern. During periods when the very rich took home a much smaller proportion of total income — as in the Great Prosperity between 1947 and 1977 — the nation as a whole grew faster and median wages surged. We created a virtuous cycle in which an ever growing middle class had the ability to consume more goods and services, which created more and better jobs, thereby stoking demand. The rising tide did in fact lift all boats.

    During periods when the very rich took home a larger proportion — as between 1918 and 1933, and in the Great Regression from 1981 to the present day — growth slowed, median wages stagnated and we suffered giant downturns. It’s no mere coincidence that over the last century the top earners’ share of the nation’s total income peaked in 1928 and 2007 — the two years just preceding the biggest downturns.

    Read on.

    Worth the read.

    I echo the fact that this is a worthwhile read.

  2. 225
    5
    Sep
    love this…

    love this…

    (via thethinkingtank)

  3. 62142
    29
    Aug
    Cutest damn thing 


parkhyuna:

아!!!! My unnie is doing a good job raising him ^^
    Cutest damn thing

    parkhyuna:

    아!!!! My unnie is doing a good job raising him ^^

  4. 4878
    28
    Aug
    courtneydoesdallas:

Ulyana Sergeenko lookbook fall/winter 2011/2012
I want all of it. Please.


Exciting

    courtneydoesdallas:

    Ulyana Sergeenko lookbook fall/winter 2011/2012

    I want all of it. Please.

    Exciting

    (Source: thedamnablebell, via k-king)

  5. 13300
    25
    Aug

    k-king:

    wow. 

    Extraordinarily beautiful and breathtaking

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I am ADD personified; a lover of things unique, beautiful, creative, inspirational even when those things might contradict some other liking of mine. I'm trying to make sense of it all, one post at a time.
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