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Solving the mystery of the disappearing middle class
 [Political Calculations] More or Less is a BBC 4 radio program, hosted by Undercover Economist Tim Harford, dedicated to explaining and sometimes debunking the numbers and statistics used in political debate, the news and everyday life. It's a fascinating program and we often play the podcasts as we toil behind the scenes here at Political Calculations.We bring that up because we've noticed a pattern developing in this past week, where we find ourselves treading on their territory, as we've explored a better measure of the economic well-being of the people of a nation, debunked a key assertion of a team of climate scientists and used U.S. soybean exports to explain why China's economy may not be performing as dismally as it appears. Today, we're back in debunking mode, thanks to the release of a report by the Pew Research Center on Wednesday, 10 December 2015, which finds that the United States has reached a kind of tipping point, as middle class households in the U.S. are no longer in the majority. The Washington Post describes the report's key findings: Posted by: Besoeker 2015-12-11 |
| http://www.rantburg.com/poparticle.php?ID=438262 |