What Happened To The Future?

Americans have always had faith in the future, that it would be better than the present, and way better than the past.   That's been the foundation for generations of Americans who believed that if they worked hard and focused on a goal, they could improve their lot in life as well as secure their children's future.  This notion has been used as a way to distinguish America from "those other countries" where economic mobility was difficult, if not impossible, to improve.

Apparently, that's not actually the case, and it's questionable if it ever was.  As recently reported on Marketplace, according to research conducted by Pew's Economic Mobility Project:

(the project) has calculated that about 60 percent of Americans whose fathers’ incomes were in the top fifth, stay in the top two-fifths themselves. And the same is true at the bottom. About 65 percent of those from the bottom fifth don't make it past the bottom two-fifths by the time they're adults.

What's this mean?  It means that your economic future looks pretty much the same as your father's was.   Whether you started at the bottom or the top of the economic ladder, you'll probably stay there.  

What could be worse than that?  Another researcher has compared the economic mobility, the ability to change your economic status, of Americans and citizens of other developed countries.  Guess what?   Our belief that we're better off than others in our ability to move up the ladder is unfounded as well

Miles Corak is an economist at the University of Ottawa. He's compared the U.S. to other rich countries, and found that Americans have less mobility across generations than Canada, Australia, and most of Europe.

I find this research very disturbing, both from the standpoint that our children seem to be trapped in whatever economic rung of the ladder that their parents occupy (of course, it's not so much "trapped" if you're nearer the top rung), as well as the realization that the United States, land of opportunity, offers less economic opportunity than most of Europe.

Has our "future" changed or was it an illusion all along?

The More Things Change

The more things change, the more they stay the same.

The older I get, the more often I feel that I'm in some sort of time warp, in which events of today seem to be reflections of events that occurred in my younger days.   In today's topic, the current events mirror some even older events, namely the anti-labor rhetoric and demonizing that led up to the "Haymarket Riot" in Chicago, back in 1886.  Just as it is today, the labor union movement in the 1880s was under attack and made the scapegoat for the nation's economic problems.   The effect of Haymarket and the resultant trials and hangings, was a setback to labor organization and development in this country for decades.   Then, workers were struggling to form unions; now workers are struggling to keep them.  Haymarket became the focus of May Day memorials around the world, but hardly at all in this country.  

All of this is described in detail in a timely article in the Chicago Tribune which can be found here.  We need to ensure that today's workers know what happened in Chicago in 1886 and how it relates to their lives today.   Because it surely does relate to today.

Democracy For All! Except...

The ability of a people to control their own destiny, generally includes the right to band together for mutual support and assistance.   Like forming a union to bargain for employment rights.  Or demanding a dictator leave the country.  The 'crisis du jour' among the Republicants this year seems to be blaming the current economic disaster on the middle class and public employee unions, rather than the riverboat gambler bankers of Wall Street.

So it's interesting to view what's going on in the Middle East side by side with what's going on in a number of States  (Wisconsin, Indiana, Ohio) around this country regarding the efforts to strip collective bargaining rights from public employees.  This effort purports to be for the purpose of needing to "balance the State budget."   In fact, union contracts for public employees have nothing to do with State budget imbalances, which are mostly caused by the current economy and the collapse of tax revenues.

It's ironic that the nation is hand-wringing over the poor demonstrators across the middle East who are oppressed by those nasty dictators, while the democratic process is being defiled around this country by zealots bent on destroying the ability of employees to band together for their benefit and protection.   Hypocritical to say the least.

Cartoon by Clay Bennett of the Chattanooga Times

 

Whose Cookie Is That?

So it's been suggested to me that I should lighten up my blog posts a bit, despite the fact that they my blog was intended to be curmudgeonly from the outset.   However, I will try to lighten things up with....a joke.

A CEO, a Tea Party member, and a union representative sit at a table. 

There is a plate with 12 cookies. 

The CEO takes 11, turns to the Tea Party member, and says, 'Look out! That union guy wants your cookie!'

What?   You're not laughing?  OK, so it's not a major side-splitter, but it is a joke. That's my story and I'm sticking to it.