Hot off the Associated Press news wire 12/15/2011:
Census shows 1 in 2 people are poor or low-income
WASHINGTON (AP) — Squeezed by rising living costs, a record number of Americans — nearly 1 in 2 — have fallen into poverty or are scraping by on earnings that classify them as low income.
The latest census data depict a middle class that’s shrinking as unemployment stays high and the government’s safety net frays. The numbers follow years of stagnating wages for the middle class that have hurt millions.
“Safety net programs such as food stamps and tax credits kept poverty from rising even higher in 2010, but for many low-income families with work-related and medical expenses, they are considered too ‘rich’ to qualify,” said Sheldon Danziger, a University of Michigan public policy professor who specializes in poverty.
“The reality is that prospects for the poor and the near poor are dismal,” he said. “If Congress and the states make further cuts, we can expect the number of poor and low-income families to rise for the next several years.”
Congressional Republicans and Democrats are sparring over legislation that would renew a Social Security payroll tax cut, part of a year-end political showdown over economic priorities that could also trim unemployment benefits, freeze federal pay and reduce entitlement spending.
This isn’t some bullshit political poll. These are data from the United States Census Bureau and this is really happening. As I said in part one of this series, the days of earning $60,000 a year as a tradesman or factory worker with a GED or high school diploma are OVER. America rebuilt the world for 40 years following WWII, by default because of our geographic isolation, and now we must compete with the rest of the planet economically.
I also pointed out in part 1, the average IQ in America is only 100, meaning 50% of the people living in this country are dimwits. Applying common sense, most stupid people are poor and most poor people are stupid. I know, scientific method coupled with statistics can be super un-PC and cruel, but facts is facts. The majority of poor folks are poor because they aren’t smart enough to compete. Kinda like the slow wolf in the wild is easy to spot, that would be the skinny one.
One bright spot, George W. Bush has an estimated IQ of 91, yet he managed to graduate from Yale with a BA in history and go on to Harvard and get an MBA. Albeit, he had a 2.2 GPA at Yale and his Dad bought the MBA for him, still, just because you’re stupid doesn’t always mean you can’t succeed.
And by succeed I mean George W was a Governor and a President. Good for him, I’m sure George Sr. still can’t believe it. It makes total sense to me, stupid people vote for stupid people, one half of our population is stupid, therefore, we got two terms of Bush Jr.
But that’s not what I’m here to rant about…
I want to be crystal clear; the United States Government is not going to enact some silver bullet legislation to save the middle class. No amount of tax cuts, or child care credits, or corporate tax breaks, or stimulus package voodoo is going to stop the inevitable equalization of American income with the rest of the world. Its economics, colleges teach it to most shiny faced freshmen, but apparently no one pays attention in class, too busy smoking chronic, rubbing nasties, and watching Jersey Shore I guess.
Interesting factoid, 75% of all college freshman drop out. Let’s face it; the country needs landscapers and road crew workers too. But in coming years, those “positions” will be offering annual salaries of $25,000, and if you’re making $25,000 a year in America, you are one broke-ass bitch.
Here are some middle class facts:
| Median income levels |
| Households |
Persons, age 25 or older with earnings |
Household income by race |
| All households |
Dual earner
households |
Per household
member |
Males |
Females |
Both sexes |
Asian |
White,
non-hispanic |
Hispanic |
Black |
| $46,326 |
$67,348 |
$23,535 |
$39,403 |
$26,507 |
$32,140 |
$57,518 |
$48,977 |
$34,241 |
$30,134 |
| Median personal income by educational attainment |
| Measure |
Some High School |
High school graduate |
Some college |
Associate’s degree |
Bachelor’s degree or higher |
Bachelor’s degree |
Master’s degree |
Professional degree |
Doctorate degree |
| Persons, age 25+ w/ earnings |
$20,321 |
$26,505 |
$31,054 |
$35,009 |
$49,303 |
$43,143 |
$52,390 |
$82,473 |
$70,853 |
| Male, age 25+ w/ earnings |
$24,192 |
$32,085 |
$39,150 |
$42,382 |
$60,493 |
$52,265 |
$67,123 |
$100,000 |
$78,324 |
| Female, age 25+ w/ earnings |
$15,073 |
$21,117 |
$25,185 |
$29,510 |
$40,483 |
$36,532 |
$45,730 |
$66,055 |
$54,666 |
| Persons, age 25+, employed full-time |
$25,039 |
$31,539 |
$37,135 |
$40,588 |
$56,078 |
$50,944 |
$61,273 |
$100,000 |
$79,401 |
| Household |
$22,718 |
$36,835 |
$45,854 |
$51,970 |
$73,446 |
$68,728 |
$78,541 |
$100,000 |
$96,830 |
| Household income distribution |
| Bottom 10% |
Bottom 20% |
Bottom 25% |
Middle 33% |
Middle 20% |
Top 25% |
Top 20% |
Top 5% |
Top 1.5% |
Top 1% |
| $0 to $10,500 |
$0 to $18,500 |
$0 to $22,500 |
$30,000 to $62,500 |
$35,000 to $55,000 |
$77,500 and up |
$92,000 and up |
$167,000 and up |
$250,000 and up |
$350,000 and up |
| Source: US Census Bureau, 2006; income statistics for the year 2005 |
From the table above it looks like if you go to college and get a real degree, you make twice as much as a dipshit with a hardhat and shovel. I use the term real degree because most liberal arts degrees are as worthless as the paper they are printed on, unless of course you plan on going to grad/ law/medical school.
What do the call a guy with a BA in Anthropology? A bartender.
What do the call a gal with a BA in Sociology? A waitress.
What do you call anyone with a BA in Philosophy? Unemployable.
Remember, schools are businesses run by greedy assholes who want to squeeze as much money per student as possible. They prey on stupid people who take classes just to take classes through the guise of “self-improvement.”
Want to sound smarter and impress your pseudo- intellectual stoner friends with off the wall Nietzsche quotes at your next bake-off? Go the public library and read a fucking book. It’s free and you’ll have the satisfaction of knowing you aren’t helping perpetuate one of the biggest fallacies in America: All college is good regardless of the course of study.
I have a friend who earned a PhD in Medieval Literature, no shit, Medieval Literature. She racked up $60,000 in student loans and makes $32,000 a year working as a research librarian at the same school she did her doctoral work, couldn’t find a job anywhere, go figure. Her rent is $800 a month living with two roommates and she will never own a home or drive anything but a piece of shit.
Why? Because contrary to popular belief… not all college is good. In fact, most of the fields of study at America’s universities will do nothing for you professionally other than put you in debt.
Do you want to know a secret short cut to earning a comfortable middle class salary with job security?
One word: Math.
It’s really that simple. Scientists, engineers, economists, accountants, statisticians… any profession that requires math skill (differential equation level folks, not simple addition and subtraction) pays well, and many only require a bachelor degree. Even math based technical schools that offer two-year associate degrees will get you a much better job than the dipshit with the GED and the hardhat and shovel.
Sadly, folks with double digit IQs aren’t really able to do math. Guys like George W, but without the silver spoon, are destined to mow the lawns of people (in the know) with triple digit IQs, live in trailers, and have many, many children.
The middle class will disappear over the next three decades and the country will be economically divided like the rest of the world, with the top 30% of income earners having 95% of the wealth and the bottom 70% who live in a world of crime and drugs and miserable squalor.
Think Jamaica, except with founding fathers, a fancy constitution, and lots of reality TV programs broadcast in HD.
I know, that’s so mean, but I would prefer my offspring live in the 30% group, and by recognizing this shit is going to happen and nothing can stop it, short of another WWII miracle, it’s my hope my kids and future grandkids listen up and choose the path of applicable education and financial prosperity.
I think Bon Scott put it as well as anyone can, “It ain’t no fun waitin’ round to be a millionaire.”