Search This Blog

Showing posts with label America. Show all posts
Showing posts with label America. Show all posts

October 14, 2017

report: US has regressed to developing nation status

  1. Boards
  2. Current Events
  3. report: US has regressed to developing nation status
http://news.mit.edu/2017/america-economy-decline-middle-class-0313
http://www.independent.co.uk/news/world/americas/us-developing-nation-regressing-economy-poverty-donald-trump-mit-economist-peter-temin-a7694726.html

MIT economist Peter Temin says 80 per cent of the population is burdened with debt and anxious about job security 
Peter Temin says the world's’ largest economy has roads and bridges that look more like those in Thailand and Venezuela than those in parts of Europe.

The economist describes a two-track economy with on the one hand 20 per cent of the population that is educated and enjoys good jobs and supportive social networks.

On the other hand, the remaining 80 per cent, he said, are part of the US’ low-wage sector, where the world of possibility has shrunk and people are burdened with debts and anxious about job security.

He found that much of the low-wage sector had little influence over public policy, the high-income sector was keeping wages down to provide cheap labour, social control was used to prevent subsistence workers from challenging existing policies and social mobility was low.

Commenting on Mr Temin’s findings, Lynn Parramore, senior research analyst at the Institute for New Economic Thinking, writes: “Without a robust middle class, America is not only reverting to developing-country status, it is increasingly ripe for serious social turmoil that has not been seen in generations.”

6Y07B7D
Figure 1 - Homeless americans sleeping

20unHde
Figure 2 - American volenteers helping feed the poor

What is it like living in a 2nd world country?
Heineken14 1 week ago#2
You can't make America great again if it isn't first destroyed.

DonnieThinking.jpg
Rage is a hell of an anesthetic.
E32005 1 week ago#3
Zeeak4444 1 week ago#4
Heineken14 posted...
You can't make America great again if it isn't first destroyed.

DonnieThinking.jpg


lol, well, if you're not laughing, you're crying...
Typical gameFAQers are "Complainers that always complain about those who complain about real legitimate complaints."-Joker_X
FLUFFYGERM 1 week ago#5
we better impose more costs on that 20 percent so they too can be poor!

forget home ownership, enjoy your Obamacare premiums instead!!!!!!! LOL!!!!!
tote_all 1 week ago#6
FightingGames posted...
What is it like living in a 2nd world country?


It's fine if you have money and education.
Pokemon Sun / Omega Ruby / Y
Tote | 0791-3850-7706
Zeeak4444 1 week ago#7
FLUFFYGERM posted...
we better impose more costs on that 20 percent so they too can be poor!

forget home ownership, enjoy your Obamacare premiums instead!!!!!!! LOL!!!!!


It's like a 17 year old decided to start discussing politics.
Typical gameFAQers are "Complainers that always complain about those who complain about real legitimate complaints."-Joker_X
(edited 1 week ago)reportquote
FightingGames posted...
Peter Temin says the world's’ largest economy has roads and bridges that look more like those in Thailand and Venezuela than those in parts of Europe.

Simple solution:
Gut entitlement spending, and slash military spending. End the "prevailing wage" laws.
That frees up plenty of money for infrastructure.

The preamble specifically states "common defense" and "general welfare" - not force projection and individual entitlements.
Questionmarktarius posted...
FightingGames posted...
Peter Temin says the world's’ largest economy has roads and bridges that look more like those in Thailand and Venezuela than those in parts of Europe.

Simple solution:
Gut entitlement spending, and slash military spending. End the "prevailing wage" laws.
That frees up plenty of money for infrastructure.

The preamble specifically states "common defense" and "general welfare" - not force projection and individual entitlements.


The preamble was written much earlier than the bill of rights.
ChromaticAngel posted...
The preamble was written much earlier than the bill of rights.

The bill of rights doesn't mention individual direct payments or overseas military bases either.
Capitalism working as intended
FLUFFYGERM 1 week ago#12
Rexdragon125 posted...
Capitalism working as intended


it sure is capitalism's fault people are paying as much for their insurance premiums as they are for their mortgage

definitely not government's fault!

it sure is capitalism's fault people are taking on way too much consumer debt for things they don't nee. definitely not people's fault!
FLUFFYGERM posted...
it sure is capitalism's fault people are paying as much for their insurance premiums as they are for their mortgage

Why do we have premiums in the first place?
fake news
Shenmue II = best game of all time
Shenmue = 2nd best game of all time
USA isn't a country, its a business run by management trying to bleed it dry.
Jake Peralta: World's Grossest Pervert
Wariodorf 1 week ago#16
KiwiTerraRizing posted...
USA isn't a country, its a business run by management trying to bleed it dry.


That...seems like a good metaphor to describe most countries really.
Damn.... That's really messed up 😔
Listen to my story... This... May be our last chance...
Dubstep song of the week http://youtu.be/MmVHWPdI5d0
FLUFFYGERM posted...
we better impose more costs on that 20 percent so they too can be poor!

forget home ownership, enjoy your Obamacare premiums instead!!!!!!! LOL!!!!!

Home ownership was a dream that entirely died in the early 2000s for all except the high middle class and above.

People have rented or lived at home their entire lives in multigenerational homes. The baby boom dream of every family realistically owning their own home was an anomaly, and society is moving to correct it.

Besides, even when you 'own' your home, you always have to pay property taxes and home maintenance costs. You will ALWAYS be paying some asshole to be living where you are.
Welcome to the Brave New World of 1984! Current temp: Fahrenheit 451
It's never a bad day, and always a good night, so BE HAPPY and enjoy your stay!
EyeWontBeFooled posted...
multigenerational homes

...is apparently making a comeback.

Buy an abandoned/forclosed McMansion, and move a bunch of extended family into it.
EyeWontBeFooled posted...
Home ownership was a dream that entirely died in the early 2000s for all except the high middle class and above.


I got a mortgage on a $120,000 house while making $10.50/hr

Wasn't easy though and I regret the inground pool
"All I have is my balls and my word, and I don't break them for anyone!"-Tony Montana
tote_all 1 week ago#23
FLUFFYGERM posted...
it sure is capitalism's fault people are taking on way too much consumer debt for things they don't nee. definitely not people's fault!


It's funny that you think how most people behave under a system is not part of the system.
Pokemon Sun / Omega Ruby / Y
Tote | 0791-3850-7706
Unsugarized_Foo posted...
EyeWontBeFooled posted...
Home ownership was a dream that entirely died in the early 2000s for all except the high middle class and above.


I got a mortgage on a $120,000 house while making $10.50/hr

Wasn't easy though and I regret the inground pool

If you've somehow managed to keep the mortgage payment under $546, that's not so bad.
If you move toward the middle of the country, there are a lot of inexpensive big homes

Not everyone is willing to do that though
Shenmue II = best game of all time
Shenmue = 2nd best game of all time
dodgefan91 1 week ago#26
developing nation definition. A nation where the average income is much lower than in industrial nations, where the economy relies on a few export crops, and where farming is conducted by primitive methods. In many developing nations, rapid population growth threatens the supply of food.


How in the world does the US fit that definition?

We don't export as much as we used to but we have a very wide variety of exports and still export more than most other countries on the planet. Our agriculture techniques are far from primitive and a rapid population boom would in no way threaten our food supply.
(edited 1 week ago)reportquote
#27
(message deleted)
dodgefan91 posted...
How in the world does the US fit that definition?


It's a narrative
Shenmue II = best game of all time
Shenmue = 2nd best game of all time
ForestLogic 1 week ago#29
So just End the Fed then.
AKA Level 36 ForestWanderer / ObjectiveLogic
http://www.poorcouplesfoodguide.com - Pizza Time!
(edited 1 week ago)reportquote
HBOSS 1 week ago#30
Ouch.

cant wait to see what our politicians do to remedy this.
You don't stop playing because you grow old, 
You grow old because you stop playing
Tmaster148 1 week ago#31
HBOSS posted...
Ouch.

cant wait to see what our politicians do to remedy this.


Cash out and let everything burn.

They won't care as long as they get their paychecks from the lobbyist.
Makes Americans making fun of Japan all the funnier. At least they're still in developed county territory
Wherethisfeom posted...
Makes Americans making fun of Japan all the funnier. At least they're still in developed county territory

Developing countries can still make fun of developed countries. China used to make fun of the US and various EU countries all the time.
Grass Hurricane Master
Tmaster148 posted...
HBOSS posted...
Ouch.

cant wait to see what our politicians do to remedy this.


Cash out and let everything burn.

They won't care as long as they get their paychecks from the lobbyist.

Surely we need another stimulus to get the economy going? Shouldn't that have trickled down by now? Turns out it was the biggest transfer of wealth in history from the poor and middle class to the rich. Whoops.
HBOSS posted...
Ouch.

cant wait to see what our politicians do to remedy this.

Give themselves more money.
When a girl has sex with a bunch of guys, they call her a slut, but when a guy does it, they call him gay. ~ Antifar
KILBOTz 1 week ago#36
I feel like 90% of this is stuff that @Darkman124 and I have talked about in the past. I read that to mean that we are as smart as MIT professors.

Honestly this is the stuff that keeps me up at night. I am in the top income quintile, am educated and kind of sort of in the FTE industry (manufacturing but with a company that spends tons on cutting edge technology development, though not for stuff at the consumer level).

I support mass unionization and to a certain extent, protectionism. But I also think we need to support globalism to an extent to not be left behind. Basically capitalism/socialism, worker rights/employer rights, protectionism/globalism are all on a spectrum which we always think in black and white but need to find places in the middle that actually benefit the most Americans. I think income and wealth disparity is the major driver in all divisiveness today.
Balrog0 1 week ago#37
KILBOTz posted...
I feel like 90% of this is stuff that @Darkman124 and I have talked about in the past. I read that to mean that we are as smart as MIT professors. 


it's not some new idea or anything

this isn't even the first or second prominent book about it released this year lol

edit -- it actually could be the second one, I didn't realize this was months old already
He would make his mark, if not on this tree, then on that wall; if not with teeth and claws, then with penknife and razor.
(edited 1 week ago)reportquote
KILBOTz 1 week ago#38
Balrog0 posted...
KILBOTz posted...
I feel like 90% of this is stuff that @Darkman124 and I have talked about in the past. I read that to mean that we are as smart as MIT professors. 


it's not some new idea or anything

this isn't even the first or second prominent book about it released this year lol

edit -- it actually could be the second one, I didn't realize this was months old already


I know. I just wanted to say I am as smart as an MIT professor. Let me have my moment.
Darkman124 1 week ago#39
are you quoting me repeatedly to get my hot take

because you already know it :P
And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not.
Callixtus 1 week ago#40
I love how they always refer to "parts of Europe" because if they actually compared to Europe as a whole they'd have to deal with shitty countries like Greece or Ukraine.

Speaking of Europe, if the US is so bad why is unemployment in the likes of Italy, France, or Spain double or even triple our rate?
It will be more bearable for Tyre and Sidon on the day of judgment than for you. | I did not come to bring peace to the earth, but the sword.
-Jesus
(edited 1 week ago)reportquote
courier_nv 1 week ago#41
KILBOTz posted...
Balrog0 posted...
KILBOTz posted...
I feel like 90% of this is stuff that @Darkman124 and I have talked about in the past. I read that to mean that we are as smart as MIT professors. 


it's not some new idea or anything

this isn't even the first or second prominent book about it released this year lol

edit -- it actually could be the second one, I didn't realize this was months old already


I know. I just wanted to say I am as smart as an MIT professor. Let me have my moment.

but how can you be as smart as an MIT professor if you can't figure out you soiled yourself
KILBOTz 1 week ago#42
courier_nv posted...
but how can you be as smart as an MIT professor if you can't figure out you soiled yourself


What makes you think that MIT professors don't regularly soil themselves?
(edited 1 week ago)reportquote
KILBOTz 1 week ago#43
Darkman124 posted...
are you quoting me repeatedly to get my hot take

because you already know it :P


mostly just to harass you.
NadYobWoc 1 week ago#44
Zeeak4444 posted...
FLUFFYGERM posted...
we better impose more costs on that 20 percent so they too can be poor!

forget home ownership, enjoy your Obamacare premiums instead!!!!!!! LOL!!!!!


It's like a 17 year old decided to start discussing politics.

Hey man, I wasn't that dumb at 17
Cowboy Dan's a major player in the cowboy scene
Your government's military budget is $700 billion now? If they actually cared about you they would stop bombing brown people in the middle east for their oil and solve poverty in the US with some of that money.
Unsugarized_Foo posted...
EyeWontBeFooled posted...
Home ownership was a dream that entirely died in the early 2000s for all except the high middle class and above.


I got a mortgage on a $120,000 house while making $10.50/hr

Wasn't easy though and I regret the inground pool

Try doing the same thing living anywhere in Canada. Not gonna fly.
Welcome to the Brave New World of 1984! Current temp: Fahrenheit 451
It's never a bad day, and always a good night, so BE HAPPY and enjoy your stay!
#47
(message deleted)
TomNook20 5 days ago#48
That's not a report, it's just a clickbait headline taken from a book he wrote. The articles linked have absolutely no content whatsoever.
CADE FOSTER 5 days ago#49
Bat178 5 days ago#50
At least Canada is still a 1st World/Developed Country.
Awww, isn't that cute? He thinks he can beat me!
  1. Boards
  2. Current Events
  3. report: US has regressed to developing nation status
    1. Boards
    2. Current Events
    3. report: US has regressed to developing nation status
    Bio1590 5 days ago#51
    Zeeak4444 posted...
    FLUFFYGERM posted...
    we better impose more costs on that 20 percent so they too can be poor!

    forget home ownership, enjoy your Obamacare premiums instead!!!!!!! LOL!!!!!


    It's like a 17 year old decided to start discussing politics.

    Sometimes you’d swear that account was Proudclad, other times...lol
    #52
    (message deleted)
    BettyB0op08 2 days ago#53
    We've fallen so hard
    Bat178 posted...
    At least Canada is still a 1st World/Developed Country.

    ...within 90 miles of so (about 150km) of the US border.
    Obama is sitting on an island with a smug look

    "Mission accomplished"
    Tell me the story about how people used to believe in the Bible - Future kid to their grandparents
    mortimerjames posted...
    Obama is sitting on an island with a smug look

    "Mission accomplished"

    ...he moved back to Hawaii?
    DelianSK 2 days ago#57
    Does this mean we can stop giving money to countless developing nations since we are one?
    DawkinsNumber4 posted... I have no right to object to a public citizen in the US exercising their right to attend a court proceeding.
    TomNook20 posted...
    That's not a report, it's just a clickbait headline taken from a book he wrote. The articles linked have absolutely no content whatsoever.

    That's the impression I'm getting.
    The most relaxing version of Aquatic Ambiance I've ever heard:
    http://www.youtube.com/watch?v=bl61y1XM7sM
    Questionmarktarius posted...
    mortimerjames posted...
    Obama is sitting on an island with a smug look

    "Mission accomplished"

    ...he moved back to Hawaii?

    did you not see him buying carribean islands a few months ago?
    Tell me the story about how people used to believe in the Bible - Future kid to their grandparents
    #60
    (message deleted)
    P4wn4g3 13 hours ago#61
    Hm. I guess it makes sense. But going to have to agree with the clickbait thing. Unfortunately the wealthy being cheap-asses hits home far too often than not. Also seems like when they are doing this they are invested in something that will be a loss for them. Unfortunately the upper class in this country is incompetent as all hell.

    I've been tempted to move out of the country but I'm not entirely sure where I'd want to move. Probably a more socialist centered country. And one that can properly manage it's problems.
    Hive Mind of Dark Aether, the unofficial Metroid Social Private board.
    https://www.gamefaqs.com/boards/851-dark-aether
    LolTownz 13 hours ago#62
    P4wn4g3 posted...

    I've been tempted to move out of the country but I'm not entirely sure where I'd want to move. Probably a more socialist centered country. And one that can properly manage it's problems.


    such as?
    P4wn4g3 13 hours ago#63
    I've considered Iceland and Switzerland before. Iceland is extremely small though and bilingual. Switzerland from what I remember has some political issues, as do a few European countries, specifically with their neighbors in the middle East and in Russia. Australia has a weird government from what I remember, and they get strange laws sometimes that benefit nobody. New Zealand is nice but it's also very small and remote even in comparison to Iceland.

    So I'm not entirely sure.
    Hive Mind of Dark Aether, the unofficial Metroid Social Private board.
    https://www.gamefaqs.com/boards/851-dark-aether
    anth0ny 13 hours ago#64
    I'm not listening to a word of this until Fox News confirms
    moo
    Dark_SilverX 13 hours ago#65
    Making America great again
    cuckle doodle dooo!!!
    CrazyandLazy 13 hours ago#66
    FightingGames posted...
    20unHde


    I like how the volunteer has a choker. lol
    badasstion 13 hours ago#67
    *GASP!!!!* Liberals spewing liberal bullshit hysteria and whatever they can to try to turn people against the president cuz they're super butthurt that they lost and are in full tantrum mode?!??! *has heart attack from pure shock and surprise*

    Lmao
    CADE FOSTER 13 hours ago#68
    CrazyandLazy posted...
    FightingGames posted...
    20unHde


    I like how the volunteer has a choker. lol

    lol
    1. Boards
    2. Current Events 
    3. report: US has regressed to developing nation status