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Essay / Research Paper Abstract
A 6 page paper. We not only hear about it, we feel it - the middle class is vanishing. The essay begins by justifying the fact that the middle class is disappearing. The writer discusses different issues: the effects of NAFTA, the effects of outsourcing and the effects of immigration. Statistical data included. Bibliography lists 7 sources.
Page Count:
6 pages (~225 words per page)
File: MM12_PGmdclds.rtf
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Unformatted sample text from the term paper:
Steel, a professor at a business school commented that the middle class is getting poorer (Sasvari D1 Front). He went on to say" "Ultimately, what were going to see is
wealth distribution like you used to see in the Victorian era, where you had a small elite and the rest served them" (Sasvari 2006, p. D1 Front). There was no
middle class until the Industrial Revolution and we are getting closer to that condition every year (Sasvari D1 Front). The data support this conclusion. Between the years 1979
and 1997, the income for the richest one percent of Americans soared by 157 percent (Sasvari D1 Front). However, for those classified as the middle class, it increased a bare
10 percent (Sasvari D1 Front). In terms of buying power, the income for the middle class declined over those years (Sasvari D1 Front). This is the major reason so many
families needed both parents to work to survive (Sasvari D1 Front). In fact, two average salaries werent even enough (Sasvari D1 Front). Nash (2006) explains that in the 1950s and
1960s, "a factory foreman or insurance salesman . . . . could afford to live in a neighborhood with good schools . . . send his kids to college without
getting into debt, and he could look forward to a secure and comfortable retirement" (p. D8). That is no longer true, only the wealthy can do that today (Nash D8).
There are many reasons for this state of affairs for the middle class. Real wages, meaning in terms of buying power as compared to several years ago, have actually declined
(Sasvari D1 Front). At the same time, all expenses have risen - housing, health care, groceries, fuel, education, and everything else so they do not have the same proportion of
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