Saturday, April 22, 2017
New Book: America is Increasingly a Third World Nation
By A Texas Reader
In his new book, “The Vanishing Middle Class," Peter Temin, professor emeritus of economics at Massachusetts Institute of Technology, warns that the US is moving backward and becoming more like a developing nation, as the “the vanishing middle class has ...
US regressing into a developing nation for most people, MIT professor warns
Growing income inequality is turning the US into a dual economy, with one economy for the rich and another for the poor, according to an MIT professor, who warns that the middle class is vanishing.
ATR: Anecdotal evidence tells me that the MIT professor is correct.
Billboards dot the route I take on my daily commute to the upper-middle income suburb of Coppell.
Two of the billboards talk about hunger in America. Apparently, 1 out of 6 children go to bed hungry every day, according to the one billboard. The other board asks for donations to the North Texas Food Bank, an organization that was all but unknown five years ago.
And I see more and more homeless in North Dallas, a middle-income to upper-income area of Dallas.