America's sinking middle class
Photo credit: AFP Cars are parked along a street of a middle class neighborhood in the Brooklyn borough of New York City In some respects, 1988 has the feel of an alien, distant era. There was no such thing as the World Wide Web then. The Soviet Union was still around; the Berlin Wall still standing. Americans elected a Republican president who would raise taxes to help tame the budget deficit. On Tuesday, however, the Census Bureau reminded me how for most Americans 1988 still looks a lot like yesterday: Last year, the typical household made $51,017, roughly the same as In some respects, 1988 has the feel of an alien, distant era. There was no such thing as the World Wide Web then. The Soviet Union was still around; the Berlin Wall still standing. Americans elected a Republican president who would raise taxes to help tame the budget deficit. On Tuesday, however, the Census Bureau reminded me how for most Americans 1988 still looks a lot like yesterday: Last ...