I think this definitely does to some extent. Both of their supports appears to come from economic frustration. They even agree on why it happened sometimes. Both blame trade deals for hollowing out the middle class leading to their poor economics situation. Where they differ is that Bernie supporters point to a corrupt establishment system and an exploitative wealthy class, while Trump supporters also blame immigration and cheap labor in the country.
I would be more interested to see income mobility over time. The people making $10,100 in 1967 are not the same people making $12,300 in 2014 etc etc. Would be more interesting to see how the same families earn over a specific period of time.
This graph definitely shows how the economic gap between classes has been widened for last few decades. This graph is really amazing how income of middle class have not changed much, while that of top class have increased almost for twice.
The graph above represents America's current discontent, inequality. The fact that this economic and social inequality has been growing bigger and bigger is the reality. Increased inequality is one of major problems and made America less cohesive. Neither Republicans nor Democrats have not done much to fix it. I wonder whether both Trump and Sanders have practical solutions or just empty promises.
I definitely think this is a contributing factor in this election. The widening income inequality has left us with a crippled middle class and a lot of discontent among voters. People are fed up with the status quo politicians and are looking for someone like Trump or Sanders to shake things up, because the current system isn't working for them.
I think this definitely does to some extent. Both of their supports appears to come from economic frustration. They even agree on why it happened sometimes. Both blame trade deals for hollowing out the middle class leading to their poor economics situation. Where they differ is that Bernie supporters point to a corrupt establishment system and an exploitative wealthy class, while Trump supporters also blame immigration and cheap labor in the country.
ReplyDeleteI would be more interested to see income mobility over time. The people making $10,100 in 1967 are not the same people making $12,300 in 2014 etc etc. Would be more interesting to see how the same families earn over a specific period of time.
ReplyDeleteThis graph definitely shows how the economic gap between classes has been widened for last few decades. This graph is really amazing how income of middle class have not changed much, while that of top class have increased almost for twice.
ReplyDeleteThe graph above represents America's current discontent, inequality. The fact that this economic and social inequality has been growing bigger and bigger is the reality. Increased inequality is one of major problems and made America less cohesive. Neither Republicans nor Democrats have not done much to fix it. I wonder whether both Trump and Sanders have practical solutions or just empty promises.
ReplyDeleteI definitely think this is a contributing factor in this election. The widening income inequality has left us with a crippled middle class and a lot of discontent among voters. People are fed up with the status quo politicians and are looking for someone like Trump or Sanders to shake things up, because the current system isn't working for them.
ReplyDelete