Brazilification
Brazilification was a word coined by author Douglas Coupland in Generation X. It represents the widening gulf between the rich and the poor and the accompanying disappearance of the middle classes. This is what is happening in the United States according to this article.
ALBANY, N.Y. Jan 27, 2006 — The disparity between rich and poor is growing in America as the federal minimum wage has remained flat for years, union membership has declined and industries have faced global competition, according to a study released Thursday.
The report by the Center on Budget and Policy Priorities and the Economic Policy Institute, both liberal-leaning think tanks, found the incomes of the poorest 20 percent of families nationally grew by an average of $2,660, or 19 percent, over the past 20 years. Meanwhile, the incomes of the richest fifth of families grew by $45,100, or nearly 59 percent, the study by the Washington-based groups said.
Here are the the Economic Policy Institute results for Indiana.
ALBANY, N.Y. Jan 27, 2006 — The disparity between rich and poor is growing in America as the federal minimum wage has remained flat for years, union membership has declined and industries have faced global competition, according to a study released Thursday.
The report by the Center on Budget and Policy Priorities and the Economic Policy Institute, both liberal-leaning think tanks, found the incomes of the poorest 20 percent of families nationally grew by an average of $2,660, or 19 percent, over the past 20 years. Meanwhile, the incomes of the richest fifth of families grew by $45,100, or nearly 59 percent, the study by the Washington-based groups said.
Here are the the Economic Policy Institute results for Indiana.
posted by torporindy at 1/27/2006
2 Comments:
I love Coupland.
Yeah, several years ago a friend and I came up with an idea for a book or screenplay where we kidnapped Douglas Coupland and tortured him by making him listen to his all of his neologisms and labels that he put on "generation x".
We never finished or developed it further of course and that idea has kind of since been done with other celebrities.
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