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November 15, 2018

On This Day in 1881
Founding convention of the Federation of Trades and Labor Unions is held in Pittsburgh. It urges enactment of employer liability, compulsory education, uniform apprenticeship and child and convict labor laws. Five years later it changes its name to the American Federation of Labor.
- Union Communication Services


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Does the U.S. Still Have a ‘Middle Class’?
Updated On: Nov 09, 2018
Nov. 5, 2018 | ECONOMY | The question of how to define the middle class is one of the perennial mysteries of American social life. Most people say they’re "middle class," so how can we know what this really means? Every few years some intrepid social scientists venture a new definition. This September, the Brookings economist Richard Reeves and Katherine Guyot argued that the middle class is "the middle 60 percent of households on the income distribution" which represents $37,000-$147,000 for a three-person household. Downplaying the importance of education, they wrote that income is the most useful measure of class because it captures all of the other conditions that make a person middling, including consumption, education, and relative social standing; it is not only how much money individuals take home… The Atlantic
 
 
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