The problem with America’s upper-middle class and meritocracy
vox.com
vox.com
The relative difference between the middle class and the upper middle class is miniscule compared to the difference between the 1% and the 0.1%.
Want to have cheap healthcare? You can't have that with doctors earning 400K and nurses earning 120K. It's impossible. But you can have that with a few billionaires.
Want affordable university education? You can't have that with universities that have 3 non-academic full time staff for every full time professor. It's impossible. But you can have that with a few billionaires.
Want a genuine left party in the US? The professional classes are what co-opted the progressive movement, not billionaires.
Who does outsourcing benefit? Primarily managers and business process outsourcers. They are the ones driving outsourcing, as it creates a swollen professional class and the blue collar workers they manage are viewed as cogs. This is also why there is the rise of culture wars as the professionals need a justification to let them sleep at night as they screw the domestic working class, and that justification is that the working class people deserve to be screwed because they don't support trans rights or some other niche cause that serves as a moral differentiator between the urban professional classes and the working class.
Tired of the Administrative state? That's not happening because of billionaires, it's happening because the professional classes have extracted all that the market will allow, and now need to extract even more, using the power of the state to increase their control over society and extract more resources from it.
I recommend reading Listen, Liberal: Or, What Ever Happened to the Party of the People? by Thomas Frank. He has some choice words for the professional class, and a good history of their ascendancy.
There are approximately one million physicians earning an average income of about $300k. That accounts for approximately 7% of $3.8 trillion spent on healthcare.
Another way to look at it. The total assets of individuals earning over $540k increased by over 30% from $27.58T to $36.23T from 2020q2 to 2021q2. That is, the net worth of just the 1% of highest earners in the country increased by an amount equivalent to 28 years of physicians' salaries in a single year.
Political discourse on the distribution of wealth in the US does seem intent on convincing people who make a few hundred thousand dollars that they feel economic stress because they are propping up the truly destitute, and convincing the destitute that they feel economic stress because professionals are making $300k or $400k. Actual data relating to the percentage share of wealth in the United States[1] spanning 1989q3 to 2021q2 by income percentiles show that people in the 60th up to the 99th percentiles have hardly changed their percentage ownership of assets in the country, but everyone below the 60th percentile in income has lost ground, and that wealth ownership has been almost exclusively been acquired by those in the top percentile.
80-99th: 43.6 -> 43.6
60-80th: 16.7 -> 15.4
40-60th: 12.3 -> 7.2
20-40th: 7.4 -> 4.0
0-20th: 2.9 -> 2.7
99-100 : 17.2 -> 27.0
Note that these data begin in 1989, which was already the first year in the post-WWII period that the gini ratio exceeded 0.4 following economic policies intended to shift wealth away from lower earners (it is 0.458 in 2020, and was most equitable in 1968 at 0.348). (Table F-4 [2])[1] https://www.federalreserve.gov/releases/z1/dataviz/dfa/distr...
[2] https://www.census.gov/data/tables/time-series/demo/income-p...
The class position of the 0.1% (Vanderbilt heirs, Mars heirs, Koch heirs etc.) matters, but they themselves don't matter much. The bulk of the population are unskilled or semi-skilled labor, and ~10% of the population are in the professional-managerial class.
The efforts and ideology of a highly trained, highly educated, somewhat meritocraticaly placed vanguard matters, they are an existing social force, whereas the 0.1% is totally dependent on others for their position.
Maybe that's just me...
And then there's the claim that the so-called 9.9% "lack imagination." This seems disconnected from reality because I think one of the biggest job requirements these days is imagination and adaptability.
Sort of. The article is about unhappiness in the society - including hard working child carers. It's not the reason for the problem, but it's a symptom.
> This seems disconnected from reality because I think one of the biggest job requirements these days is imagination and adaptability.
A person can be very imaginative at his or her work and took for granted some over-simplified models, like "unproven vaccines cause autism". Similarly, here imagination is needed to see the bigger picture.
https://slate.com/business/2018/05/forget-the-atlantics-9-9-...
It takes money to fulfill your potential and be able to participate in meritocracy which by definition reward people according to their merit.
If you can't even fulfill your merit, like a huge part of the world, youre not really in a meritocracy.
For most people instead of meritocracy, it's take what limited opportunities you have in your life and use those to eke out whatever success you can.
Some few average people get lucky.
But far more rich 'get lucky' by virtue of their resources.
Meritocracy is just marketing.