Declining State

For some further reading, check out this excellent piece from this week's San Diego Reader. Don Bauder examines the local history of union support in San Diego, but goes on to make a greater point about the decline of the middle class in America.

Eye Opening excerpt:
Americans should feel bitter resentment that average people’s wages, adjusted for inflation, have gone nowhere for 20 years, while the richest 1 percent have seen their incomes grow 33 percent over the period. Folks should gnash their teeth that the richest 1 percent rake in 24 percent of total income and the wealthiest 1 percent have more net worth than the bottom 90 percent. The top 15 hedge-fund managers are bringing home an average of $1 billion a year and paying only 17 percent taxes.