There's only one America, not two...
As economist Arnold Kling noted in his article today at Tech Central Station, the middle class hasn't disappeared (as the class-warfare-provoking liberals would lead you to believe), but rather, it's the lower class that has diminished. This table shows the percentage of households lacking basic necessities during two time periods:
| Item | % Lacking in 1970 | % Lacking in 2001 |
| telephone | 13.0 | 2.4 |
| complete plumbing | 6.9 | 0.6 |
| refrigator | 17.0 | 0.1 |
| stove | 13.0 | 0.3 |
| color television | 66.0 | 1.1 |
| vehicle | 20.4 | 10.3 |
Posted at Andrew Roth at 11:57 AM | Comments (0)
