Robert Reich's Confirmation of the "Inverted Bell Cuve"

I just came across this interesting blog entry from Robert Reich, who was always my most favorite cabinet member of former president Bill Clinton. In the post, he seems to confirm what I had posted about a while ago about the declining middle class causing an Inverted Bell Curve, for he writes:

According to new polls, the economy is the number 1 issue for American voters. But that's not just because the economy is slowing and mortgages are harder to come by. The real reason is middle-class families have exhausted the coping mechanisms they've used for over three decades to get by on median wages that are barely higher than they were in 1970, adjusted for inflation. Male wages today are actually lower than they were then; the income of a young man in his 30s is now 12 percent below that of a man his age three decades ago...

The fact is, most Americans are still not prospering in the high-tech, global economy that emerged three decades ago. Almost all the benefits of economic growth since then have gone to a relatively small number of people at the very top.

Funny how we kept talking about how the information super highway and blossoming high-tech industries were going to increase worker productivity, which increased productivity so much in fact, that it seems to have put them right out of work!

It has been quite some time since America has undergone a major revolution, and by that I mean such events such as gaining independence from England during the 18th century, the emancipation of African-American slaves, or the expansive social reforms instituted by FDR during the Great Depression, but as more and more of the middle class gets squeezed out and the curve keeps dipping downward, it will sling back up very hard before breaking and that's when a revolution can occur. It always seems to work that way.