ONLY IN AMERICA DO YOU DECLINE UPWARDS:

The American Dream Goes On (Mortimer Zuckerman, June 13, 2008, US News)

There are 12 percent more households earning in excess of $100,000 than 20 or so years ago. And those making less than $30,000 have not increased. So virtually the entire "decline" of the middle-class group has come from people moving up the income ladder, not down.

Those in the middle, and below, are also living better. As William Robert Fogel, the Nobel Prize-winning economic historian, put it, "In every measure that we have bearing on the standard of living . . . the gains of the lower classes have been far greater than those experienced by the population as a whole." Among the inequalities that have narrowed: The quality of goods at the more moderate price levels has improved faster than at higher price tags; rich and poor are less apart in life expectancy, height, and leisure. It's the attitude of Americans that explains the low combustibility (at the moment!) of income inequality. Most Americans tend to believe that people bear primary responsibility for supporting themselves and that market forces are immune to public policy. There's a reflection here of the optimism and confidence characteristic of American life. In one study by Roland Benabou, more than half of Americans think they will be above the median income in the future (even though that is mathematically impossible). Americans, quite simply, believe that plenty of opportunities exist to get ahead, and, indeed, 82 percent of those born into poverty are much better off than their parents and more than a third of them have made it into the middle class or higher.

Education is another great American success story. There has been a dramatic increase in the percentage of adults completing high school and college. Nearly 90 percent of all adults get high school diplomas today compared with 33 percent in 1947; college graduates have soared from 5.4 percent in 1947 to almost 30 percent today. More than two thirds of Americans concur with the statement that people are rewarded for intelligence and skill—the largest percentage across 27 countries taking part in an international survey of social attitudes. This reflects the widespread belief in the ability to get ahead and helps explain why Americans are more accepting of economic inequality than peoples in other countries and why Americans are less likely to believe their government should take responsibility for reducing income disparity.

As we know, the American Left says this is all because of three decades of conservative governance.

Posted by Orrin Judd at June 14, 2008 11:47 AM