Loser For The Angry Middle Class: Article Analysis

An interesting article was published on CNBC’s online news outlet, titled “Two-Percent Growth is a Loser for the Angry Middle Class.” The article talks about the fact that the economy is growing at about two percent and that a recession is not forthcoming, but that middle class wages are continuing to flat-line. The article details many economic issues, such as middle class wages not changing, the low GDP when compared to past years, and what should be done to fix this issue in the United States. GDP and Real GDP are discussed as well, along with the importance of GDP in the economy. According to the article, since the United States crawled out of the recession, the GDP growth has not averaged much more than two percent, with a complete increase of 14.3 percent throughout the twenty-five quarters under Barack Obama (Kudlow, 2016). The article mentions that in previous years, such as between 1950 and 2000, the economy of the United States’ economy grew at an average rate of 3.5 percent, with a huge real GDP gain per individual of $16,000 to more than $50,000 (Kudlow, 2016). If that percentage was two percent, then rather than $50,000 the income would actually only be at

It proposes an interesting suggestion to increase the income for the middle class by introducing corporate tax rates. The article also details the fact that middle class workers have not seen much of a pay raise in the past few years, despite the fact that the economy is at least growing after dealing with such an awful recession. I agree with the facts and suggestions provided in this article. Corporate tax rates can be beneficial to the economy and to middle class workers because it would stimulate economic growth greatly and acts as a middle class tax cut, which can cause the United States economy to increase its GDP