(therealUT @ May 1 said:
You missed the point of my question.
There is no way to tell, because you know nothing else (i.e. cost of living.) The point I was intending to make is that when you force business to abide by a minimum wage, you do not benefit anyone, unless the government controls the prices.
Now, aside from my original point, your lower middle class earns $15-$30/hr? Or, anywhere between $42,000 and $83,000 annually? That is your lower middle class??? If that is the case, then I do not believe that their hopes are fading at all!
The availability of those jobs are shrinking because of illegal workers.
It can't be that hard to understand that if you can pay factory workers 5 or 6 dollars per hour as oppposed to paying a reasonable, union type of wage,
that those who once were making 15-30 dollars per hour are shrinking.
In today's economy, the upper middle class begins, believe it or not, at around 75K per year.
A family of 3 earning that can beconsidered on the low end of the upper middle class spectrum.
I don't know what you earn, or where you consider yourself class wise, but those earning marginally less than 75K are in the upper-lower middle class.
It's been some time since I've studied economics, but as a guess I'd put the classes, based on a family of 3:
14,000 and below -below the poverty level
14,000 to 21, 000 lower class
21,000 to 37,000 lower middle class
37,000 to 53,000 middle class
53,000 to 75,000 upper middle class
75,000 to 100,000 elite middle class
100,000 and beyond would cover the several segments of upper class.
With the illegal problem as it is, the lower class and the lower middle classes will both suffer greatly.
It's just a simple principle of economics.