[Pen-l] Fwd: [SWT] Why isn't a cut in hours w/o cut in pay a more popular demand?

[Eugene Coyle]

A general ignorance of the distribution of income in the USA is part of why a demand for a cut in hours without a cust in pay is not near the top of the discourse about economic reform   This NY Times blog post reports on the general ignorance. Gene Coyle April 27, 2011, 9:30 AM Everyone Is ‘Middle Class,’ Right? By CATHERINE RAMPELL I’ve been complaining lately about how how surprisingly little Americans know about income distribution and their own place within it. Americans all seem to think they’re “middle class,” even those in the top 5 percent of all earners. As a result they frequently misunderstand what political mantras like “let’s tax the rich” really mean. But it turns out such income ignorance is not confined to Americans. A new working paper by Guillermo Cruces, Ricardo Pérez Truglia and Martín Tetaz finds that Argentinians also all believe themselves to be middle class, whatever their actual standing relative to their countrymen. <snip> Full at: file:///Users/eugenecoyle/Desktop/Everyone%20Is%20'Middle%20Class,'%20Right%3F%20-%20NYTimes.com.html

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