In 1970s but historically very high levels of inequality. Do you agree with that . We can get into measuring nontaxable incomes or health care or pensions and Social Security which have a big impact, a bigger impact than people realized, smaller families, twocareer families and things like that. Lots of households that arent working whether they retired or other reasons, but those things do affect it. Do i think we pass through an era where innovation has been strong like it was back when we were inventing electricity and cars and industrializing the economy and i think some fortunes have been made as a result and perhaps we are not at that level but the nature of the investments have changed because you went from a capital intensive economy that required a lot of investors and savings so they had to share to an Economy Today where it says innovationeconomic and we can go on a long list. And so they can scale without really having to share their value of their innovation. Thats allowed
In 1970s but historically very high levels of inequality. Do you agree with that . We can get into measuring nontaxable incomes or health care or pensions and Social Security which have a big impact, a bigger impact than people realized, smaller families, twocareer families and things like that. Lots of households that arent working whether they retired or other reasons, but those things do affect it. Do i think we pass through an era where innovation has been strong like it was back when we were inventing electricity and cars and industrializing the economy and i think some fortunes have been made as a result and perhaps we are not at that level but the nature of the investments have changed because you went from a capital intensive economy that required a lot of investors and savings so they had to share to an Economy Today where it says innovationeconomic and we can go on a long list. And so they can scale without really having to share their value of their innovation. Thats allowed
In 1970s but historically very high levels of inequality. Do you agree with that . We can get into measuring nontaxable incomes or health care or pensions and Social Security which have a big impact, a bigger impact than people realized, smaller families, twocareer families and things like that. Lots of households that arent working whether they retired or other reasons, but those things do affect it. Do i think we pass through an era where innovation has been strong like it was back when we were inventing electricity and cars and industrializing the economy and i think some fortunes have been made as a result and perhaps we are not at that level but the nature of the investments have changed because you went from a capital intensive economy that required a lot of investors and savings so they had to share to an Economy Today where it says innovationeconomic and we can go on a long list. And so they can scale without really having to share their value of their innovation. Thats allowed
Income. The numbers are on the screen. We will get your thoughts in just a minute. Your best ideas for growing the middleclass. We want to hear from you. Joining us on the phone is Jim Tankersley of the Washington Post cap how is the little class to find . Of the Washington Post. How is the middleclass defined . Guest i think most of us think of that typical family or household. When we talk about Median Income or median wealth, that is what we mean. What is that right there in the middle. Host does that change based on where you live . Guest it does but when you think about it nationally ok, the Median Income is a little over 50,000 a year. And that is about what it was in 1989. When theyre thinking about the middleclass nationally, we think of a it really has not gotten better in terms of income in a quartercentury. Host talk about how the middleclass is doing not just with income, but other parts of their pocketbook. Are there costs for them . Guest it has been a really tough couple
Kpix 5s ryan takeo at Lincoln High School where the father of the teen is expected to speak. Reporter hi, allen. Thats right. He is spoking thousand. Now. His son is a junior. The father is speaking through an interpreter. That is this is the first time he has talked publicly since the crash. His wife and daughter were also injured in that crash. Today, we learned more about the accused driver at fault. This 58yearold is now out of jail. San Francisco Police arrested and booked her on a vehicular manslaughter charge and two other traffic violations. A judge set her bond at just more than 300,000, and she made bail. A background check we did shows she has an otherwise clear record. Police say she hit three other vehicles after speeding in and out of traffic. A 16yearold teen died in the crash. There has been a memorial growing at the site. We went by the suspects house today. We left a business card. It was gone hen we returned later, but no once ad the door. I was shocked. Neighbors sa