A Quote by James Altucher

Technology, outsourcing, a growing temp staffing industry, productivity efficiencies, have all replaced the middle class. — © James Altucher
Technology, outsourcing, a growing temp staffing industry, productivity efficiencies, have all replaced the middle class.
For 40 years, the American middle class has been disappearing. Millions of people are working longer hours for lower wages despite a huge increase in technology and productivity. And what we have seen during that period is a massive transfer of trillions of dollars from the middle class to the top one-tenth of 1 percent of America
Shipping middle-class jobs to China, or hollowing them out with machines, is a win for smart managers and their shareholders. We call the result higher productivity. But, looked at through the lens of middle-class jobs, it is a loss.
Robots are the new middle class. And everyone else will either be an entrepreneur or a temp staffer.
The beauty of not growing up middle class is that you don't think like the middle class. You don't have anything to protect, you know what I mean?
I felt like the luckiest kid in the world. And I was. I was growing up middle-class in a time when growing up middle-class in America meant there would be jobs for my parents, good schools for me to prepare myself for a career, and, if I worked hard and played by the rules, a chance for me to do anything I wanted.
We don`t have a manufacturing base. We don`t have a middle-class jobs growing at all. All we have is a few rich people and a service industry to service them.
What is the deepest passion for me and for us is the historic investment in the middle class and in - as I say often because I was that guy growing up - the dreams of those who look up who want to get into the middle class. That I feel the strongest about.
I was not from a middle-class family at all. I did not have middle-class possessions and what have you. But I had middle-class parents who gave me what was needed to survive in society.
The government decides to try to increase the middle class by subsidizing things that middle class people have: If middle-class people go to college and own homes, then surely if more people go to college and own homes, we’ll have more middle-class people. But homeownership and college aren’t causes of middle-class status, they’re markers for possessing the kinds of traits — self-discipline, the ability to defer gratification, etc. — that let you enter, and stay, in the middle class. Subsidizing the markers doesn’t produce the traits; if anything, it undermines them.
There are three social classes in America: upper middle class, middle class, and lower middle class.
Growing our economy means allowing individuals, and particularly those in the middle class, to be able to keep more of their money. It also means that people in the middle class and modest incomes to be able to pay for their retirement, to get a down payment for a home, to send a child to college.
We are the ones looking out for the middle class. Who do think pays for the endless expansion of government? Its middle class taxpayers. Our reforms protect middle class taxpayers.
Wes Clark put forward a middle-class tax plan, but it only helps a quarter of middle-class families, none without minor children at home. And mine helps 98 percent of the middle class.
When a technology is replaced by another technology, the previous technology either becomes art or it dies.
I love efficiencies and I love solving big problems, and I love working with people who create efficiencies. I love creating efficiencies in my own life on a day-to-day basis.
The Trump administration's economic agenda is the right agenda. Corporate taxes have been driving capital and brains and companies overseas for a decade. It has caused huge damage in investment and jobs and productivity. It was a mistake. We have to fix it. Counterintuitively, that usually helps middle-class wages, and lower-class wages, and job formation.
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