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America's middle class families aren't the only ones having a tough time these days.Middle-income households are disappearing in developed countries around the world, according to a new report by the Organisation for Economic Co-operation and Development.The study, titled "Under Pressure: The Squeezed Middle Class," laid out a litany of problems affecting middle-income households. And it warned that this could have serious consequences for nations' economic growth and social fabric."Today the middle class looks increasingly like a boat in rocky waters," said OECD Secretary-General Angel Gurría. "Governments must listen to people's concerns and protect and promote middle-class living standards."The middle class has been under stress for years, helping fuel the rise of progressive Democrats in the United States, who are seeking to increase taxes on the rich to provide a stronger safety net — including universal health care. But while many presidential candidates point to Europe as a model, the OECD report shows that problems exist there too.The share of people in middle-income households in developed countries fell from 64% in the mid-1980s to only 61% by the mid-2010s. However the declines were larger in several countries, including the United States, Israel, Germany, Canada, Finland and Sweden.In the United States, just over 50% of the population is middle class, much smaller than most other developed countries.The report considers households earning between 75% and 200% of the median national income as middle class.Higher costs, less incomeRising income inequality is part of the reason for the trend. Over the past 30 years, median incomes in OECD countries increased a third less than the average income of the richest 10%, the report found.At the same time, costs are going up faster than inflation in the world's richest economies — making it harder for the middle class to keep up. Home prices, in particular, have been growing more than a third faster than median household income in recent decades. The middle class spent 32% of their budgets on housing in 2015, compared to 25% in 1985.More than one in five middle-income households spend more than they earn.The middle class has also been losing economic clout in OECD countries, which could ripple through societies. The total income of this group was about four times that of upper-income households in 1985. Thirty years later, the ratio fell to less than three."The investment of the middle class in education, health, and housing, their support for good quality public services, their intolerance of corruption, and their trust in others and in democratic institutions, are the very foundations of inclusive growth," the report said.Millennials struggle to make itYounger people are having a harder time achieving middle class status than those in previous generations. Being middle class once meant living in a comfortable house and affording a rewarding lifestyle, thanks to a stable job with career opportunities, the report said. It was also a basis from which families aspired to an even better future for their children.Close to 70% of the baby boomers were part of the middle class when they were in their 20s, compared to nearly 64% of Gen X but only 60% of millennials. Baby boomers also enjoyed more stable jobs during their working life than younger generations.Job insecurity is on the rise as labor markets transform amid increasing globalization and technological use. One in six current middle-income jobs face high risk of automation."These trends paint an uncertain picture for workers with middle incomes, in particular, those with low-medium skills in routine jobs," the report said.The OECD offers some suggestions for addressing the middle class squeeze, many of which match the talking points of progressive US candidates. They include lowering taxes on the middle class and increasing them on the wealthy, developing more affordable housing, helping young adults build wealth, containing the cost of education, child care and health and improving workers' skills and training.The-CNN-Wire? & ? 2019 Cable News Network, Inc., a Time Warner Company. All rights reserved. 4198
A new federal lawsuit says Mississippi's Parchman prison is a violent place where inmates live in “abhorrent conditions” and their medical needs are ignored. The lawsuit was filed Tuesday on behalf of more than 150 prisoners. It is similar to one filed in January, and the two lawsuits could eventually be merged. Attorneys in both lawsuits are being paid by entertainment mogul Jay-Z, rapper Yo Gotti and Team Roc, the philanthropic arm of Jay-Z's Roc Nation. At least 19 inmates have died in Mississippi prisons since late December. The latest death happened Wednesday. The U.S. Justice Department is investigating Mississippi's prison system. 657

A new lawsuit accuses several of the world’s largest technology firms of knowingly profiting from children laboring under brutal conditions in African cobalt mines. The suit, filed this week in Washington by the nongovernmental organization International Rights Advocates, seeks damages from Apple, Dell, Microsoft, Tesla and Alphabet, the parent company of Google.Cobalt is an essential element in the rechargeable lithium batteries that fuel many electronic devices. The rise of smartphones in the past 20 years has created a large demand for the metal, and the growing popularity of electric cars is expected to further increase demand.The lawsuit claims the companies are “aiding and abetting the cruel and brutal use of young children” in cobalt mines in the Democratic Republic of Congo. The lawsuit targets a pair of mining companies, the British-based firm Glencore and the Chinese company Zhejiang Huayou Cobalt, which it says supply cobalt to all the defendants. The suit is filed on behalf of 13 anonymous plaintiffs, all families with children who died or suffered serious injury while mining cobalt. The suit claims that the cobalt boom “brought on a new wave of brutal exploitation” for the DRC, which has a bloody colonial history and was once considered the personal property of Belgium’s King Leopold II. It says hundreds of Congolese children have been forced by extreme poverty to work in the cobalt mines, digging in underground tunnels with primitive equipment for as little as per day. A statement from Apple said the company is “deeply committed to the responsible sourcing of materials that go into our products.” It says the company “removed” six cobalt refiners from its supply chain in 2019 for being unable to meet Apple’s safety standards. A Dell statement says the allegations in the lawsuit are being investigated and declares that the company has “never knowingly sourced operations using any form of involuntary labor, fraudulent recruiting practices or child labor.”A Google statement says, “Child labor and endangerment is unacceptable and our Supplier Code of Conduct strictly prohibits this activity.”The other companies named in the lawsuit did not immediately respond to a request for comment. 2247
After decades of silence, one of perhaps hundreds of sexual misconduct victims of an Ohio State University team doctor is speaking out for the first time, hoping his story serves as a lesson.The numbers are staggering: nearly 50 instances of rape, almost 1,500 cases of fondling.Those new numbers detail how widespread sexual abuse was at the hands of an Ohio State University's Dr. Richard Strauss. Many of the accusers are former OSU athletes.One of those shared the story he kept hidden for decades.For 14 years, he's been a trusted name in Grand Rapids, Michigan. But for years, Mike Avery, 607
After deadly tornadoes and floods have ravaged communities for weeks, the storm-weary central United States is getting some relief as the threat shifts toward the East Coast on Thursday.The U.S. has endured damaging tornadoes somewhere every day for the past 13 days.Several deaths have been blamed on flooding and severe weather, including one each in Arkansas, Kentucky and Ohio; three in Missouri and six in Oklahoma, authorities said.Thursday, severe thunderstorms could produce damaging wind gusts, hail and tornadoes across southeastern Pennsylvania, northeast Maryland, north Delaware and southwest New Jersey, CNN meteorologist Derek Van Dam said.About 26 million people are under a slight risk of severe weather and 48 million are under marginal threat, CNN meteorologist Michael Guy said.Tornadoes break a recordIf no tornadoes are reported Thursday, the nation will breathe a collective sigh of relief. On Wednesday alone, there were 24 tornado reports, Guy said.The last day without a tornado was May 15, making Wednesday the 14th consecutive day that the continental US saw a tornado touchdown.So far this year, there have been at least 1162
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