"More Americans own homes, drive cars, go to college and use cell phones than ever"
Press release from (the wonderful) Reason Foundation:
Los Angeles (February 5, 2008) – Sen. Hillary Clinton wants to "restore the middle class.” Republican presidential candidates promise to ease the “burden” on the middle class. And CNN’s Lou Dobbs regularly chronicles what he calls the “war on the middle class.” Yet, despite all this doom and gloom about America’s economy, Reason.tv’s Drew Carey shows that middle class is actually better off than it ever has been.
Carey, the host of The Price Is Right, says instead of simply looking at how much something costs, we should examine how many hours it takes a middle class worker to buy something. Carey points out that in the 1980s, “Few regular people could afford cell phones because the average worker had to sweat for 460 hours to buy one.” Today the average worker has to put in just three hours of work to buy a cell phone.
“Only the rich owned cars a century ago. But today, average Americans can afford shiny SUVs. In terms of time, the cost of a car has fallen by more than 70 percent [since 1908],” Carey explains in the Reason.tv video. “The story’s the same for necessities. Food is 84 percent cheaper. Clothing is 87 percent cheaper.”
"In the midst of an election season where most politicians will say anything to get a vote, this video should be required viewing not just for voters but for everyone in the media," says the editor of Reason.tv, Nick Gillespie. "The plain truth is the middle class is doing great thanks to free trade and other policies that are frequently scapegoated at political rallies and on cable news."
Full Video Online
The new Reason.tv Drew Carey video, Living Large: America’s Middle Class, is online at http://reason.tv/video/show/61.html. An archive of Reason.tv videos hosted by Drew Carey is here.
Reason.tv is an online community showcasing the best libertarian ideas and videos on the Internet. Reason.tv gives you the opportunity to create videos, share videos and suggest topics for Drew Carey’s upcoming documentaries. For more information, please visit www.reason.tv.
About Reason Foundation
Reason Foundation is a nonprofit think tank dedicated to advancing free minds and free markets. Reason Foundation produces respected public policy research on a variety of issues and publishes the critically acclaimed Reason magazine, and its website www.reason.com. For more information, please visit www.reason.org.
Chris Mitchell, Director of Communications, Reason Foundation, (310) 367-6109