BUZ LIVINGSTON: California Dreamin’ notes from Newport Beach

Published: Thursday, November 29, 2012 at 04:48 PM.

While I applaud Jim’s challenge, America has a deeper problem. During the new millennium’s inaugural decade, the typical middle class family’s annual income shrank by almost $4,000 (New York Times, Eduardo Porter, November 21, 2012). We cannot ignore shrinking middle class wages. Contrasted with other American tycoons, Henry Ford understood his fortunes were tied to workers’ demand for his cars. He famously wanted employees to be able to buy Fords.

I can’t offer a solution to middle class wage growth.  One idea floated is the potential that increased healthcare demand will create opportunity for nurses and health care workers. These are jobs with above average pay, a low probability for outsourcing and more potential than trickle-down economics.

Buz Livingston, CFP offers hourly financial planning and fee-only investment management to clients along Florida’s Emerald Coast. He can be reached at 267-1068, Buz@LivingstonFinancial.net or www.LivingstonFinancial.net.

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