Monday, June 17, 2019

I'm a Goddamn House Cat

I'm a Goddamn House Cat
Thanks to some changes at work, I've been slacking on all things internet: writing for this blog, reading and commenting on others', and keeping up with the latest nonsense on Twitter.

We just went through a re-org, the first I've had to go through in seven years at this company. That means I have a new role, a new team, a new boss, and a new and exciting level of work and stress that I need to get acquainted with. 

As long time readers of the blog know, I work in procurement and have ever since I was getting my undergrad. I worked in my university's procurement office during the day, negotiating prices and contract language, running RFPs, managing our supply chains and cutting POs, and then went to classes at night to earn my BA and then, later, my teaching credential.

Monday, June 3, 2019

Middle Class? How about Middle Quintile? (2019 update)

It’s been four years since I wrote a post on household incomequintiles, in a vain attempt to reframe the way we think about the middle class. I’ve never liked the way that the term ‘middle class’ was simultaneously poorly defined and yet somehow still critical to the way we talked about finances, the economy, and politics.

Nearly everyone considers themselves middle class.  A household earning $30k can define themselves as middle class, even though a family of three at that income level would qualify for some federal subsidies, being within 150% of the poverty line. But most millionaires also consider themselves middle class as well, absurd as that is.

Either the middle class has a definition that is so broad that it includes both the wealthy and those skirting the poverty line, or it’s a term so poorly defined that anyone can claim membership just based on how they feel.