For decades we old fart leftists have been warning the workers of the US to watch their backs and all that time we were being silly and unrealistic….how do you feel now?
First of all the Middle Class is the Working Class for it is they that create all products and wealth….so if speaking about the Working Class makes you uncomfortable….then by all means call them what they are…The Middle Class!
I know….some will say that I harp a bit…..others will say that I am fixated on the Middle Class/Working Class….well that part is true….even the cowards in Congress will acknowledge the importance of the Middle Class…..both sides have very different ideas that , they say, will strengthen the Middle Class….but the truth is that neither side is doing anything to save the middle class….quite the opposite.
And because of their non-actions the middle class is slowly disappearing….I know I have said this all before…..and I know….NO ONE is listening…especially the cowards we have elected…..amd thanx to Michael Synder of blacklistednews.com…..he has saved me a ton to research…..I know…you want proof!
#1 In 1980, 52 percent of all jobs in the United States were middle income jobs. Today, only 42 percent of all jobs are middle income jobs.
#2 Back in 1980, less than 30% of all jobs in the United States were low income jobs. Today, more than 40% of all jobs in the United States are low income jobs.
#3 Only 63.5 percent of all men in the United States had a job last month. According to Bloomberg, that figure is “just slightly above the December 2009 nadir of 63.3%. These are the lowest numbers since 1948.”
#4 In 1969, 95 percent of all men between the ages of 25 and 54 had a job. Last month, only 81.2 percent of men in that age group had a job.
#5 According to one recent survey, 64 percent of Americans would be forced to borrow money if they had an unexpected expense of $1000.
#6 The wealthiest 1% of all Americans now control 40 percent of all the wealth in this country.
#7 The poorest 50% of all Americans now control just 2.5% of all the wealth in this country.
#8 The wealthiest 1% of all Americans now own over 50% of all the stocks and bonds.
#9 According to the Washington Post, the average yearly income of the bottom 90 percent of all U.S. income earners is just $31,244.
#10 The average yearly income of the top 0.1% of all U.S. income earners is 5.6 million dollars.
#11 Between 1969 and 2009, the median wages earned by American men between the ages of 30 and 50 dropped by 27 percent after you account for inflation.
#12Only the top 5 percent of all U.S. households have earned enough additional income to match the rise in housing costs since 1975.
#13 During this economic downturn, employee compensation in the United States has been the lowest that it has been relative to gross domestic productin over 50 years.
#14 According to the Bureau of Economic Analysis, health care costs accounted for just 9.5% of all personal consumption back in 1980. Today they account for approximately 16.3%.
#15 Total credit card debt in the United States is now more than 8 times larger than it was just 30 years ago.
#16 There are fewer payroll jobs in the United States today than there were back in 2000 even though we have added 30 million people to the population since then.
#17 Since the year 2000, we have lost approximately 10% of our middle class jobs. In the year 2000 there were about 72 million middle class jobs in the United States but today there are only about 65 million middle class jobs.
#18 The competition for even the most basic jobs has become absolutely brutal. Approximately 7 percent of all those that apply to get into Harvard are accepted. At a recent “National Hiring Day” held by McDonald’s only about 6.2 percent of the one million Americans that applied for a job were hired.
#19 It now takes the average unemployed worker in America about 40 weeksto find a new job.
#20 According to a report released in February from the National Employment Law Project, higher wage industries are accounting for 40 percent of the job losses in America but only 14 percent of the job growth. Lower wage industries are accounting for just 23 percent of the job losses but 49 percent of the job growth.
#21 Half of all American workers now earn $505 or less per week.
#22 The cost of college tuition in the United States has gone up by over 900 percent since 1978.
#23 In the United States today, there are more than 100,000 janitors andmore than 317,000 waiters and waitresses that have college degrees.
#2417 million college graduates are doing jobs that do not even require a college degree.
#25 According to one recent survey, 36 percent of Americans say that they don’t contribute anything at all to retirement savings.
#26 Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid.
#27 As 2007 began, there were 26 million Americans on food stamps. Today, there are more than 45 million Americans on food stamps, which is a new all-time record.
#28 The number of Americans on food stamps has increased 74% since 2007.
#29 Today, one out of every four American children is on food stamps.
#30 In 1980, just 11.7% of all personal income came from government transfer payments. Today, 18.4% of all personal income comes from government transfer payments.
#31 The number of Americans that are going to food pantries and soup kitchens has increased by 46% since 2006.
#32One out of every six elderly Americans now lives below the federal poverty line.
#33 In the United States, over 20 percent of all children are now living in poverty. In the UK and in France that figure is well under 10 percent.
#34 According to the Federal Reserve, the richest one percent of all Americans have a greater net worth than the bottom 90 percent combined.
As they say…”the proof is in the pudding”…….so use these pages to find out the truth….the Middle Class is disappearing and if you are unfortunate enough to be a part of it…..then future is not looking as bright as it was back in 1980…..and there is more news on this situation……
Downward mobility is rampant in the US, with a third of Americans who grew up in the middle class falling out of it as adults, according to a new Pew Study (pdf). “A middle-class upbringing does not guarantee the same status over the course of a lifetime,” the report reads. Those who weren’t married, hadn’t gotten a college degree, or used drugs were especially likely to fall down the income ladder, the Washington Post observes. The report focused on people who were 39-44 years old between 2004 and 2006, meaning it doesn’t take into account any post-financial crisis hardships. It defined middle-class as between the 30th and 70th percentile in income distribution. Looking along race and gender lines, researchers found that black men were twice as likely as white to be downwardly mobile, with nearly 40% falling. There was no similar gap between white and Hispanic men, or between women of different races.
And then there is this analysis from American Dream………
Sorry to break this to you, but the future for most Americans is going to be pretty crappy. Unless you are independently wealthy, the chances are good that you will have a low paying job, that you will be drowning in a sea of bad debts and that you will have to go on government assistance at some point. Most American families are completely dependent on their jobs for income, and right now good jobs are disappearing at a frightening pace. Over the last couple of decades, millions of high paying manufacturing jobs have been shipped out of the country and they are being replaced by low paying service jobs. Small business creation is being absolutely crushed by the federal government, and millions of illegal immigrants have been allowed in to the country and they are now competing for the limited number of jobs that are still available. The vast majority of the money and the vast majority of the power in this country are now in the hands of either the big corporations or the government. Together, the big corporations and the government are absolutely crushing everyone else. If you are not part of the “privileged class”, there is a good chance that your job is serving them. Perhaps you are bringing them lunch or cutting their hair or stocking shelves for them. Once upon a time, America was “the land of opportunity”, but now that has all changed. Tomorrow morning, millions of Americans will get up and go to pathetic, low paying jobs and millions of others will wonder why they can’t find anyone to hire them. Sadly, if nothing is done to reverse the long-term trends that are destroying our economy, the number of “working poor” is going to continue to increase.
And yet there are those that do not see an attack on the Middle Class or that there is any danger of it disappearing……and yes….you were warned but you chose to turn a deaf ear…………If you do not fight, then you will lose………Are there any thoughts now?
please…..WILL YOU LISTEN NOW!