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Only 24.6 Percent Of All Jobs In The United States Are Good Jobs

Do you want to know why it seems like good jobs are very rare in the United States today?  It is because good jobs are very rare in the United States today.  According to a paper that was just released by the Center for Economic and Policy Research, only 24.6 percent of all American jobs qualified as “good jobs” in 2010.  Over the past several decades, there has been increasing pressure on corporations to reduce expenses and increase corporate profits.  One of the biggest expenses that any corporation faces is labor.  Large corporations all over the globe are in an endless race to gain a competitive advantage by pushing labor costs as low as possible.  Sometimes this is done by using technology.  Computers, automation, robotics and other forms of technology have eliminated millions of jobs in the United States and those jobs are never coming back.  Millions of other jobs have been eliminated by offshoring.  In our globalized economy, American workers have been merged into one giant labor pool with everyone else.  That makes it very tempting for big corporations to move jobs from areas where workers are very expensive (such as the United States) to areas of the world where it is legal to pay slave labor wages.  When big corporations do this, corporate profits go up, but the number of good jobs in the United States goes down.  As a result, there is increased competition for the jobs that remain in the United States and this drives down wages.  Meanwhile, the cost of living just keeps going up.  So millions of American families have fallen into poverty in recent years, and millions of others have gone deep into debt in an attempt to survive.  This dynamic is absolutely shredding the middle class in the United States.

So how exactly did the authors of the paper mentioned above come to the conclusion that only 24.6 percent of all jobs in the United States are good jobs?

Well, they had three criteria for what a “good job” is….

#1 The job must pay at least $18.50 an hour.  According to the authors, that is the equivalent of the median hourly pay for American workers back in 1979 after you adjust for inflation.

#2 The job must provide access to employer-sponsored health insurance, and the employer must pay at least some portion of the cost of that insurance.

#3 The job must provide access to an employer-sponsored retirement plan.

Using those criteria, the authors of the study found that only 24.6 percent of all jobs in the United States are good jobs.

So why are there so few good jobs in this country?

Is it because we aren’t educated enough?

No, the authors of the study found that 34 percent of all U.S. workers had a four-year college degree in 2010, while only 19 percent of all U.S. workers had a four-year college degree in 1979.

So what is the problem?

Sadly, the truth is that in a global economy U.S. workers are viewed as very expensive liabilities.

In the United States today, hiring a worker is a very complicated and expensive proposition.  There are thousands upon thousands of laws, rules and regulations that must be complied with, and more are constantly being added.  In addition, there are a bunch of taxes that must be paid for each employee in addition to the salary and benefits that they are owed.

So for big corporations it makes a lot of sense to move jobs to countries where there is very little red tape and where you can pay workers next to nothing.

Neither major political party is doing anything to stop our economy from bleeding good jobs, and so it will continue happening.

To get an idea of just how bad the unemployment situation has gotten in the United States, it is important to look at the U-6 rate which is often called the “real” rate of unemployment.

The U-6 rate includes “discouraged” workers that have given up on looking for a job and it also includes those that have part-time jobs but that really would like full-time jobs.

When you look at the U-6 rate, the increase in unemployment from just 5 years ago is absolutely staggering.  The following is from a recent CNBC article….

Consider: Nevada’s U-6 rate is 22.1 percent, up from just 7.6 percent in 2007. Economically troubled California has a 20.3 percent real rate, while Rhode Island is at 18.3 percent, more than double its 8.3 percent rate in 2007.

Those numbers compare especially unfavorably to the national rate, high in itself at 14.9 percent though off its record peak of 17.2 percent in October 2009.

Ouch.

Those often being hit the hardest are those just entering the labor market.  For example, about 53 percent of all U.S. college graduates under the age of 25 were either unemployed or underemployed last year.

Most of the jobs that are available for young college graduates (or for the rest of us for that matter) are crappy low paying jobs that often come with no benefits.

In the United States today, one out of every four workers makes ten dollars an hour or less.

So can you pay the rent and support a family on ten dollars an hour?

Of course not.

But these kinds of jobs are becoming more of a part of the labor market in the United States than ever before.

Three decades ago, less than 30% of all jobs in the United States were low income jobs.

Now, more than 40% of all jobs in the United States are low income jobs.

Will it soon be 50 percent?

Sadly, many Americans are just thankful to be able to find any job at all.  There are millions of workers out there that have become so frustrated that they have given up on finding a job entirely.

The U.S. government says that the number of Americans “not in the labor force” rose by 17.9 million between 2000 and 2011.  During the entire decade of the 1980s, the number of Americans “not in the labor force” rose by only 1.7 million.

Something has gone horribly, horribly wrong.

Well, if the economy is not producing enough good jobs, could starting your own business be the answer?

Unfortunately, our politicians absolutely love to swamp our small businesses with taxes, rules and regulations.

If a small business can somehow survive our politicians, then it must also somehow find a way to survive competition from the giant predator corporations that ruthlessly dominate our economy.

When you consider how much is stacked against our small businesses, it becomes easy to understand why they are doing so badly today.

For example, it was recently revealed that the U.S. economy lost more than 220,000 small businesses during the recent recession.

But small businesses did not just suffer during the recession.  The truth is that they have been hurting for a long, long time.

In fact, the percentage of Americans that are self-employed fell by more than 20 percent between 1991 and 2010.

And small businesses are creating jobs at a much lower rate than they did previously.

In 2010, the number of jobs created at new businesses in the United States was less than half of what it was back in the year 2000.

So needless to say, we are facing some major problems.

The way that our economic system is structured is absolutely killing American workers and it is absolutely killing small businesses in the United States.

If we continue on the path that we are on, things are going to get even worse.

Do you have a solution for these problems?  Please feel free to post a comment with your thoughts below….

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comments

  • Rodster

    I started a small business back in 2005 and have never looked back.

  • DaytoDay

    Yes, and next step is REVOLUTION 2.0!!!

    Seriously, look at history and you’ll see that coups, revolutions and revolts were started for less than what we put up with!

    The only thing that keeps the game going (Keeps the public in a comatose state) is television and really ANY form of entertainment…

    You wonder why people were different’ in the 30’s and 40s? Because they didn’t sit on their rumps all day! They were out socializing (Working) not sending messages through the computer and calling it “socializing” But it’s however you want to look at it…

    Now, I’m not blaming technology, but the fact is, people 50+ years ago didn’t have the toys and gadgets that we have today, to keep them occupied. So how did they stay occupied without TV, video games and social media? They had hobbies, they went outside and played sports, hunt and fish, they had party dinners, knitting sessions, they lived more to the earth.

    I watched a documentary about Nick Nolte and he said, “People today aren’t as in-tune with nature, because they drive around in cars and think they’re God”

    There’s a lot of truth to that…

    • Rodster

      I absolutely agree with your take on the comatose American society today. Back in the 50’s (the generation I was born in) people were hard workers, didn’t complain, were more self reliant, had small gardens, knew their neighbors and generally were more civilized.

      Today people prefer to watch voyeur TV aka reality tv, are complainers, rely more on the gubmint, are hostile and violent, hate God and prefer a secular society where right is wrong and wrong is right.

      Back in the 50’s we had a mfg base because world trade took a back seat to our needs first as a nation. Today it’s the opposite. We’d rather ship corn around the world than to feed our own nation first. And we prefer to import fruits and vegetables from around the world instead of using our own crop.

      It’s basically the death of the west as P. Buchanan stated.

      • Janet

        Amen.

      • xander cross

        Your buddy pat bucannan, supports big government and he also supported the bankers theft of this country and yes, he supports the federal reserve.

  • r.bitting

    Here’s your solution, Repent, and trust upon the sacrificial death of Jesus Christ for your sins, and you shall be saved. Then read your bible so that you will know better the one who died for you, so that you could be forgiven of your transgessions against a holy God.

    • Arkaden

      I’m so happy to hear Jesus will pay my mortgage if I loose my job. If he could come by and weed my garden too, that’d be great. I mean, I do use “Miracle” Grow, so I guess that’s like Jesus in fertilizer form, eh?

      Don’t get me wrong, I’m not bashing faith, but every single post of yours is stating that as long as you *only* believe in God the rest will just happen. Sorry, Jesus isn’t answering the door when bill collectors come knocking, I am. It’s great for someone to strongly believe in their faith but to blindly believe that, that alone will solve all of life’s problems is just delusional.

    • Riprake

      I agree with Arkaden. Grace through faith will save your soul, but until we shuffle off this mortal coil, we need a solution to save our skins. That’s in the Bible too, but more in the Old Testament and specifically in Proverbs (which has a lot of common-sense advice on being responsible with sex and money). The Christian worldview by which we must live involves so very much more than just the starting point, and involves an ongoing process of educating oneself in what exactly the Bible instructs us to do in given situations.

  • Dave Webb

    I retired from a major company in 2007. I was making about 44,000 a year as a qualified Journeyman Printer. The company had a buyout. We were given 6 months salary as an incentive to retire. I was only a year away from retirement anyway so I took it. The net was fairly close. Both wages and pensions are subject to some taxes. But Social Security isn’t. I took a slight break in pay for retiring earlier than 67. To break even I would have to be 75 before the wage deduction made any difference.
    The government took 40 percent of the incentive off the top. Thank-you Mr. Clinton. That was one of his ideas. All kinds of incentives and bonuses are taxed at 40 percent. Almost all individual agents such as Real Estate Agents and other salespeople are punished with the same 40 percent off the top.
    I would suggest that any small business try piggybacking on a larger established business. Have them handle the personnel and tax situations. Sharing a personnel and tax department with a much larger firm has benefits worth considering.
    As for jobs, Congress really needs to wake up soon. Our Congress is the one responsible for the game rules we live under. Maybe we should shift from the two party system to a no party system. We desperately need new blood and new ideas in the Congress. The ones we have in there now have painted us into this corner. It is time for them to retire.

  • Deborah

    Excellent article, Michael. Thank you…it’s getting scary out here…..

  • karyn

    How do you think the retirement of the baby boomers will affect this? Do you think that, if younger people can just hold out a little longer, there will be more openings? Granted, the salaries won’t be as high, since they will entering at ground level, but wouldn’t that open up more of the good jobs?

    • Shannon

      The problem with the baby boomers retiring is they will be spending less as well. Less spending = less jobs.

    • lee

      The problem is the job openings are either being automated(i know, i’ve automated some) or they’re being re-offered at lower salaries because the businesses have had decreasing profits for years(some even before Obama, as GW Bush piled on debt and didnt really resolve any of the US’s big problems; he just didn’t do it as fast as Obama).

    • M

      Considering the absolute scorching of net worth in homes and savings in the last few years.
      Most boomers are going to hang onto any paid position for dear life . So no I don’t expect the boomer wave of retirement too kick in until they are in their 70’s.

  • 005

    What can you say?
    This is just plain depressing,
    well there’s always…..uh…well
    you can’t do that…..no….well..
    you could….uh…..

    wow….what is there?

  • i’vegivenup

    Unfortunately it is going to take a full scale collapse for things to get better. This means millions of people will suffer and many will even die. I feel that many of the rich will also suffer and many of them will kill themselves because of their losses. Only those who have prepared will have a fighting chance. A full scale revolution is not out of the question and WWIII is likely in our future. We have not seen how bad things can really be but we are about to find out….

  • mondobeyondo

    The lady at the very end of the post. Perhaps she’s a Wal-Mart or big box store employee.

    She doesn’t appear to be lazy. She’s doing the best she can in the world we’re all living in.
    ——————————————

    Can we make it? Yes. No doubt.
    Do we have the WILL to make it?
    YES! We do.
    Do we still “have it”? Yes! But it’s buried, until the next catastrophe occurs..

    When the USA is united, it is an unstoppable force.

  • Gary2

    What needs to happen is for the country to make companies make their first priority the benefit of this country and not the profit motive. If they do not like it then ban all their stuff from being sold in the USA. We need to take a hard line with these benedict arnold corporations.

    • Kevin

      Gary2

      The profit motive is fine. That gets them to invent things. No one really works for the common good.

      The above being said I also believe that Americas business is business as long as that business is here. I like tariffs. Tariffs leveled the playing field and thereby offered no benefit to find slave manufacturing labor.

      My heroes are Henry Ford that created wealth in the US and Walter Reuther that made it his life’s work that the people putting those cars together got a piece of that wealth. No Henry Ford, no wealth. No Walter Reuther, de-facto economic slavery.

    • Guido

      Gary, it’s obvious you have no idea what makes Capitalism work. Say what you want about it-there’s no other system on the face of the planet that has lifted more people out of poverty and made it possible for more people to improve their circumstances and try to make their dreams a reality. Not feudalism, not communism, not socialism, nor any other ism you can identify. Personal gain is the greatest motivator on the face of the earth. It’s why we have the things we have now. Look at the USSR-under communism, the most productive farm land in the entire empire was the tiny personal plots all soviets were permitted to have. These personal plots made up less than 5% of the land, yet they produced a majority of the crops. That’s profit motive at work.

      The problems you see around you today are NOT the fault of Free Market Capitalism, because we don’t HAVE Free Market Capitalism. We live under a somewhat more socialist system than a free one. Government has destroyed the free market in this nation and perverted it slowly to something more like Fascism, where government and big business are co-joined against the rest of us.

      So it’s useless to rail against business and pretend the government can solve this by taking more money. You’re cutting one head off the hydra and leaving all the rest. The true root of our problems is and has always been government. Don’t believe me? Just who has been regulating business all these years? And who has failed to do anything about folks like John Corsine?

      The only solution is not more gov’t, but much less. Get government out of our lives, end this myth of entitlements, and watch business start to come back to life-meaning more jobs for more people. Since they couldn’t make meaningful reforms when they had time, I suspect the arrival of the Great Depression Part II will do wonders for cutting government.

      • Gay Veteran

        if you want to cut back on government then you will also have to neuter big corporations

  • Airborne71

    $ 18.50 an hour ??? I want to drink what ever it is that they are snoking that makes them think like this !! Very few folks start out at the top of the corporate ladder ! You start out on the bottom rung and thru a lot of HARD WORK and self sacrifice you work your way up that ladder ! Hint: IT AINT EASY! Nobody owes you a thing , you do it on your own . You don’t have to like it, you just have to DO IT !!

    • Guido

      The problem, Airborn71, is that wages were basically eroded by inflation every year for 40 years so that even when you got raises, the actual value of your income didn’t increase when you factor in the devaluation of the dollar.

      Government uses inflation to its advantage. It’s cheaper to inflate the currency than to go through all the fiscal responsibility crap. Essentially, inflation is a backdoor tax on your wealth, since it steals from your savings every year, it erodes the purchasing power of your current wages, and if they do it right, you’re too busy to notice your wages are buying you less and less every year. That’s part of what created the credit bubble-people wanted to live the good life like everyone else was, so they took out loans and got credit cards.

      Inflation essentially punishes savings and rewards spending, since you can’t rely on the money to be worth as much when you get it out as when you put it in. Gold, in comparison, maintains that value-just look at its price over the last 40 years. Gold has appeared to go up comapared to the dollar, which in reality has weakened and weakened every year.

      Also, and I have no way of knowing if this was ever intentional, but inflation helps keep your lower middle class and lower class from doing much more than working to keep their heads above water. It’s hard to lead a fulfilling life or pay attention to politics or participate in your town/county/state/national government when you’re killing yourself at work day in and day out just to survive.

  • WarriorClass III

    The only thing that can correct this situation is to remove that which caused it – The Federal Government. The Federal Government is nothing but a tool for the international banksters and businesses that hinders the free market, and lowers wages via immigration. It’s not just low wage earners from Mexico coming into this country, it’s engineers, programers, and other technical specialists from Europe and India. Other jobs are simply sent off shore. The Federal Reserve (although not part of the Government) devalues the dollar, also lowering wages while increasing the price of goods and services. This is nothing but theft and we have been looted for a hundred years by this organization. We need to enforce our borders not only with a real border patrol, but with tariffs that actually benefit the country as a whole and not the preferences of a few fat cats at the expense of the rest of us. The Federal Government is nothing but a humongous leach sucking the blood out of the productive.

  • Tim

    So, the BLS tells us that 163,000 jobs were added in July, the most since February of this year. Oh, but the unemployment rate increased??? I mean, in previous months when significantly fewer jobs were supposedly added to the economy, the unemployment rate dropped! And for June the BLS used two surveys–a survey of businesses and a survey of households–and the business survey is the more reliable of the two? Is this how it was done in previous months? What will they resort to next? This is worse than the most bizarre episode of the Twilight Zone.

    • Webster

      A moderate increase in jobs often leads to a slight increase in the “official” unemployment rate because it give “discouraged workers” hope, and more of them come back into the work force.

      The “8%” rate only includes full-time workers and job-seekers. If you include part-time workers who WANT full-time work and the unemployed that have given up looking (so they aren’t “seekers” now), the unemployment and underemployment rate is more like 15-20%.

  • lee

    Yes, I keep telling people that think those 50K+ manufacturing jobs are gone forever, the US still has new manufacturing(BMW,Toyota opened plants in the US recently), but those are 40K max jobs now.

    Speaking for myself, I am a cumputer programmer in Houston; so I have been safe from all this so far; but I see things getting much worse; so I can envision even a safe career in a prosperous city being threatened or facing salary cuts eventually.

    The solutions are easy:
    -Deregulate bussiness
    -drop tax rates and elminate captial gains taxes
    -allow medical insurance to compete nationwide(and kill obamacare)

    The US still can turn it around on a dime as it is the most lawful cuntry around, has the least meddling by government and allows greatest competition.
    ok, well, it used to; it could again really fast if the people vote that back in. November will tell me who the US is now, either the US of the Reagan era or England.

    • r

      looks like you bought the coolaid

  • AWSmith

    Baby boomers retiring is not going to help.

    Thats actually part of the problem. The economy has been consumer driven since about the end of reconstruction in the late 1800s. You had a lot of fake money generated from a housing bubble and everyone borrowing to their heart’s content for years. Now banks have quit lending (do you blame them?) and the boomers are on fixed incomes and they have quit SPENDING.

    Part of the prob is the boomers no longer can spend money like water and that has hurt the consumer economy.

    NO economy can survive if its based on essentially printing money. And thats what happned here. No manufacturing to make money in the united [at gun point] states anymore. It shifted to obscure financial instruments on wall street and then offshored our manufacturing… what did that leave? computers, healthcare, insurance. If you aren’t in those industries, you are working for crap wages at whorebucks or some retail job.

    “If only we could elect a conservative, things would get better.” -Bull####. Romney can’t fix the problems we have. Neither can Obama. The only fix, honestly, is to dissolve the union, effectively declaring bankruptcy on the dollar, suffer through the then collapsing economy as all of a sudden farming becomes the hip and in job to have, police departments and sheriff’s departments become VERY important security devices. As does state national guard units at that point.

    And force isn’t going to fix this problem either, ya’ll. Imagine if 1 out of every 2 citizens had a weapon and enough ammo to fight and overthrow the federal government. K…. now what? More of the same old crap? Nope. Armed secession or takeover of the government at any level is pointless.

    Whats needed is:
    * a fundamental change in the way we manage our currency – no more full faith and credit, but backed only by GOLD and no more fractional reserve banking. If you are a bank, and you have 1 pound of gold, then you can loan out one pound of gold. Not 10.
    * A federal government that is representative of the different needs in different parts of the country. The South needs different things from government than new england and from the western states. Trying to get a one size fits all government was a great experiment starting in 1776 and affirmed at gun point in 1865. And it has failed. Let new england have their liberal laws and let the south have their conservative laws. Let the western states have whatever sort of laws tehy want. But let ALL 3 regions work together on military defense but keep the federal army out of all of the states law enforcement.
    * State government that is responsible for everything else, including policing and assisting the federal army in its defense of all of the states.

    Others on this thread are incredibly correct in that the only reason we don’t have a revolt right now is that people are entertained by $1 apps on their phones. Let them get hungry though and watch what happens. Noone will revolt until they are hungry and/or their relatives start getting killed or kidnapped or harassed for being on the wrong side of some issue.

  • xander cross

    Can you pay rent with $10.00 per hour. You mean to say that most americans make $7.25 an hour paying rent with no type of lunch breaks or much money for increasing gas prices, of course, provided by the wonderful corporations that you tea party members support so much. But that’s the question, how can you possibly pay rent or mortage with 7.25 an hour? Aint american grand? Oh, by the way, why are you tea party members buying up farmland and not farming or harvesting anything?

  • xander cross

    “At the end fiat money returns to its inner value—zero.” Voltaire

    I disagree with this one sentence: “The ECB is not going to be able to do this unless Germany allows them to.”

    I don’t believe that Michael Snyder understands how nefarious the globalists’ truly are. They can program Wall Street’s stock trading system to steal trillions at the push of a button. PERIOD! (i.e. Knight Capital) There’s no bottom to the depth of the globalists’ evil!

    • Guido

      Actually, I believe Knight didn’t steal-it traded poorly. From what I read, the algo went berserk and did the exact opposite of what a rational trader would do. It bought high and sold low and performed these trades at high speed, losing more and more money as it made millions of trades.

      The company pretty much destroyed itself in an hour or two. This kind of glitch has been prophesied for some time, but the system in general hasn’t been willing to listen to the folks warning about this.

      The threat, from what I’ve read, is we could see an E-Depression where computers doing the trading suddenly trigger a massive system-wide selling frenzy. The fear is we could see the system melt down in a matter of minutes or even seconds as the computers do their thing. In this scenario, even if the gov’t steps in to halt trading and promises to unwind the mess, it could shatter confidence in the market.

  • http://www.OlGreyGhost.Blogspot.com Ol’ Grey Ghost

    The criteria listed for a “Good Job” in this article would be considered “cushy” by pre-WWII standards. Wages could have been considered as high since the dollar was stronger but the employer sponsored medical insurance and retirement programs were a fringe benefit that most businesses on the fringe of success could not afford. Now many people consider these to be their positive right to have at others’ expense…

    http://olgreyghost.blogspot.com/2009/12/what-is-polarity-of-your-rights.html

    …without realizing that any expense an employer must bear in regards to the retention of an employee reduces what capital is available to compensate the employee and places the employee’s continued gainful employment status as risky.

    Of course, the whole fringe benefit packages were created by employers when the government interfered once before in their contracts with employees…

    http://olgreyghost.blogspot.com/2009/07/recessions-and-cavemen.html

    And there are those who want the insurance for less than it actually costs to provide it…

    http://olgreyghost.blogspot.com/2009/11/you-wanna-bet.html

    What everyone needs to do is to quit expecting that replacing one anal-retentive type with another every two or four years just because of the promises he makes of the gifts he will bestow…

    http://olgreyghost.blogspot.com/2009/07/voting-and-sharing.html

    …does not work and unless the gift is liberty to live your life peaceably as you see fit, which is a hard gift for anal-retentive types to deliver, then it’s better to not participate in the charade rather than elect the “lesser of two evils” which always ends in more evil…

  • Billy Kearns

    http://www.youtube.com/watch?v=4Z9WVZddH9w

    The Venus Project is an absolute answer to this problem, but it will take a complete collapse. It must get much worse before it will ever get any better. Watch that free movie above and look into the Venus Project.

  • M

    I think the author needs to be real honest about how many of those “good jobs” are federal state and local goverment jobs.

    • Michael

      A lot of those good jobs are state and local government jobs to be sure.

      But we are going into huge amounts of debt to pay for those jobs, so they will start to disappear too.

      Michae

  • El Pollo de Oro

    I’ve made this point many times before, but it bears repeating: when more and more Americans become increasingly desperate and find themselves living in Third World conditions, they will do the types of desperate things that desperate people in Third World hellholes do in order to survive. They will rob, they will steal, they will mug, they will sell drugs, they will carjack, they will kidnap. They will implement the Desperate People Doing Desperate Things Tax (DPDDTT), which is quite common in Honduras, El Salvador, Guatemala, Papua New Guinea and other have/have-not countries.

    “When the money stops flowing down to the man on the street, the blood begins to flow in the streets”—Gerald Celente

    “It is becoming increasingly impossible in America to get a good job without being connected to the system that serves the elites.”—Paul Craig Roberts

    “For many, the American Dream became a nightmare long ago. It’s little wonder that Americans are afraid and angry.”—Michael Fumento

    “We are well on our way to seeing our great country move toward an oligarchic form of government, where virtually all economic and political power rest with a handful of very wealthy families.”—Bernie Sanders

    “This country is a boiling cauldron of hatred and anger, and all it is going to take is just the right ‘spark’ to cause all of this hatred and anger to absolutely explode. “—Michael T. Snyder

    “Capitalism should not be condemned, since we haven’t had capitalism.”—Ron Paul

    “Brace yourself. The American empire is over. And the descent is going to be horrifying.”—Chris Hedges

    In Nicaragua and Venezuela, there are people from the slums who lifted themselves out of poverty by becoming full-time kidnappers. That’s their full-time job: kidnapping people for ransom. They’re very good at what they do. And kidnapping will be a major growth industry in the BRA, along with carjacking, drug trafficking and violent home invasions.

    The future looks incredibly bleak for The Banana Republic of America, wretched cesspool of the Third World.

  • AWSmith

    Ya’ll know whats scary?

    Lots of smart, intelligent replies on this thread.

    And not one ‘easy’ way to the other side of the revolution which is coming. The violence will not be directed at the government I suspect, but at each other. This is why I hate the house wife made us move into. Nothing but windows all over the place. Thats not even remotely a safe thing to think about in 5 more years.

    Watch what happens this winter with the “5%” (a lie – it will be 25% and 100% in some places) hike on food prices because we burn all the corn up for ethanol because tree huggers think its cleaner for the environment.

    Even without the 5% issue, in 200-1000 years (depends on who you ask), coal, oil, and natural gas will be rare commodities. And then, well… then you have to go for the nuclear materaials… when those run out its time to start mining for uranium on the moon.

  • Pissed Off US Army Retired

    Economics 101: The inferior products trend during a depression. Higher end businesses and sit down restaurants go down, while cheap crap and unhealthy fast food thrives becasue it is a lot cheaper. Hey, when the truthful unemployment rate climbs to nearly 18%, and minimum wage is all that can be afforded for hire…. Oh yeah, mostly due to new draconian taxes that are going to enslave this country to the US Government.

    I just retired from the Army in 2010; seems I wasted the last 25 years of my life. It’s obvious 52% threw away their freedom for handouts and big brother’s version of “security”.

    • Guido

      Hey, Pissed Off, it’s worse than you think. LA Times calculated in 2003 that we were already over 12% if you crunched the real numbers. I suspect the real number are horrifying when you add the actual number of “no longer looking for work” people to the underemployed and unemployed.

      • AWSmith

        1 in 4 people I know would like to have a job.

  • Buzzy Watts

    What makes this even more ridiculous is that people still refer to these jobs as “real jobs.” If these are the “real jobs,” what are the other 75%? Fake?

  • Gay Veteran

    “…big corporations to move jobs from areas where workers are very expensive (such as the United States) to areas of the world where it is legal to pay slave labor wages…” AND where it is legal to pollute the environment

  • Ziwtra

    “Well, if the economy is not producing enough good jobs, could starting your own business be the answer? Unfortunately, our politicians absolutely love to swamp our small businesses with taxes, rules and regulations.”

    It’s not just the regulations and taxes that make the creation of small businesses a delicate issue. Given the fact that you need a huge initial capital and a great enterpreneurship which not everyone has endowed, I consider going for my own business a risky decision. I have read that only a few start-up businesses make it to the top of the ladder, while the majority do not survive the first few years. That way, I might be better off investing my money in stocks when it comes to risk – and that does not require working 60+ hours a week. And most importantly: Small businesses have only a good chance to thrive if people have a large purchasing power. But as it is pointed out in this article, people’s median wages are declining while rent and other living costs are going up. Not an adequate environment to start own businesses.

  • mondobeyondo

    $18.50 an hour?!! That’s like a gold mine!
    I have never earned more than $13.00 an hour in my entire life.
    Apparently, I’ve been working at a lot of low-wage jobs…*sigh*

  • Trish

    How about being creative and looking at the available opportunities out there. After applying for over 300 jobs I started thinking outside of the “I need to find a Job” box. How about food storage as a financial investment and earning money with it too? My cousin is consultant for a food storage company. She is earning good money and gets a lots of free and 1/2 price stuff. Read more info at http://www.srcareers.com I am signing up too as soon as my kids are off to school.

  • A.S.

    Check Mate, Game Over. Play Again? Maybe not, because the U.S. sold the board.

  • Melvin hicks

    Psalms 146:3 Do not put your trust in princes, in mortal men, who cannot save. Psalms 118:8 It is better to take refuge in the Lord than to trust in man. Once again the word of the living God rings true even in our generation. We all long for peace, equality, and justice. We have been let down time and time again longing for qualities and godliness only God can provide. I understand now why Lord Jesus Christ has the right to rule as King of Kings and Lord of Lords. He said it would be like this in James 5:4 Look! The wages you failed to pay the workmen who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord Almighty. God sits high and looks low. Vengeance is mine and I will repay saith the Lord!

    • Riprake

      I’ve got some better ones for the situation at hand.

      “People curse the man who hoards grain, but blessing crowns him who is ready to sell.”
      –Proverbs 11:26

      “He who works his land will have abundant food, but he who chases fantasies lacks judgment.”
      –Proverbs 12:11

      “A man’s riches may ransom his life, but a poor man hears no threat.”
      –Proverbs 13:8

      “I will make boys their officials; mere children will govern them. People will oppress each other–man against man, neighbor against neighbor. The young will rise up against the old, the base against the honorable. A man will seize one of his brothers at his father’s home and say ‘You have a cloak, you be our leader; take charge of this heap of ruins!’ But in that day he will cry out ‘I have no remedy! I have no food or clothing in my house; do not make me the leader of the people.'”
      –Isaiah 3:4-7

      “Away with the noise of your songs! I will not listen to the music of your harps. But let justice roll on like a river; righteousness like a never-failing stream!”
      –Amos 5:23-24

      “Look at the nations and watch–and be utterly amazed, for I am going to do something in your days that you would not believe, even if you were told. I am raising up the Babylonians, that ruthless and impetuous people, who sweep across the whole earth to seize dwelling places not their own. They are a feared and dreaded people; they are a law unto themselves and promote their own honor.
      [...]
      They deride kings and scoff at rulers. They laugh at all fortified cities; they build earthen ramps and capture them. Then they sweep past like the wind and go on–guilty men whose own strength is their god.”
      Habakkuk 1:5-7, 10-11

      “‘Will a man rob God? Yet you rob me.’
      But you ask ‘How do we rob you?’
      ‘In tithes and offerings. You are under a curse–the whole nation of you–because you are robbing me. Bring the whole tithe into the storehouse, that there may be food in my house. Test me in this,’ says YHWH Almighty, ‘and see if I will not throw open the gates of heaven and pour out so much blessing that you will not have enough room for it. I will prevent pests from devouring your crops, and the vines in your fields will not cast their fruit,’ says YHWH Almighty.”
      –Malachi 3:8-11

      “So do not worry saying ‘What shall we eat?’ or ‘What shall we drink?’ or ‘What shall we wear?’ for the pagans run after all these things, and your Heavenly Father knows that you need them. But seek first His Kingdom and His righteousness, and all these things will be given to you as well.”
      Matthew 6:31-33

  • mtsaint

    The author left out the three most important factors for the loss of the Middle Class in this country. One, it was Reagan’s Free Trade policies that resulted in tens of millions of our factory jobs being exported overseas and to Mexico. Two, Reagan’s amnesty drew in another 38,000,000 illegal aliens, resulting in the loss of tens of millions low-end jobs to illegal aliens. And, third, the HlB visa program gave 17,000,000 of our high end jobs to foreigners, replacing educated American workers.

  • LLB

    I find the persistent quoting of Bible verses…really unhelpful.

    I also find it unhelpful to completely deregulate all business…when deregulation of the banks is what led to much of this in the first place. If Big Business is unscrupulous and greedy with a thin film of regulation that is supposed to protect the little people from it, what do you think will happen if there’s absolutely no regulation at all and Big Banks and Big Money can do Whatever They Want?

    • Webster

      Deregulation didn’t kill banks — overregulation of the housing finance industry did. Does the word “subprime” mean anything to you? The federal government pushed Fannie Mae and Freddie Mac to buy up subprime mortgages, so banks lent money to people who weren’t likely to be able to pay them back. The flood of money going into housing to meet the normal demand plus the artificial demand driven by the subprime mandate fueled the housing bubble, which eventually *had* to pop. That took down both the banking and construction sectors.

  • bob

    I’m with LLB on this. Stop quoting the Bible and start quoting modern facts. Thank you.

    • Webster

      When “modern facts” have failed, perhaps it’s time to turn to “tried and true” wisdom.

  • Matt

    It’s crazy how many people blame low level players like Presidents! The Presidents are not in control of anything! The plan is to make it seem like they are the bosses. Look at Obama’s bosses! Does anyone here even know who they are? Some do but most do not. Look into this and stop wasting your energy on figureheads! The real
    “bosses” set it up so that you can blame little guys like Obama. Obama and Romney know that they are little men actors on stage collecting a check. But most folks feel good because they can blame someone that they can see. Keep living the lie and you will never know what is going on!

  • Lydia Shambley

    Will the DFW area be on the list of possible sites for this exhibit?