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. (Read More...)
Anyone that was hoping for a “quick recovery” for the U.S. economy can forget about that right now. Yes, many states are attempting to “reopen”, but in most cases it will be a multi-stage process that takes many months to complete. Meanwhile, fear of COVID-19 is going to keep many Americans from conducting business as usual even after all of the restrictions have been finally lifted. Even now, many of the stores, restaurants and movie theaters that have reopened are seeing very, very few customers. Unfortunately, millions of small businesses are not going to be able to survive in such a depressed economic environment for very long. (Read More...)