Bye Bye American Pie: 10 Reasons Why America’s Economic Pie Is Rapidly Shrinking

All over the mainstream media today, the wealthy are being pitted against the poor.  Those advocating for the wealthy claim that if we could just cut the taxes for the rich and make things easier for them that they will create lots of jobs for the rest of us.  Those advocating for the poor claim that the gap between the rich and the poor is now larger than ever and that if we could just get the workers to fight for their rights that we could get things back to how they used to be.  It is a very interesting debate, but it totally ignores a reality that is even more important.  America’s economic pie is rapidly shrinking.  As part of the new globalist economy, every single month massive amounts of U.S. wealth is being transferred out of the United States and into foreign hands in exchange for oil and cheap plastic trinkets.  In addition, every single month our national government goes into more debt, our state governments go into more debt and our local governments go into more debt.  The interest on all of this debt represents a tremendous transfer of wealth.  What most Americans fail to grasp is that our collective wealth is getting smaller.  There is now less of an “economic pie” for all of us to divide up. (Read More...)

Desperation Sets In: More Than 100,000 People Apply For Low Paying Flight Attendant Positions With Delta Air Lines

All across America, job seekers are becoming increasingly desperate.  Today, unemployed Americans often find themselves competing against hundreds or even thousands of other job applicants for the same position.  An absolutely stunning example of this happened recently when more than 100,000 people applied for just 1,000 open flight attendant positions with Delta Air Lines.  The starting salary for these positions is only “in the upper $20,000s”, and serving peanuts and sodas to cranky passengers can get really old really fast.  But this just shows how desperate people are becoming.  For many unemployed Americans, any job is a good job at this point.  Right now there are approximately 5 unemployed Americans for every single job opening, and 6 million Americans have been out of work for 6 months or longer.  When you get that many unemployed people fighting over so few positions the desperation in the air becomes almost palpable. (Read More...)

The 99ers

How much have things changed in America when we have to invent a new word to describe the hordes of Americans that have exhausted two years of unemployment benefits and yet still have not been able to find a new job?  In America today, there are at least 1.5 million “99ers” – American workers that have completely exhausted all of their long-term unemployment benefits and that still do not have jobs.  Some say that the true number of 99ers is actually much higher than that.  In any event, almost everyone agrees that we have a huge problem on our hands.  Unfortunately for the 99ers, the tax cut deal that Barack Obama has reached with the Republicans only extends the existing structure of long-term unemployment benefits.  It does not include additional weeks of benefits for the 99ers. (Read More...)

Is The U.S. Government The Last Great Source Of Middle Class American Jobs?

Once upon a time, private industry was the engine of the great American economic machine.  From coast to coast, expanding industries spawned massive cities filled with optimistic Americans who were able to achieve middle class lifestyles on the good jobs that American companies were providing for them.  The largest middle class in the history of the world had been created and it seemed possible for just about everyone to live the American Dream.  But today all of that has changed.  The private sector is being dominated by gigantic global corporations that have shown absolutely no hesitation to ship jobs overseas.  Millions upon millions of good jobs have been sent to China, India and the third world and they are never coming back.  Pay and benefits for middle class Americans working in private industry have been slowly eroding and are now at dangerously low levels.  Meanwhile, working as a “government servant” has never been more rewarding.  Today, the average government worker makes far more than the average worker in the private sector does. (Read More...)

Why Are The American People Mad? Maybe It Is Because Millions Of Their Jobs Have Been Lost To Outsourcing And They Aren’t Coming Back

As you read this, there are tens of millions of people in China, India and dozens of third world nations who would love to do your job for one-tenth the pay.  They are willing to work 12 hours a day.  They don’t expect a benefits plan or a pension package.  They aren’t going to waste countless hours chatting on their cell phones or updating their Facebook profiles.  All they want is a chance.  And increasingly, the big global corporations that dominate the world economy are giving it to them.  It is called outsourcing, and if you don’t believe that it can happen to your job, you might want to think again.  It is not just Americans who are chasing after the American Dream these days.  We now live in a global economy with a global workforce and the rules of the game have fundamentally changed. (Read More...)

BP Caught Exploiting Cheap Prison Labor To Clean Up The Oil Spill

BP has been caught red-handed using dirt cheap prison labor to clean up the oil spill along the coast of the Gulf of Mexico as thousands upon thousands of non-inmates beg for work.  So why would BP use prison labor when there are so many others who would gladly do the work?  Well, prison labor costs far, far less of course.  As bad as this is for BP’s public image, the truth is that we should not be too hard on them.  After all, exploiting cheap labor around the world has become an obsession for the big global corporations that dominate our economy.  To these gigantic global predators, the American Dream is not about providing good jobs so that middle class Americans can buy homes and send their kids to college.  No, to these behemoths the goal is to find the closest thing to slave labor that they can so that they can dramatically increase their profits. (Read More...)

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