Hourly Wages Down for the Month – Are Lower Paying Jobs with no Benefits the new Trend for Americans? 22 More Months like March and We’ll be Back to December of 2007.
For 26 long and arduous months the U.S. economy has been cutting jobs and setting up a situation where Americans had less and less money. This is problematic for an economy where such a large part of GDP growth comes from consumption. Yet on Friday we were notified that 162,000 jobs were added in the [...]
Economic Backward System: Better News for Employment if you work in the Financial Sector and U.S. Dollar Means Bad News for Wall Street. Financial Sector adds 86,000 workers while Manufacturing Slashes another 41,000.
The drop in the unemployment rate I’m sure is taken as good news by any American. No one wants to see their neighbors, family members, or fellow citizens lose their jobs. Yet seeing that the unemployment rate dropped to 10 percent and the U-6 rate came down to 17.3 percent, it is important to see [...]
The Corporatocracy: A New Economic System for the Connected Banking Sector and Political Elites. Providing the new Serfdom Massive Debt Servitude.
The typical American family is struggling with the current recession and is having a hard time pinpointing the nexus of the problem. Some try to argue the failures of capitalism but our current system is more of a corporatocracy. A system designed for the few by the few. Even Adam Smith argued that society would [...]