This is a problem that has been building for decades and continues under the Obama administration.
Financial professionals politely call it redistribution of wealth.
Policies have been strangling small business creation to death, trade agreements shipped manufacturing jobs overseas to exploit cheap labor, capital for small businesses stopped, and as a result the number of Americans that are self-employed, as well as the number of People who have a full time job keeps going down. The 2008 financial crisis continues.
Check out these charts:
Keep in mind that throughout this entire time the U.S. population has been growing. Thus, the numbers in the chart above should be going up steadily as the population grows. Yet, the entrepreneurial numbers continue to decline. We are mindful that U.S. domestic manufacturing and worker participation has also declined.
This is systemic, this is problematic, this is policy…
Does This Look Like A Housing Recovery To You?
“homeownership rate in the United States has fallen to the lowest level in 19 years.” –Michael Snyder, on October 28th, 2014
50 Percent Of American Workers Make Less Than 28,031 Dollars A Year
This is more evidence of the declining quality of the jobs in this country. In many homes in America today, both parents are working multiple jobs in a desperate attempt to make ends meet. Our paychecks are stagnant while the cost of living just continues to soar. And the jobs that are being added to the economy pay a lot less than the jobs lost in the last recession. In fact, it has been estimated that the jobs that have been created since the last recession pay an average of 23 percent less than the jobs that were lost. We are witnessing the slow-motion destruction of the middle class, and very few of our leaders seem to care. –Michael Snyder, on October 23rd, 2014
The mainstream media is constantly telling us about the “employment recovery” that is happening in the United States, but the truth is that it is just an illusion.
As the chart above demonstrates, just prior to the last recession about 63 percent of all working age Americans had a job. During the last wave of the economic collapse, that number dropped to below 59 percent and stayed there for a very long time. In the past few months we have finally seen the employment-population ratio tick back up to 59 percent, but we are still far, far below where we used to be. To call the tiny little bump at the end of this chart a “recovery” is really an insult to our intelligence…
The Labor Force Participation Rate
The percentage of Americans that are either employed or currently looking for a job started to fall during the last recession and it has not stopped falling since then. The labor force participation rate has now fallen to a 36 year low, and this is a sign of a very, very sick economy…
Speaking of deceptive politicians and their bankster masters:
“We all know what to do; we just don’t know how to get re-elected after we’ve done it.” -former Luxembourg Prime Minister Jean-Claude Juncker