22 statistics that you are about to read prove beyond a shadow of a
doubt that the middle class is being systematically wiped out of
existence in America.
The rich are getting richer and the poor are getting poorer at a
Once upon a time, the United States had the largest
and most prosperous middle class in the history of the world, but now
that is changing at a blinding pace.
So why are we witnessing such fundamental changes? Well, the
globalism and "free trade" that our politicians and business leaders
insisted would be so good for us have had some rather nasty side
effects. It turns out that they didn't tell us that the "global
economy" would mean that middle class American workers would eventually
have to directly compete for jobs with people on the other side of the
world where there is no minimum wage and very few regulations. The
big global corporations have greatly benefited by exploiting third
world labor pools over the last several decades, but middle class
American workers have increasingly found things to be very tough.
The reality is that no matter how smart, how strong, how educated or
how hard working American workers are, they just cannot compete with
people who are desperate to put in 10 to 12 hour days at less than a
dollar an hour on the other side of the world. After all, what
corporation in their right mind is going to pay an American worker ten
times more (plus benefits) to do the same job? The world is
fundamentally changing. Wealth and power are rapidly becoming
concentrated at the top and the big global corporations are making
massive amounts of money. Meanwhile, the American middle class is being
systematically wiped out of existence as U.S. workers are slowly being
merged into the new "global" labor pool.
What do most Americans have to offer in the marketplace other than
their labor? Not much. The truth is that most Americans are absolutely
dependent on someone else giving them a job. But today, U.S. workers
are "less attractive" than ever. Compared to the rest of the world,
American workers are extremely expensive, and the government keeps
passing more rules and regulations seemingly on a monthly basis that
makes it even more difficult to conduct business in the United States.
So corporations are moving operations out of the U.S. at breathtaking
speed. Since the U.S. government does not penalize them for doing so,
there really is no incentive for them to stay.
What has developed is a situation where the people at the top are
doing quite well, while most Americans are finding it increasingly
difficult to make it. There are now about 6 unemployed Americans for
every new job opening in the United States, and the number of
"chronically unemployed" is absolutely soaring. There simply are not
nearly enough jobs for everyone.
Many of those who are able to get jobs are finding that they are
making less money than they used to. In fact, an increasingly large
percentage of Americans are working at low wage retail and service jobs.
But you can't raise a family on what you make flipping burgers at
McDonald's or on what you bring in from greeting customers down at the
The truth is that the middle class in America is dying -- and once it is gone it will be incredibly difficult to rebuild.
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