Without an abundance of good jobs, the middle class in the United States is going to shrivel up and die. Right now, rampant unemployment is absolutely killing communities all over America.
Click here to see the signs >
Hopelessness and poverty are exploding and many are now wondering if we are actually witnessing the slow death of the middle class. There simply are not nearly enough “good jobs” to go around anymore, and even many in the mainstream media are referring to this as a “long-term structural problem” with the economy.
The only thing that most working class Americans have to offer in the marketplace is their labour. If nobody will hire them they do not have any other ways to provide for their families. Well, there is a problem.
Today wealth has become incredibly centralized. The big corporations and the big banks dominate everything. Thanks to incredible advances in technology and thanks to the globalization of our economic system, the people with all the money don’t have to hire as many ordinary Americans anymore. They can hire all the labour they want on the other side of the globe for a fraction of the cost. So the rich don’t really have that much use for the working class in America anymore. The only thing of value that the working class had to offer has now been tremendously devalued. The wealthy don’t have to pay a lot for physical labour anymore.
Thousands of our factories and millions of our jobs have been shipped overseas and they aren’t coming back. The big corporations are thriving while tens of millions of ordinary Americans are deeply suffering. Almost all of the wealth being produced by our economy is going to a very centralized group of people at the very top of the food chain. The rich are getting richer and the working class is being systematically wiped out.
So the fact that we are facing rampant unemployment that never seems to go away should not be a surprise to anyone. Today, the “official” unemployment rate went up to 9.2 per cent even though a whopping 272,000 Americans “dropped out of the labour force” in June. The government unemployment figure that includes “discouraged workers” went up from 15.8% to 16.2%. The mainstream media is proclaiming that this was “a horrific report” because most economists were expecting much better news.
Well, guess what?
Things are going to get a whole lot worse.
More job cuts are coming. One recently released report found that the number of job cuts being planned by U.S. employers increased by 11.6% in June.
It is also being projected that state and local governments across the U.S. will slash nearly half a million more jobs by the end of next year.
Needless to say, things don’t look good.
Most people that still have jobs are desperately trying to hold on to them.
Employers know that most workers are easily replaceable these days, so wages are not moving up even though the cost of living is.
We are right in the middle of the worst employment downturn since World War 2. Jay-Z recently summed up the situation this way….
“Numbers don’t lie. Unemployment is pretty high.”
Jay-Z certainly has a way with words, eh?
If something is not done about the rampant unemployment in this nation, the death of the middle class will accelerate.
Most Americans just assume that the United States will always have a large middle class, but there is no guarantee that is going to happen. In fact, there is a whole lot of evidence that the middle class in America is rapidly shrinking.
Take a few moments to read over the facts compiled below. Taken together, they provide compelling evidence that the working class is being systematically wiped out….