Users Online Now:
GLP Poker Rooms
GiveMeGossip.com - Gossip Forum
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Marxist:MV8xNTc4NDI2XzMzMTI5MjE3X0I5MDUzQTZG] [quote:RoXY:MV8xNTc4NDI2XzMzMTIzNTAzX0NEODEzOUQ2] [b]American Middle Class Being Compressed Out of Existence[/b] by Charles Scaliger Wednesday, 29 August 2012 The record is becoming clearer and clearer: The Great Recession and its persistent aftermath have dealt the American middle class a blow from which it may take a generation to recover. For the last decade, household incomes have been declining steadily, according to a new report by Sentier Research, a respected Washington-area think tank. Much of the damage has been done since the official end of the Great Recession. From June 2009 to June 2012, median household income fell 4.8 percent, to just under $51,000. This represents a continuation of the middle-class hollowing out that has been underway since the beginning of the last decade. The Great Recession itself caused median household income to decline by 2.6 percent, and since January 2000, when it stood at more than $55,000, household income has declined by 8.1 percent. Worse still is the two decades-old erosion of median net worth. American households’ net worth has declined from an all-time 2007 high of $126,400 to a mere $77,300 only three years later — roughly what it was all the way back in 1992, at the beginning of the ‘90s tech stock boom. In other words, America has lost an entire generation’s worth of economic growth courtesy of the Great Recession, and isn’t likely to regain it in the foreseeable future. [b] CONTINUE: http://thenewamerican.com/economy/commentary/item/12651-american-middle-class-being-compressed-out-of-existence[/b] [/quote] The middle class is a Cold War myth. With the fall of the progressive forces of scientific socialism, there is nothing restraining the capitalist from fully implementing cost efficient capitalism, one which marries consumerism with global labour cost standardisation (benchmarked in low cost zones such as China and India.) [/quote]
Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.
NB: UPDATES AT LAST PAGE
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
ISIS issues a grave warning to America: We have scores of "trained soldiers" positioned in 15 states and we're ready to attack.
Top Scientist Resigns Admitting Global Warming Is A Big Scam
The UN’s Disturbing Vision Of The Future Of The Internet
VIDEO: Did A UFO Shoot Down The Russian Meteor?
VIDEO: McDonalds – The Ten Most Disgusting Things Found In Its Food
Amazon Indians Say Earth Has A Subterranean World Underground
KID TAKES OUT STEP DAD HITTING MOTHER (VIDEO)
A 10 Pound “Miracle” Fruit That Smells Like Rotting Onions and Tastes Like Pulled Pork Could Save Millions From Starvation
Experts Warn Of New Facebook 'Dislike Button' Scam
NASA To Reveal 'Major Science Finding' On Mars
Pope Francis: I'm Not A Liberal, My Doctrine Is The Doctrine Of The Church
Proposed Bill Would Cease Pay For Lawmakers During Government Shutdown
Pope Claims Jesus Failed On The Cross
Something Did Happen in September
North Atlantic 'Cold Blob' a Reason for Concern, Scientists Say
While Your Attention was Focused on the Pope, Obama Did This
Daily 2 Cents: Liquid Water Found On Mars -- 'Praying Mantis Being' Encounter -- The Joyita Ghost Ship Mystery
The Shemitah that was and the shaking to come - Exclusive: Jonathan Cahn explains key manifestations that have marked 2015
Facebook Sued For Spying On Citizens of Belgium “Like The NSA”
Scientists Make Breakthrough Discovery In Predicting Earthquakes
Susan Sarandon: Pope Francis Will Be Assassinated
Disturbing Report: CERN’s LHC Might Attract Asteroids To Earth
Bio-Warfare: The Man Made Origins Of Ebola And Aids
Pre-Kindergarten Teacher Tells 4 Year Old Being Left Handed Is Evil
The Scientific Reason ADHD Drugs Are Harmful To Children
This Flag Represents The Principle, "Fight For What You Believe In."
This Is The Rebel Flag, "You're Either Free Or You're Not."
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2015 Godlikeproductions.com
Page generated in 0.004s (3 queries)