Monday, July 26, 2010
TheU.S. Middle Class Is Shrinking
Some "big picture" stuff from Yahoo.
There was a stat somewhere that showed that more people than ever work for the U.S. Government.
Quick, name one business the government "runs" that makes a profit...
The U.S. Middle Class Is Drastically Shrinking
For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together
In the United States, the average federal worker now earns 60% MORE than the average worker in the private sector.
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.
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