The Extermination Of The Middle Class American Worker

May 22, 2013, by Ken Jorgustin

The Extermination of the Middle Class American Worker

The trends are continuing, the middle class is shrinking, there is no recovery, hardship and distress continues to mushroom, while more and more Americans slide into poverty only to become dependent on government to survive.

You are not hearing the truth from ‘official’ sources and the mainstream media. We are in the process of economic collapse, and many are now saying that the next major leg down is approaching fast…


 
Millions upon millions of jobs have been shipped to far reaches of the third-world where labor rates are pennies per hour… slave labor wages.

Businesses have been taking advantage of government policies which have been enabling higher profits for them and cheaper goods for us.

Our instinct is to blame businesses for the loss of American manufacturing. This is incorrect thinking… they are simply doing what businesses do… making profits. For those seeking blame, should rightfully be pointing the finger at our politicians, government policies and tax codes which are enabling the extermination of the middle class American.

 

Wages And Salaries As A Percentage Of GDP

Wages and Salaries as a percentage of GDP
image: theeconomiccollapseblog.com

This chart shows wages as a percentage of Gross Domestic Product (the monetary value of all the finished goods and services produced within a country’s borders). American workers are bringing home a smaller share of the economic pie than ever before.

 

 

Manufacturing Employment

manufacturing-employment
image: theeconomiccollapseblog.com

This chart shows that the number of Americans working in manufacturing today has only been worse in the 1930’s and early 40’s, even though the population of the country has more than doubled since then.

 

 

Labor Force Participation Rate

Labor Force Participation Rate
image: theeconomiccollapseblog.com

Unlike how our politicians and mainstream media manipulate the “unemployment rate” to go down by not counting those who have dropped off unemployment or who have given up, the chart shows the decline of the labor force participation rate which continues to plummet.

 

 

Consumer Credit

Consumer Credit
image: theeconomiccollapseblog.com

Americans are so desperate, that they are continuing to pile on the debt as shown in this chart. The acceleration of outstanding debt is a sign that ‘their’ economy is getting worse, NOT better.

 
The real economy for the American middle class is declining and the jobs are disappearing.

We have been living in an illusion of an ‘improving’ economy due to the propaganda from those who manipulate and cover up the facts that affect the middle class.

The unemployment figures are not as they appear due to the current way it is calculated. The stock market is not at all time highs because of good economic prospects but because of ‘too big to fail’ government policies and FED money printing. The FED is printing digital money to buy U.S. Treasuries… They have given a trillion dollars to foreign banks… They are manipulating markets through their proxies… It’s all an illusion, and the ‘real’ system is not going to hold together for much longer without major breakdown, shake-up, or reset.

Are you ready for this?