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
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
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
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
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?
Top Pics:
I work in East Central Florida at the Kennedy Space Center, and I can tell you with great certainty that unemployment numbers given to us by the BLS [Bureau of Lies and Subterfuge] are complete and utter horseshit. I know this because I can see with my own eyes the desperation in peoples eyes as I wander the aisles at our local Wally World when I shop for groceries. I see the line outside of Florida Workforce [Labor Pool] waiting for a slim chance to be chosen to go out and get a day of minimum wage work. I see the homes being boarded up one by one, as if the population is slowly dying. I watch as store after store and business after business closes down because there simply is not enough folks buying to keep the doors open any longer. I am watching our own work force dwindle away one at a time. Where we once had a peak payroll of 120 persons, we now have a permanent workforce of around thirty full timers, and a part time force of four. I have laid off our office admin girl, the shop do-boy and fix-it man, the lawn guy and others. We now cut our three acres by ourselves [Managers] on Saturdays, and we alternate between ourselves. Costs for everything have skyrocketed, yet prices paid for our services have remained static, and in a lot of cases have gone down as a direct result of the dearth of money on the streets. The banksters get richer and we get poorer.
The middle class was once the envy of the civilized world, with everyone looking to the USA as the model of how to do it right. Now, we are shunned by the world as a militaristic war mongering has been. When the European Experiment comes to it’s only possible conclusion and violently implodes in upon itself, that will spell the end of our ride as global hegemon and bring about the beginning of our new role as beggar.
Thanks for your comment and eye-witness account from your location. Very well said…
While business and government policies certainly share a huge proportion of the blame for our troubles, I never hear anyone bring up the subject of techonoloy. The loss of middle class jobs because of technological advances goes back at least two hundred years but has in the last 40 years accelerated at a frantic pace. Mainly due to the computer and in the last fifteen years, the internet. How many jobs are disappearing in your comunity due too stores closing as people buy more and more on the internet. Think about all the robots building our manufactured goods. They are bringing to market “thinking” robots than can take over the few jobs left in manufacturing, such a packing and quality control. Cars are built by robots, Ships are assembled in large sections, each one assembled by automated cutting machines, welders, and painters. A friend of mine lost his typesetting job because it’s easier and cheaper on a computer. They are developing programs to replace paralegals. Surgeries are being done with robots. As you can see, it’s not just the blue collar jobs being destroyed. While collar worker are in the gun sights so to speak.
I think this is even bigger than foreign labor. Technology is a runaway freight train than won’t stop until it’s derailed and kills the passengers and everything in it’s path.
I do agree with you that technology has also been a factor. Having said that, during my previous ‘life’ when I spent some time working within ‘the system’, I witnessed first hand how the company was hiring Indian software engineers by an approximate 5 to 1 ratio. I believe the reason was because they would accept far less money on their contracts. It’s nothing against the engineers from India, it’s the system enabling cheaper labor.
Certainly though, robotics, computers and the internet have had very large influences on manufacturing and brick-and-mortar store fronts here in America. As compared with the other factors of our manufacturing decline (policies and cheap overseas labor), I’m not so sure as to the extent of comparison.
Soon there will be two classes in the USA,the elites and the serfs.That is the road we are on,that is the way the elites want it,that is why a lot of the jobs went to other countries that pay lower wages.the elites want everyone but themselves,to be on an equal standing all slaves.Keep your powder dry.
I don’t believe they actually want serf’s per se. What they want is our money, all off it. Which is exactly what’s is happening. All the money is flowing to the top, and to an ever shrinking number of people. I believe I read the Walton’s now have as much money as the bottom 40 percent of the american population. Tha’t mind bogling to me. Having said that, they are blinded by greed, never giving a second thought as to who are going to buy their products when no one can afford to buy them.
From 1950 through 2000, there was a strong middle class in America. Many folks had excellent jobs, and by frugality and intelligence, and hard work, could have successful careers even without a college education.
It was quite simple to manage on one income, and even as costs rose, then it was fairly simple for the mother in a family to only work part-time and after the main child rearing (perhaps entirely not working while the children were infants until about age ten).
Times changed, and middle class homes increased in size and ammenities and the acquisition of more land to go with that property. People wanted better neighborhoods, and so people moved to the suburbs in increasing numbers and away from the downtown regions.
The biggest killer to the middle class in America was GATT and NAFTA. Free trade destroyed America, for the globalists worked to get those passed and made competition with China all but impossible. How can you compete with slave labor?
Did you realize that some products are made in prisons and that many telemarketers are actually prisoners making slave wages?
There are no jobs. There is no future. It’s planning implosion. This is not capitalism anymore, but enriching the nouveau riche globalists who have billions. They perpetuate destructive policies and put up puppets as today’s political leaders, and we’re ruining America.
Who cares what happens to the old folks, for we had our day in the sun? What in the world will young people do? They have no future, and once they figure that out, despite spending a fortune on a college degree that can never be repaid by a job paying adequate salary, they won’t be able to own their own home, property, and have any autonomy whatsoever.
Perhaps they will be slaves to their new masters and credit/ATMs cards will all be replaced with EBT cards. I don’t doubt it whatsoever.
Will they be able to travel someday? Will they be able to purchase items that were common in my day? I don’t think so, and as a long time prepper of many decades, it is extremely discouraging.
Enslave a generation, and the next one will have no idea that they are slaves. It will be their new normal.
the sadistic agenda the government advocates with everyone under 40 to
exterminate those older than they are is thick in the universities…