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10 Perspectives Into The Slow, Agonizing Death Of The American Worker

Tyler Durden's picture


Submitted by Michael Snyder of The Economic Collapse blog,

The middle class American worker is in danger of becoming an endangered species.  The politicians are not telling you the truth, and the mainstream media is certainly not telling you the truth, but the reality is that there is nothing but bad news on the horizon for workers in the United States.  In the old days, when the big corporations that dominate our society did well, that also meant good things for American workers since those corporations would need more of us to work for them.  But in the emerging one world economic system that our economy is being merged into, those corporations have other choices now.

For instance, the big corporations can now choose to limit the number of "expensive" American workers that they employ by shipping millions of jobs to the other side of the world.  And from their perspective, it makes perfect sense.  They can make much bigger profits by hiring people on the other side of the planet to work for them for less than a dollar an hour.  If they can get good production out of those people, then why should they hire Americans for ten to twenty times as much, plus have to give those Americans health insurance and other benefits? 

Another major factor in the slow, agonizing death of the American worker is technology.  We live during a period when technology is advancing at a pace that is almost unimaginable at the same time that it is steadily becoming cheaper and cheaper.  That means that it is going to become easier and easier for companies to replace workers with robots and computers.  As I have written about previously, it is being projected that our economy will lose millions of jobs to technology in the coming years.  Yes, some of us will still be needed to help build the robots and the computers, but not all of us will.  And of course the overall general weakness of the economy is not helping matters either. 

The American people inherited the greatest economic machine in the history of the world, and we have wrecked it.  Decades of very foolish decisions have resulted in the period of steady economic decline that we are experiencing now.

America is simply not the economic powerhouse that it once was.  Back in 2001, the U.S. economy accounted for 31.8 percent of global GDP.  By 2011, the U.S. economy only accounted for 21.6 percent of global GDP.  That is a collapse any way that you want to look at it.

Today, American workers are living in an economy that is rapidly declining, and their jobs are steadily being stolen by robots, computers and foreign workers that live in countries where it is legal to pay slave labor wages.  Politicians from both political parties refuse to do anything to stop the bleeding because they think that the status quo is working just great.

So don't expect things to get better any time soon.

The following are 10 amazing charts that demonstrate the slow, agonizing death of the American worker...

#1 Wages And Salaries As A Percentage Of GDP

Wages And Salaries As A Percentage Of GDP

As you can see, wages as a percentage of GDP are hovering near an all-time record low.  That means that American workers are bringing home a smaller share of the economic pie than ever before.

#2 Average Annual Hours Worked Per Employed Person In The United States

Average Annual Hours Worked per Employed Person in the United States

We are an economy that is rapidly trading good paying full-time jobs for low paying part-time jobs.  The decline in average annual hours worked that we have witnessed represents the equivalent of losing millions of jobs.  There has been an explosion of "the working poor" in the United States, and this trend is probably only going to accelerate in the years to come.

#3 Manufacturing Employment

Manufacturing Employment

As you can see, there are less Americans working in manufacturing today than there was in 1950 even though the population of the country has more than doubled since then.  The United States has lost more than 56,000 manufacturing facilities since 2001, and yet our politicians stand around and do nothing about it.

#4 Employment-Population Ratio

Employment-Population Ratio 2013

This is one of my favorite charts.  It shows that there has been absolutely no employment recovery at all since the end of the last recession.  The percentage of working age Americans that have a job has stayed under 59 percent for 44 months in a row.  How much worse will things get when the next major economic downturn strikes?

#5 Labor Force Participation Rate

Labor Force Participation Rate

This is how the Obama administration is getting the "unemployment rate" to magically go down.  They are pretending that millions upon millions of Americans simply do not want to work anymore.  As you will notice, the decline of the labor force participation rate has accelerated greatly since Barack Obama entered the White House.

#6 Duration Of Unemployment

Duration Of Unemployment

The average amount of time that it takes an unemployed worker to find a new job has declined slightly, but it is still far above normal historical levels.  It is a crying shame that it takes the average unemployed worker two-thirds of a year to find a new job, but this is the new economic reality that we are all living in.

#7 Delinquency Rate On Residential Mortgages

Delinquency Rate On Residential Mortgages

Since there are not enough jobs for all of us, and since our wages are not rising as rapidly as the cost of living is, a whole bunch of us are falling behind on our mortgages.  As you can see, the mortgage delinquency rate has only dropped slightly and is still way, way above typical levels.

#8 New Homes Sold

New Homes Sold

American workers also don't have enough money to go out and buy new homes either.  Yes, new home sales have rebounded slightly this year, but we are nowhere near where we used to be.

#9 Consumer Credit

Consumer Credit

Millions of American families continue to resort to going into debt in a desperate attempt to make ends meet.  After a slight interruption during the last recession, consumer credit once again is growing at a frightening pace.

#10 Self-Employment At A Record Low

Self-Employed As A Share Of Non-Farm Employment

Since there aren't enough jobs for everyone, why aren't more Americans trying to start their own businesses?  Well, the reality of the matter is that the government has made it exceedingly difficult to start your own business today.  Taxes, rules, regulations and red tape are choking the life out of millions of small businesses in the United States.  As a result, the percentage of self-employed Americans is at a record low.

As all of these long-term trends continue, the middle class will continue to shrink, poverty in America will continue to explode and government dependence will continue to rise.

The numbers don't lie.  Today, the number of Americans on Social Security Disability now exceeds the entire population of Greece, and the number of Americans on food stamps now exceeds the entire population of Spain.

We are in the midst of a horrifying economic collapse, and the next major wave of that collapse is rapidly approaching.


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Thu, 05/16/2013 - 20:41 | 3571258 syntaxterror
syntaxterror's picture

Control + P

Thu, 05/16/2013 - 21:02 | 3571309 Joe Davola
Joe Davola's picture

Not sure if it was slow or agonizing, but apparently meeting up with Kai from Dogtown in Times Square then having butsecs can lead to death also.

Thu, 05/16/2013 - 21:29 | 3571381 SafelyGraze
SafelyGraze's picture

these charts are *positive*, not negative!

for example, chart 1 shows that with the increasingly successful role of finance in the GDP, wages and salaries don't have to do so much of the heavy lifting.

chart 2 shows that workers are more efficient and are taking more time off to enjoy travel and music and talking with friends.

chart 3 shows that at long last we have relegated the boring and repetitive manufacturing jobs to others, so that we can engage in more information-oriented work.

charts 4, 5, and 6 are the most positive ones of all. it shows that the long-sought goals of leisure and retirement are being enjoyed by more americans than ever before, which means that fewer people need jobs.

charts 7 and 8 show that homeowners have so much confidence in their financial resources that they no longer feel obligated to pay mortgages on time. the added fees for late payment are no problem for most homeowners, which further boosts the financial sector. and with so many homeowners, fewer people are buying houses.

chart 9 shows this same confidence. americans are buying everything in sight, knowing they can always pay later.

chart 10 is fantastic. it demonstrates that companies are hiring so many people that practically no one needs to be self employed any more.

all in all, these charts show that the green shoots in the economy have matured into a lush forest.



Thu, 05/16/2013 - 21:39 | 3571406 Bollixed
Bollixed's picture

Did you just have sex with MDB?

Thu, 05/16/2013 - 21:57 | 3571449 trembo slice
trembo slice's picture

I laughed too soon.  MDB usually has me all pissed off, until I see it is MDB.

Thu, 05/16/2013 - 22:27 | 3571550 Van Halen
Van Halen's picture

What MSNBC article/White House Talking Points Memo/Office of Nancy Pelosi For Immediate Release/Democratic Underground fax did you copy/paste this from?

Thu, 05/16/2013 - 22:55 | 3571677 SafelyGraze
SafelyGraze's picture

that means you liked it!

nancy = inspiration

Thu, 05/16/2013 - 22:57 | 3571673 Chuck Walla
Chuck Walla's picture

So, as America has exported most of its low skill, low wage jobs, the Progressive's answer is to import millions of Hispanic low skill workers. Oh, and they'll pay taxes and won't be a burden on the state, either...


The real sticking point for Obama's social catastrophe plan, whereby the Progressives steal the last crumbs of power, is that stupid 2nd Amendment. 


Fri, 05/17/2013 - 07:47 | 3572255 Arius
Arius's picture

NO - that is not a fair comparison!

"The numbers don't lie.  Today, the number of Americans on Social Security Disability now exceeds the entire population of Greece, and the number of Americans on food stamps now exceeds the entire population of Spain."


YES - those numbers lie!  comparing USA with greece and spain is misleading; it doesnt take into account how large and populated the USA is; Greece is smaller than many of the US comparison!

Fri, 05/17/2013 - 11:22 | 3573029 Doubleguns
Doubleguns's picture

Those numbers lie. 


No they dont lie they are true. You just dont like the way it was compared. Please refrain from calling numbers liar's because they are incapable of lieing and it hurts their feelings. 

Thu, 05/16/2013 - 23:24 | 3571747 ceilidh_trail
ceilidh_trail's picture

Safygraze- Thanks for giving me the new perspective! I read your bio and know that you are one accomplished dude! I will be all in when the market opens at 0930. You forgot to mention the quantum leap in telecommunications- I can now order my dope from the comfort of my obamaphone whilst watching the Simpsons on my big screen...          /sarc

Thu, 05/16/2013 - 23:46 | 3571786 Rusty Diggins
Rusty Diggins's picture

Sounds like THE life!


Fri, 05/17/2013 - 01:15 | 3571925 theliberalliberal
theliberalliberal's picture

although the sarcasm is obvious to regular ZHs,  I am sure some CNBC reporter has just Ctrl + C'd this and will be the basis of tomorrow's segment on the economy.

Fri, 05/17/2013 - 06:33 | 3572175 myptofvu
myptofvu's picture

Jay Carney OUT...SafelyGraze IN...

Thu, 05/16/2013 - 21:26 | 3571343 otto skorzeny
otto skorzeny's picture

most people don't realize how much the US economy is propped up via direct and indirect govt spending-whether it be food stamps, or military spending to secure cheap oil, infrastructure spending , healthcare, anyone that draws a govt paycheck, exceedingly easy access to credit, etc- it is the ONLY WAY the US lifestyle is being maintained. when that is threatened/ends the guns will be turned inwards.

Thu, 05/16/2013 - 21:24 | 3571370 Son of Loki
Son of Loki's picture

Looks like a "jobless recovery" right?

Thu, 05/16/2013 - 20:41 | 3571260 B2u
B2u's picture

These graphs show how much Obama has failed.

Thu, 05/16/2013 - 20:48 | 3571277 Jumbotron
Jumbotron's picture

"These graphs show how much Obama has failed."

What a monumentally stupid remark.  That is so assinine as to create its own black hole of idiocy sucking into it all reason and logic.

Look at those charts again goes WAY, WAY beyond Obama...or Bush....or Clinton....or Reagan.  Although....they all had a hand in it.

It started in 1913.  And every year since it has gotten worse because of the collective year over year, decade over decade stupidity of the American Sheeple to know the root cause and do anything about it.

And you are certainly one of those stupid sheeple.

Thu, 05/16/2013 - 20:55 | 3571291 Deo vindice
Deo vindice's picture

I spent quite a number of years in management of various sized companies.

I can say without hesitation that the death of the worker was not slow, and it was only agonizing for both the customers and company owners.

When the union threatened to go on a "work to rule" I applauded and thought it would be wonderful ... productivity would go up by +/- 25%.

Thu, 05/16/2013 - 21:02 | 3571311 SubjectivObject
SubjectivObject's picture

fuckwad .... nice

Well how about this:  In any of the charts shown above, do you see even an inkling of diversion from the trend, a moderation of slope, even, during the Obaminator's administrations?  Shrub Cubed is clearly your phukkwahhd here. The con of hope and change realized.

You might recollect he did not nationalize a couple of big banks when he had the mandate, the Congress, and the chance on a silver platter, to do the right thing; a crime for which no curse can measure up to.

Thu, 05/16/2013 - 21:19 | 3571355 otto skorzeny
otto skorzeny's picture

Obama is a errand boy, sent by grocery clerks, to collect a bill

Thu, 05/16/2013 - 21:25 | 3571369 BLOTTO
BLOTTO's picture

I think it goes much much further back in time then 1913.


1913 was just a chapter out of the 'story' so far...and the years played out since the beginning somewhat like paragraphs and pages...


The problem imo, was right off the bat...not halfway thru 'the book'...


Thu, 05/16/2013 - 21:37 | 3571401 Jumbotron
Jumbotron's picture

"Well how about this:  In any of the charts shown above, do you see even an inkling of diversion from the trend, a moderation of slope, even, during the Obaminator's administrations?  Shrub Cubed is clearly your phukkwahhd here. The con of hope and change realized."



Almost too stupid to reply too...but I have a soft spot for the historically challenged.

Look at those charts again....VERY....VERY...slowly.  Particularly #1, #2, and #3.  They all peaked around the 70's....LBJ and Nixon.  Democrat and Republican.

Now....look VERY...VERY...slowly at charts # 6 and # 10.  Truman, Eisenhower, Kennedy.  Democrat, Republican, Democrat.

Now....think VERY...VERY...carefully.  Has the party in power mattered?

Let's is the makeup of the Party in Power (Executive Branch) since 1913.


Woodrow Wilson March 4, 1913 - March 4, 1921                 -    Democrat

Warren G. Harding March 4, 1921 - August 2, 1923             -    Republican

Calvin Coolidge August 2, 1923 - March 4, 1929                 -    Republican

Herbert Hoover March 4, 1929 - March 4, 1933                   -    Republican

Franklin Delano Roosevelt March 4, 1933 - April 12, 1945    -    Democrat

Harry S. Truman April 12, 1945 - January 20, 1953             -    Democrat

Dwight D. Eisenhower January 20, 1953 - January 20, 1961  -    Republican

John F. Kennedy January 20, 1961 - November 22, 1963     -    Democrat

Lyndon B. Johnson November 22, 1963 - January 20, 1969  -    Democrat

Richard M. Nixon January 20, 1969 - August 9, 1974           -    Republican

Gerald Ford August 9, 1974 - January 20, 1977                  -    Republican

Jimmy Carter January 20, 1977 - January 20, 1981            -    Democrat

Ronald Raegan January 20, 1981 - January 20, 1989         -    Republican

George H. W. Bush January 20, 1989 - January 20, 1993    -    Republican

Bill Clinton January 20, 1993 - January 20, 2001                -    Democrat

George W. Bush January 20, 2001 - January 20, 2009        -    Republican

Barack H. Obama since January 20, 2009                          -    Democrat


So.....8 Democrats have been President since 1913 and 9 Republicans have been president.  And not a SINGLE one has abolished the Fed. 
Not a SINGLE one has stood up to Globalism.

In was Taft (Republican and Skull and Bones member) who allowed the Bankers both American and European to hatch their scheme on Jekyll Island and let it run up the halls of Congress and Wilson saw in enacted.

When will you get through your exceedingly thick skull that it has nothing to do with Democrat or Republican, Bush or Obama.....but a multigenerational cabal of human beings in the halls of finance to create and mold a utopia for them and their families?

School is out and your dismissed.  Your homework assignment is to look this up for yourself.  And don't call me again.  I'm done with you.

Thu, 05/16/2013 - 21:53 | 3571435 newworldorder
newworldorder's picture

Whoever junked you is a troll. Thanks for speaking the truth. Most on this board do understand. There are howevever a core group of imbeciles who always see the smallest detail but fail to connect the macro dots of politics and economics.

What is happening to us is due to the elites desire for CONTROL, unhampered by "democratic princelples" as outlined in our Declarative documents. The American people have bee asleep at the switch for several generations, and its not about to change soon, if ever.

Thu, 05/16/2013 - 22:31 | 3571566 Van Halen
Van Halen's picture

Great point! What I have been telling a lot of people - it's very hard for them, even us, to understand that there are (in the US) about 3000 of them running 320 million of us. The common theme in those 3000 is that their every waking moment is concentrated on two things: Money and Power. They will stop at NOTHING to realize those goals.

Fri, 05/17/2013 - 02:38 | 3572006 Bananamerican
Bananamerican's picture

the lure of partisanship is very appeals to the compelling urge in judeo-christian Peoples to distinguish between "right and wrong"....

Unfortunately "right and wrong" are like Russian nesting dolls...and the biggest doll, "finance", contains all the rest...

Fri, 05/17/2013 - 06:03 | 3572142 prains
prains's picture

where the Glitchez gets confused is the "social" issue part of the agenda. The Dem/Repub dynamic is:

1. BOTH do the bidding of the corporate oligarchs thru regulatory capture

2.BOTH choose very distinct and separate sides of "social" issues as they are worthless contrivances to an Oligarch and only serve their ultimate purpose of distracting the masses while they get robbed blind

Thu, 05/16/2013 - 22:25 | 3571536 Oldwood
Oldwood's picture



This is a gang turf war and with any such war it requires either a certain level of public support or at least public indifference. One gang has attempted to hold its support through the enrichment of the producers. the business people, and using their earning powers to gain power. The other gang has used the power of mass public support through agitation and handouts. Both gangs have actively been destroying the economy through different methods and sometimes in even more destructive behavior, through cooperation. While many of these “gangsters” will say all of the right things, there actions speak much louder. Obama was elected for many reasons but one main one that many at least rationalized was his promise of action against corruption and entrenched political powers, but what we have seen is anything but. The only solution is to eliminate the gangs. Nonviolent civil disobedience. I doubt we will develop the courage until it’s far too late.

Thu, 05/16/2013 - 22:29 | 3571555 GeorgeHayduke
GeorgeHayduke's picture


HAHAHA! Excellent post for the morons here.

Unfortunately when they reach this part of your post: "Now....think VERY...VERY...carefully." they are way out of their depth. They don't think, they just spew back the usual talking points they hear during their daily media brainwashing. Not that they had any thinking going on before the brainwashing.

Nice try though but folks like this dude don't do research, they already have it all figured out.

Fri, 05/17/2013 - 01:44 | 3571959 Unpopular Truth
Unpopular Truth's picture

Indeed, that is the big picture. Sigh. But we are all afraid to vote, say, Ron Paul, beacuse the other party might win, and our issue might lose...

Fri, 05/17/2013 - 09:41 | 3572614 roadhazard
roadhazard's picture

You will learn that you can not talk about any involvement by repubicans in the destruction of America in this forum without  getting a slew of down votes. This place is 99% right wing. Get used to it.

wingers crack me up.

Fri, 05/17/2013 - 03:58 | 3572057 dark_matter
dark_matter's picture

OK, Obama is worthless. But do you really think McCain or Romney would have been better? Would either of those guys have done the right thing?

Thu, 05/16/2013 - 21:16 | 3571348 freewolf7
freewolf7's picture

The charts help.
I just thought it was me.

Thu, 05/16/2013 - 21:36 | 3571396 Parisnights
Parisnights's picture

And you are certainly one of those stupid sheeple

Negative 1 for walking out of your anger management class and logging on here.

Thu, 05/16/2013 - 21:41 | 3571416 Jumbotron
Jumbotron's picture

If more people got rightously angry and called out stupidity the moment it was found and heaped shame on stupid people the better this place would be.

Fri, 05/17/2013 - 06:10 | 3572148 Headbanger
Headbanger's picture



See ya!

Fri, 05/17/2013 - 10:37 | 3572812 Jumbotron
Jumbotron's picture

Since you referenced it......"I'm Madder Than Hell And I'm Not Going to Take It Anymore".....from the movie Network.....

here's the truth of it all.....also from the same movie.....

"The World is a Business"     

And from the same movie....

"Its The Individual That's Finished"


Thu, 05/16/2013 - 20:42 | 3571263 surf0766
surf0766's picture

All the communists men



Thu, 05/16/2013 - 20:45 | 3571267 buzzsaw99
buzzsaw99's picture


Thu, 05/16/2013 - 20:45 | 3571269 syntaxterror
syntaxterror's picture

Chart number 9 depicts the one constant throughout the last four decades: the exponential ability for the consumer zombies to increase borrowing to infinity to finance the consumption orgy.

Thu, 05/16/2013 - 21:03 | 3571312 Yes_Questions
Yes_Questions's picture



The ability to borrow is first dependent on available credit.

Someone thought it was a good idea to put workers lo whole countries in unpayable, defaut assured debt.

Chart 9 would have been more vertical had it been totally up to the "lending" side of all this.



Thu, 05/16/2013 - 21:49 | 3571431 IPA
IPA's picture

This weak started getting 0% for 14 and 15 months offers for new credit cards. Hard to resist.

Thu, 05/16/2013 - 22:11 | 3571491 Yes_Questions
Yes_Questions's picture



Impossible for any of us broke consumers of shelter, food, water, fuel and clothing.



Thu, 05/16/2013 - 22:49 | 3571649 Help Is Not Coming
Help Is Not Coming's picture

This weak started getting 0% for 14 and 15 months offers for new credit cards. Hard to resist.

If you get a Chase Rewards card with 0% for 15 months can you use the card to buy Silver Eagles? Then use the reward points to buy more Silver Eagles? 15 months from now sell enough of the coins to pay off the debt. That somehow seems fitting.

Fri, 05/17/2013 - 11:51 | 3573108 trichotil
Thu, 05/16/2013 - 20:49 | 3571279 Haloween1
Haloween1's picture

Words of impending doom -

"We are the wealthiest country in the world.  Certainly we can afford to (fill in the blank)."

Thu, 05/16/2013 - 22:17 | 3571512 Yes_Questions
Yes_Questions's picture



Drone innocent children abroad.

Force oil rich countries to over produce and sell for our paper, fiat currency

Force labor rich countries to hold vast amounts of our debts

Abandon the working class.




Fri, 05/17/2013 - 13:31 | 3573423 LongBallsShortBrains
LongBallsShortBrains's picture

Not in that order for God's sake!!!!

Thu, 05/16/2013 - 20:53 | 3571285 Dr. Engali
Dr. Engali's picture

Chart number 9 annoys me most of all. It's not bad enough that the bankers have extracted the wealth out of the nation and turned it into its current status, now they continue to pick the carcass clean.

Thu, 05/16/2013 - 20:53 | 3571288 Seasmoke
Seasmoke's picture

The motherfuckers took the heart out of self employment

Thu, 05/16/2013 - 21:22 | 3571366 Dr. Engali
Dr. Engali's picture

They took the heart out of everything. All that's left is a zombie land full of walking debt slaves. It's sickening.

Thu, 05/16/2013 - 21:30 | 3571385 otto skorzeny
otto skorzeny's picture

I'm reminded of that every day-there is some bitch in our neighborhood that is a cop for the Illinois Commerce Commision and has a little cop car and a cop costume and gun to complete the ensemble

Thu, 05/16/2013 - 23:41 | 3571780 ceilidh_trail
ceilidh_trail's picture

Municipal mafia workers all like to flash their little badges and throw their weight around at the people who are forced to pay their salaries. The zoning bitch in my town loves to flash hers. They love that control and power trip.

Thu, 05/16/2013 - 21:43 | 3571412 Ignatius
Ignatius's picture

"The motherfuckers took the heart out of self employment"  So true.


A continuing assault by corporations to squeeze out any and all competition. 

People generally hate regulation, but it keeps expanding

Who's in charge here?  CORPORATIONS.

They want the regs or they wouldn't be there.  Hell they write 90% of them.

And they support politicians - cynically - who vow to 'cut the red tape'.

What a fucking scam.

Thu, 05/16/2013 - 22:23 | 3571532 Yes_Questions
Yes_Questions's picture



Yep.  Anyone who thinks regulations mitigating small business formation is due to political incompetence is not paying attention.


They don't want the competition.  Especially now since so much talent has been laid-off and could start enterprises drastically reducing market share of former employers.  

Thu, 05/16/2013 - 21:55 | 3571439 Magnum
Magnum's picture

There are so many opportunities to be self employed in America its not even funny.  My 14 year old son supports himself writing android code snd repairing cell phones.  My 70 year old mother just sold her small business and started a new one in her spare time making tie dye and selling in coffee shops.  My daughter runs a weekend market stand.  It takes a certain drive and work ethic and attitude and chutzpah.  I will say the US citizen doesnt think like they used to.  They want handouts and wages.  Short on ideas and drive.  This Michael Snyder could use a new shctick.

Thu, 05/16/2013 - 22:06 | 3571479 Oldwood
Oldwood's picture

Of these small businesses you refer to, do they pay taxes and employ people or are they what we would more likely consider an underground economy business, working is cash? That type of business was they only kind that survived in Soviet Russia. I hope that is not you sign of prosperity. I do agree that Americans are coming up short on drive, but this is not a genetic defect but a learned one. We live in a society that rewards poor productivity and punishes the opposite.

Thu, 05/16/2013 - 23:28 | 3571754 Magnum
Magnum's picture

There is a huge conscious movement AWAY from mega conglomerates and toward buying local, supporting the little guy, buying from small companies that have created their own liitle brand.  You'd have to be nearly blind not to notice it.  There are probably more opportunities to start a little deal and grow it today, than there ever have been.  Couple that with the fact that the younger generation can NOT FIX ANYTHING on their own.  Shit all you have to do is apprentice for 6 months under someone who can do repairs or a trade, and you are off and running.  You just need to go out and knock on doors.  It's really sad to read the sentiment of people who think there's no hope. 

Fri, 05/17/2013 - 01:07 | 3571916 Larry Dallas
Larry Dallas's picture

You can find virtual labor for anything on sites like or

Start a website for Pete's Sake and sell more crap online. Get a Square merchant or PayPal.

But Americans don't like to think, by and large.

Thu, 05/16/2013 - 22:34 | 3571580 Van Halen
Van Halen's picture

It's easy to get really negative reading this stuff all day. Your post is heartening. I would summarize it by saying, don't give up. Every disaster presents all kinds of opportunity.

Thu, 05/16/2013 - 22:43 | 3571621 Magnum
Magnum's picture

Thanks.  I wont go into specifics about my own company but it basically blows M Snyder and his shit piece of literature to pieces.  I am very well traveled and it is true that small business is easier in some countries but overall there are huge opportunities here.  

Thu, 05/16/2013 - 23:04 | 3571703 Oldwood
Oldwood's picture

And there always will be. Just fewer and less huge. I'm not saying we should stop trying but anyone can see it is becoming more difficult and less appealing to have a real business with legal taxable identity. Look at Greece. Lots of "self employed" there too. Selling used clotehs on the corner. The great Depression had lots of small business people too, like selling pencils and apples on the corner. Just saying, It is far from good and trending worse. I've had my own small business for 30 years. I know something of what I speak.

Thu, 05/16/2013 - 23:34 | 3571769 Magnum
Magnum's picture

Cool.  I am amazed at how many people do NOT have their own business.  In fact my kids are in public schools, we are engaged in all kinds of sports, etc.  I run into all kinds of people and none of them have their own business.  When I tell them I have my own company they kind of look at me like an endangered species, but anyone can do it.  Look at my 70 year old mom for Christ sakes.  Look at my 14 year old son. 

In terms of bureaucrats, perhaps I've been lucky or just have a good approach, but the people in government welcome me with open hands, granting licenses and permits and whatever, maybe because there are so few of people like me.  Never had a problem with the govt. 

Having said all of that, I agree very much with what you said and in fact I want to LEAVE this country and start a business somewhere else.  That to me is the ultimate challenge.  Look at all the Vietnamese, Indians, Mexicans, etc, coming to USA and making it big.  Yes they exist!  And I want a piece of that satisfaction.  I am on one hand very disgusted with the way my tax remittances are used by uncle sam (my company generates a lot of tax revenue), and on the other hand I want to take on the challenge to be an American who made a business in another country.  So I have been pursuing that for quite awhile and intend to go for it before long.  If it doesn't work out I can come back and easily start a new in good old USA.

Fri, 05/17/2013 - 07:00 | 3572190 YHC-FTSE
YHC-FTSE's picture


I think your family's whole ethos on finding creative work should be applauded. I know that running a small business can be a rewarding as well as a stressful experience and it seems to me you set a good example for others to follow. 

Sure, as long as there are people,  they will have to consume and creative people will find ways to supply demand. But we are rapidly approaching a point where suppliers are extending credit beyond any ability to recoup to the consumer/b2b client, and competition for jobs/customers are so fierce, creative differentiation cannot compete with price drivers. It is the model of the multinational to buy or destroy all competition,  sometimes do both. 

Thu, 05/16/2013 - 22:16 | 3571507 TheMeatTrapper
TheMeatTrapper's picture

The motherfuckers took the heart out of self employment

One of my clients imports auto rims from China - the kind of gharish, ghetto stylish rims that are hugely popular in predominantly Democratic neighborhoods. They are also hugely expensive. 

He told me that they had a customer who came in week after week, and paid cash for several sets of rims - to the tune of five grand a week or so in rims. As it turns out, the guy is an ex drug dealer that decided to go clean. 

He rents rims to ghetto goblins. The gang bangers rent a set of rims for their ride for a week or two, then they turn the rims in and rent a new set for a few weeks. This way they can run around and brag about buying a new set of wheels every other week, implying that they are making money hand over fist and can easily afford it. 

Being an ex con, if somebody doesn't return the merchandise on time, he has ways of making them hurt. 

The guy is making a fortune. In cash. No taxes, and is clean as a whistle as far as drugs go. 

And silly me get's up every morning and goes to work. I need to get a real job. 

Thu, 05/16/2013 - 20:58 | 3571297 Bangin7GramRocks
Bangin7GramRocks's picture

What's the big deal. Paper shuffling stock/bond gamblers are doing fine. That is all that matters in this country. Keep Calm and Trade On!

Thu, 05/16/2013 - 21:00 | 3571305 max2205
max2205's picture

We r fucked

Thu, 05/16/2013 - 21:46 | 3571424 earleflorida
earleflorida's picture

no were not,... we're just being methodically euthanized by emasculation!?

Thu, 05/16/2013 - 21:01 | 3571306 Oldwood
Oldwood's picture

All you have to do to destroy an economy and its society is to incentivise bad behavior. Raise taxes on corporations while subsidizing people who are shat out of the economy while telling them it is all totally cool. Then all you have to do is villify those who manage to prosper in an obviously corrupt system to shut the whole thing down. The only ones left to participate will be the criminals and they will own our asses.

Thu, 05/16/2013 - 21:02 | 3571310 CrashingDollars
CrashingDollars's picture

The trail of tears streches on.

Thu, 05/16/2013 - 21:04 | 3571317 Brian
Thu, 05/16/2013 - 21:08 | 3571327 prains
prains's picture

the evidence is overwhelming; the oligarchs have ALL the cash and are laughing at you poor stupid fucks. Time to get off the couch and get busy

Thu, 05/16/2013 - 21:14 | 3571334 They trynna cat...
They trynna catch me ridin dirty's picture

You think that's bad, you ain't seen nothin' yet baby!!


Amnesty for hordes of third worlders, open borders for even more third worlders to follow their relatives and tribesmen who got amnestied in, and now foreign governments lobbying the US congress for more visas for their workers to come to the United States, exploit our economy and send the money back to their hole.  Congress is solving other countries internal problems with US immigration law.

Like Michael Burry stated in the vid posted earlier, be ready for a neckbreaking reversal in quality of life in every facet of life: health care, education, public safety.  If you thought the 1965 Immigration Act and LBJ's welfare society changed the face of this country for the worse, you ain't seen nothin' yet.

Thu, 05/16/2013 - 21:27 | 3571376 Dr. Engali
Dr. Engali's picture

For God's sake, what's it going to take for the American people to get busy and take care of these fuckers?

Thu, 05/16/2013 - 21:39 | 3571410 newworldorder
newworldorder's picture

Nothing. Pitchforks will come out only when food delivery and water on tap stop functioning.

Thu, 05/16/2013 - 21:41 | 3571415 nmewn
nmewn's picture

Bring me your tired, huddled masses yearning to be coddled by the government agencies erected here.

I raise my lantern beside the golden voting booth so that you may know your new master. 

Thu, 05/16/2013 - 21:49 | 3571427 freewolf7
freewolf7's picture

It's not bad enough.

Mass hypnosis.
And when I try to awaken them,
they get angry.
Shoot the messenger.
All I can do is try.

We are getting there,
but it's like watching
an accident in slow motion.

Thu, 05/16/2013 - 21:12 | 3571338 Jumbotron
Jumbotron's picture

Corporatism and socialism sitting in a tree.


First comes love...then comes marriage.

There they all go with fascism in the carriage.


Thu, 05/16/2013 - 21:34 | 3571367 Supernova Born
Supernova Born's picture


Thu, 05/16/2013 - 21:15 | 3571344 geekgrrl
geekgrrl's picture

Looks like I'm joining the crowd. Got my layoff notice Monday.

One really bad quarter due to a series of management mishaps and they brought in the slash and burn folks, who have no idea what they are throwing away (the people who actually know how to design things). Yet somehow, all the ten layers of management above me escaped unscathed.

Well, at least in three months I will no longer be a taxpayer and I can do my part to help bankrupt the government. Maybe I'll apply for SSDI :-)

Thu, 05/16/2013 - 21:22 | 3571368 otto skorzeny
otto skorzeny's picture

wife is in healthcare(NP)-she got her 2 weeks notice today

Thu, 05/16/2013 - 22:13 | 3571496 WillyGroper
WillyGroper's picture

NP , ur shittin me? Are they contracting imports?

I guess those lucky enuf to get medical will be receiving vetinary. NP's are all I've seen (twice) since 07. 

We're so screwed.

Thu, 05/16/2013 - 21:39 | 3571407 Parisnights
Parisnights's picture

Join the shadow economy and give the irs ----Nothing.  It's actually a little better than working for yourself than anyone else anyway.

Thu, 05/16/2013 - 21:48 | 3571426 Jumbotron
Jumbotron's picture

Actually....we should ALL do a version of Atlas Shrugged and purposely get fired.....tell the boss to shove it up his or her ass before they have a chance to do it to you.

Then get that welfare

Get that disability

Get that SNAP card

Get that Social Security

Get that subsidized house and phone and cheese and whatever the hell the government is giving away.

Simply destroy the beast by using every tool they use against us everyday.  Thievery.

Elect every Democrat you can.  Everyone who is old enough sign up to AARP.

You cannot kill this beast with your ballot or your bullet.  Use the poison it generates against it.  Become the cancer itself.  Make the snake eat its own tail. 

Accelerate the process.

Thu, 05/16/2013 - 21:59 | 3571456 Oldwood
Oldwood's picture

You have missed the point of this whole exercise. The whole goal was always to create a public demand for more and more benefits until the economic system collapses in on itself. This is how they intend on taking full control of the system. Look at how it was done in Russia and China. Impose policies that crash the economy and using this crisis to impose tyrannical controls. Be careful for what you wish for. There is no reset. Only bad to worse.

Thu, 05/16/2013 - 22:46 | 3571634 Jumbotron
Jumbotron's picture

Good point.

However, my hope is that when they REALLY get naked in their power grab if your scenario comes true (and historically you are correct) then maybe even the stupid sheeple will finally wake up and do what is necessary.

Thu, 05/16/2013 - 22:47 | 3571639 Jumbotron
Jumbotron's picture

Sorry....I let a bit of hope out.  That was a false flag on my part.  Won't happen again.

Thu, 05/16/2013 - 23:08 | 3571710 Oldwood
Oldwood's picture

Nothing wrong with hope. It just needs a bit of reality to pin to. We can hope people wake up before its too late, but that may be a bit too much to hope for. Livin the dream.

Fri, 05/17/2013 - 16:09 | 3571759 Jumbotron
Jumbotron's picture

"We can hope people wake up before its too late, but that may be a bit too much to hope for. Livin the dream."


Fri, 05/17/2013 - 05:27 | 3572125 August
August's picture

Tools down now.

Thu, 05/16/2013 - 22:32 | 3571569 Yes_Questions
Yes_Questions's picture



Enjoy the transition, day drink, post on ZH.  Avoid bathing for a few days and touch yourself inappropriately to bad daytime TV.


Belch and Fart.


When you wake from bender 25, you'll regret having worked at Gattaca in the first place.


I think you're already awake generally, so you won't need to get to bender 50.



Peace and Love





Fri, 05/17/2013 - 01:02 | 3571908 geekgrrl
geekgrrl's picture

Thanks YQ. It's all good.

Thu, 05/16/2013 - 22:39 | 3571605 Oldwood
Oldwood's picture

Corporations only care about short term issues as that is how management keeps their jobs. They see themselves as the brain of the body and will willing amputate virually every limb to preserve the brain, while never thinking about how they will feed themselves tomorrow. The short term thinking illness is killing us all.

Thu, 05/23/2013 - 02:02 | 3590999 geekgrrl
geekgrrl's picture

Your description reminds me of the Black Knight from The Holy Grail: "Tis but a scratch!"

You are right, of course. People, like institutions, are primarily concerned with their own self-preservation in the short-term, especially when threatened. I guess saying this will all end badly would be redundant?

Thu, 05/16/2013 - 21:19 | 3571358 adr
adr's picture

The American worker can't come back unless margins return to historical norms. It is unrealistic to expect to have a self supporting economy when retail margins are bewtween 60-80% on most of what's sold.

Say we pass some protectionist laws, place massive tarriffs on imports, and put Amricans back to work. Labor costs will cause the retail price to go up 50-60% based on current margins. If it is possible to find workers with the skills to manufacture the goods.

Labor cost as a percentage of the manufacturing cost per unit isn't all that much. Manufacturing a pair of socks in the USA only costs about $.10 more than China. But when the price you must sell to Walmart is $.80 a pair, that $.10 is a large chunk. Could Walmart pay $1 for the pair, HELL YES THEY CAN, the retail is $2 a pair. But then Walmart loses margin and that just isn't acceptable to Wall Street.

The other problem is the USA is now built on big box retail. The logistics of keeping the behemoth fed costs 50% of the retail profit. Much of this is because 70%+ of the inventory on the shelves never moves. The 30% that does sell must carry the weight of the 150k+ sq ft of wasted space. When you had Jim's Appliance store on the street corner. He had maybe 1000 sq ft. Maybe five employees, mostly family. His overhead was around 15% of the retail price, he made 10-15% profit. Overall dollars were equal, on a $10 product he made $2, and the vendor made $2, the product most likely cost $5-6 to make. With equally distributed margins, there was enough room for the entire supply chain to pay decent wages. There really wasn't enough for anyone to get filthy rich. It kept balance.

Now a vendor is lucky to make $1 profit off a $10 retail item. Walmart makes $6-7. How is that anywhere near equally distributed margins?There is no incentive for a vendor to make a quality product because thereis no profit to be made. There is barely any reason to be in business.

The driving force of business no longer becomes product and commerce, but how to build share value through the stock market. If you can't make money selling product, the only way to create capital is to sell shares. Leading to fraulent books, funny accounting, CNBC, Jim Cramer, Blackrock, and the rest of the bullshit ponzi apparatus.

That is why the stock market is all that matters anymore. It is the only path to wealth left. Even if it is 100% bullshit.

Hard work and American labor will never return until the only path left to wealth is hard work and actual production of goods based on demand. Essentially a return to Capitalism. But that would mean making men like Buffet, Dimon, Blankfein, etc penniless. Really is that so bad?

Thu, 05/16/2013 - 21:25 | 3571371 otto skorzeny
otto skorzeny's picture

Bernank knows the stock market is the be-all and end-all- if that goes so does the big pensions and insurance companies- it's a house of cards

Fri, 05/17/2013 - 01:26 | 3571854 MisterMousePotato
MisterMousePotato's picture



The same is true about the whole illegal workers needed on farms thing.

It's probably been about 15 years now, but a real study was done concerning field labor costs as a percentage of the cost of produce by [I think it was at USC, but wherever it was, it was no hotbed of conservatism, that I do recall].

Field labor, it turns out, is about 15% of the cost of your head of lettuce. And field laborers are not paid as little as what most people seem to think. In fact, from personal experience in the orange groves of Florida several decades ago, I know for a fact that it can actually pay pretty damn well if one is willing to work, if not all that hard, at least pretty hard and pretty diligently for more hours than, oh, say, your average government employee puts in.

The study went on to conclude that, before we would all be subjected to the dreaded Five Dollar A Head lettuce, field labor wages would have to rise to $500 an hour or thereabouts (literally).

In other words, it's pretty damn obvious that there is some room here to increase wages, here in America, for Americans, without making lettuce or strawberries unaffordable.

For that matter, someone point out to me the dreaded consequences of allowing field labor wages to rise. To $20 an hour or $30? All of a sudden, there's a glut of good paying jobs here in the Central Valley of California. That's bad? Well, sure. It'll mean that your socks or your lettuce are going to cost ten or twenty cents more. So what? At least compared to the pathologies associated with illegal immigration? Or taxpayers picking up the tab for making that labor life sustaining?

Well, Americans are lazy and etc. Mexicans work hard. Right?

About ten years ago (right around the time of George Bush's amnesty push), there was an article in The Wall Street Journal, I think it was, that went into some detail about a [I think it was a nursery in California] where, every April, a slew of Mexicans arrived (legally) to work until November or thereabouts. They lived in barracks type accomodations provided by the company and were paid $12 an hour.

Now, I'd be the first to admit that that doesn't sound particularly appealing. (Perhaps I'd feel differently if I or my family were starving, but we're not.)

However, in the article, they interviewed a few of the Mexican field hands, and one of them was a little surprised, saying, "Are you kidding? This is great. I can make more money here in a day than I can make in a week back home [(in Mexico)]."

See what the problem is? We pay Americans $12 an hour, but we pay the Mexicans - what? - $80 an hour?

For $80 an hour, I'll live in a barrack and pick strawberries like a motherfucker. All day long.

And for that kinda dough, I guarantee you that I would have no problem filling the bus with enthusiastic and grateful workers no matter where I go ... the parking lot of Beverly Hills High School or the EBT line on Michigan Avenue in Detroit.

Fri, 05/17/2013 - 07:17 | 3572212 YHC-FTSE
YHC-FTSE's picture

Some bright spark must have thought how great it would be if we moved all the smelly manufacturers out and built an economy on services, where every citizen could pretend to be Michael Douglas in Wall St., (when they weren't designing i-shit in a fancy studio), and the growing entitlement brigade could take the free time to improve their minds. That worked out really well.

All that is needed for true hell on earth is a well-meaning charismatic puppet to come along to centrally manage the global economy,  with Maoist doctrines on citizens to work hard so that preferred industries like banks, electric cars, solar, and more banks can be bailed out forever. Wait a minute. 

Thu, 05/16/2013 - 21:31 | 3571386 Oldwood
Oldwood's picture

And yet, very few are economically forced to buy cheap foreign made shit. We did this to ourselves, collectively. Granted there were plenty of people lined up to take advantage of our personal greed for the good deal, but we did this.

Thu, 05/16/2013 - 22:46 | 3571636 NMC_EXP
NMC_EXP's picture

That is why the stock market is all that matters anymore. It is the only path to wealth left. Even if it is 100% bullshit.

You nailed it.

Over the last 15 years I watched my employer (a Fortune 50 manufacturer) slowly jettison its customer focus.

In a Division meeting a manager was paying lip service to poor quality, unhappy customers and what shall we do about it. The frustration prompted me to stand up and point out that our product was no longer a big yellow machine for moving earth and rocks, it was now a share of stock.  I went on to say our customers were no longer people who bought those machines to move earth and rock.  Our new customers were fund managers and stock analysts.

It was fun watching the manager squirm.  But, a year later I was "encouraged to retire early", i.e. I was terminated.  Reason being "my skills were not needed in the current business environment.

Thu, 05/16/2013 - 23:32 | 3571762 TheMeatTrapper
TheMeatTrapper's picture

It was fun watching the manager squirm.  But, a year later I was "encouraged to retire early", i.e. I was terminated.  Reason being "my skills were not needed in the current business environment.

Honesty is a skill that demand has completely collapsed for. Honesty is as welcome as a turd in a swimming pool. 

Fri, 05/17/2013 - 20:49 | 3574814 NMC_EXP
NMC_EXP's picture

Honesty is a skill that demand has completely collapsed for. Honesty is as welcome as a turd in a swimming pool.

My experience with one corp. confirms that.

In the first half of my 30 year career there the supervising engineers and managers who trained me would eviserate an engineer who was not 100% honest and accurate regarding the facts.

The company did a 180 on that trait.  I must have missed the policy change memo.


Thu, 05/16/2013 - 21:20 | 3571364 swmnguy
swmnguy's picture

One of the assumptions here is unlimited and nearly free energy.  And always-on, secure, high-speed communications.

I'm not saying these are unreasonable assumptions.  From a couple hundred years ago to this point, they have been reliable assumptions.  I'm not saying Solar Flare X will end them, or we'll run out of carbon-based fuel, or anything like that (plenty of other people do, and I think most of them are cranks).  I'm neither a doomer/gloomer nor a cornucopian in this regard.

I do think all this energy entering the equation hasn't really been accounted for in the economic system.  It used to make sense to build stuff near where it would be consumed.  Then with better ways to use increasing amounts of energy, it made more sense financially to move production to where it was cheapest.  But the energy still has to be accounted for somehow.  If people can no longer pay for things because they don't have jobs, that has to be addressed.  I'd suggest none of us are too impressed with the ways that's being done now.  

We've managed to have an incredible increase in standard of living, arguably by underestimating the price of all the energy inputs.  I bet that catches up somehow.  The idea of something for nothing (or very, very little) only goes on for so long.

Fri, 05/17/2013 - 05:47 | 3572135 August
August's picture

And those empty mid-latitude continents are getting harder to come by, too.

Thu, 05/16/2013 - 21:26 | 3571374 Oldwood
Oldwood's picture

This is about power and domination. Money is only a tool to be used as an oxidizer to rust out our ability to be self sufficient. In the end money will mean nothing because those in power will be able to "nationalize" it through taxation, and general economic transactional capture. Through the control of healthcare and its access they will effectively own our body or health. The existing controls on drugs and medical proceedures and practices will be leveraged with the affordable healthcare act to ultimately lock down our few remaining freedoms. It is no small coincidence that the former head of the IRS devision that was responsible for targeting conservatives from 09 to 2012 is now the head of the Obamacare IRS division. The ultimate corruption is deep and wide. Unless the media is willing to actually do their job to expose this disaster, we are toast.

Thu, 05/16/2013 - 21:56 | 3571446 WTFUD
WTFUD's picture

The Media IS doing its job OW. Without the banks, corps, and gubbermint cash they have No income. Can't bite the hand tjat feeds ya buddy!

Thu, 05/16/2013 - 22:31 | 3571564 Oldwood
Oldwood's picture

Of course you are correct except that my perception is that while i may depend on payment for doing my job, it is not a prerequisite. It is our choice to live our lives as free people or as prostitutes. I waver back and forth. I simply hope the media might as well.

Thu, 05/16/2013 - 21:37 | 3571379 earleflorida
earleflorida's picture

'no more jobs, more drugs, moar destitution, more mexican's to rule totally the country's future politic's in a 'BIG-time?score', for mr. [faceless] fascist?'

reagan's folly in 1986 decimates calif. three decades later with, 'Three Million +/+' illegals given amnesty...

obama's idiocy [never mind clinton/ bush and nafta/ cafta/ wto] 2013 to offer up 'Eleven Million +/+ illegals that will cost american's ~ $3 Trillion minimum.

an instantaneous 'third world america' have we,... wrote arianna huffington!?  

Thu, 05/16/2013 - 21:49 | 3571433 Oldwood
Oldwood's picture

Reagan thought he could advance his agendas through compromise with the opposition. In some cases he did but in the long term i think he and we all lost. We hear a constant push for compromise and derision against "do nothing congress", when we know that anything that comes from them is always part of some compromise that ultimately only compropmises us. We have suffered under th efolly of free trade for decades now while listening to never ending promises about reversing our negative trade balance trend, yet here we are. We can listen to experts prattle on for years about if we only worked harder and smarter and invest more, only to discover we are losing further ground. The numbers are clear. Fewer and lower paying jobs. The only metrics that matters. But lets just keep going the same direction. Its working perfectly.

Thu, 05/16/2013 - 22:25 | 3571537 WillyGroper
WillyGroper's picture

And Nader was threatened with arrest even tho he was on the ticket. 

Fri, 05/17/2013 - 00:44 | 3571886 MisterMousePotato
MisterMousePotato's picture

When the Soviet Union fell, P. J. O'Rourke went to Moscow to give a talk on the American political system. He explained that in America, there are two parties: The Stupid party and the Evil party. He explained that he was a member of the Stupid party. He then went on to explain that, in the spirit of bipartisanship, now and again the parties would get together and pass legislation that was truly stupid and evil.

Thu, 05/16/2013 - 21:31 | 3571387 Mr. Hudson
Mr. Hudson's picture

: "That means that it is going to become easier and easier for companies to replace workers with robots and computers."

I'm a good looking guy. I want to find me a wealthy robot to take care of me.

Thu, 05/16/2013 - 21:40 | 3571409 earleflorida
earleflorida's picture

make sure it's a pleasure model that swallows 

Thu, 05/16/2013 - 21:32 | 3571389 steelrules
steelrules's picture

Done like dinner, and if the system can be saved it will take a generation or more, question is should it be saved? I think not.

 Time for a reset where the heads of all those who got us here roll into baskets.

Thu, 05/16/2013 - 21:34 | 3571392 Debt Slave
Debt Slave's picture

I recall a politician back in the late 80's said of amnesty then: 'It isn't going to make the United States look like Mexico, that's just silly.'

Welcome to Tijuana.

Fri, 05/17/2013 - 00:47 | 3571890 MisterMousePotato
MisterMousePotato's picture

About the 1960s changes, Hubert Humphrey promised to eat his hat if the changes changed the demographic makeup of the country.

Our parents and greatgrandparents are responsible for this lunacy.

Thu, 05/16/2013 - 21:34 | 3571393 Wilcox1
Wilcox1's picture

I think the 10th perspective is connected to the 5th in a way that might bring us out of this mess.  The non-participating cohort is actually self employed.  When they get their head above water they will be so hard-bitten they will select and vote for people who act in a manner consistent with the intent of the framers of the constitution of our country. 

Thu, 05/16/2013 - 22:03 | 3571469 venturen
venturen's picture

where is the chart of average Goldman bonus? The average state worker pension? the "average" cop in NJ makes $90k...and retires at 40-45 on that salary.

Fri, 05/17/2013 - 00:52 | 3571895 MisterMousePotato
MisterMousePotato's picture

"the "average" cop in NJ makes $90k"

I'll bet it's a lot higher than that.

Ten years ago, when the City of Vallejo, California went broke, the average cop was making $120k.

Lifeguards in Newport Beach make more.

There was a high school teacher in Illinois a couple/few years back. Timothy Bouman or something like that. His take? $640k.

There are some 20-30 million of these parasites.

If they just stole the money, that would be bad enough.

But then they arm themselves and tell you you can't plant an apple tree in your front yard and your kids that they can't sell a glass of lemonade.

Thu, 05/16/2013 - 22:02 | 3571471 eddiebe
eddiebe's picture

Sold out!

Thu, 05/16/2013 - 22:20 | 3571520 Bobportlandor
Bobportlandor's picture

The year, month and day when all went haywire doesn't matter except to historians/debaters.

What matters is when you show people charts such as theses or others such the 10 year or housing price inflation the uninformed will comprehend the problem better. You got to give people something to hang their hat on.

Latter when their up and running then you can debate the start date, that's when you'll know you have broken thru.

Thu, 05/16/2013 - 22:24 | 3571534 WTFUD
WTFUD's picture

We All know the score here on Z/H. While it is useful to point out what's wrong and grasp a greater understanding of reality at least you have a headstart on most to begin looking for SOLUTIONS. The One real crime of Obama is that like the rest of the leaders he is unwilling or unable to speak the truth.
There are more articulate and specific skilled folks on Z/H than myself but i can through out one idea that an help down the line before it gets real scary; nobody can think straight on an empty stomach.
Supposing you and a bunch of workmates are about to get laid off with say $5/10k in comp. By pulling resources rent/purchase a small piece of land; purchase a commercial pollytunnel and grow ypur own veg; what you can't consume sell at a local market or barter; wives colleagues can recycle clothing etc etc. Not for All but this worked in the past and best make the plans while sanity remains.
Am sure other have better ideas and can post them.

Thu, 05/16/2013 - 22:32 | 3571562 paint it red ca...
paint it red call it hell's picture

Foolish decisions my ass.

A plan has been executed. How well the plan is working or at what stage of the plan is at current is impossible for peons like myself to know.

I just hope the Mother F---er blows up in their pasty faces, sending some of their candy asses up the river in the process.

Thu, 05/16/2013 - 22:35 | 3571591 Budd aka Sidewinder
Budd aka Sidewinder's picture

All Americans that have a demand deposit or savings account with one of the big 5 banks, go up to the teller with a check for the exact amount in both accounts and take it out

All Americans that have a credit card balance at 24% APR with one of the big 5 banks don't make one more payment on it.

All Americans that have a mortgage with one of the big 5 banks stop paying it immediately.

All Americans that have money invested with one of the big wire houses withdraw it immediately.

Fuck all of this personal responsiblity shit.  If everybody has a zero credit rating then we all have good credit.

We could shut this fucker down in a month.

Thu, 05/16/2013 - 22:51 | 3571664 Yes_Questions
Yes_Questions's picture



I wonder what contingencies are actually in place should MASS defaults and bank account withdrawals occur.


NOT in the COG sense, but in the business plans of the big 5.


Love to see it actually happen.


Thu, 05/16/2013 - 22:54 | 3571670 Jumbotron
Jumbotron's picture

Unsecured Credit.....and the refusal to pay it.

If 100 milllion of us took out 3 credit cards and maxed them out and refused to pay....whoo boy!!!

But of course Jim Cramer would be telling his shills on CNBS to buy Boeing, Northrup Grumman, Stryker, et. al. for all the drones and urban assault vehicles the banks would order their whores in Washington to buy and use against us.

Thu, 05/16/2013 - 22:54 | 3571672 Oldwood
Oldwood's picture

If bankruptcy would end the criminality it would already be fixed. Do you think the gov wouldn't respond to a massive outflow of deposits with currecy/bank controls? They done vitually the same thing alteady with the QEs, pumping up the balances of the big banks. Its like trying to avoid being trampled exiting a theater on fire. You can run immediately but unless you are first you will be crushed. If you wait for the crowd to disperse you will die in the fire. There is no way out that includes collapse. Collapse is their end goal, but doing incrementally benefits them the most as they can capture the wealth rather than destroying it, but ultimately it is about control, not money.

Thu, 05/16/2013 - 22:54 | 3571671 pragmatic hobo
pragmatic hobo's picture

the "middle class" was a brief phenomenon that flickered into existence between 1945 and 1970. It was a pure accident that top 0.0001% worked diligently to eradicate. I must say they are doing a great job! Very professional in my opinion.

Thu, 05/16/2013 - 23:01 | 3571690 q99x2
q99x2's picture

Doesn't have to be slow and agonizing. You can quit today. The Bernanke and his fellow criminals will pay you not to march on the Hamptons. I think he even gave the Boston bomber's over a 100 grand and never even asked what they would use the money for.

But if you are really smart you would design open source software that will eventually replace national governments. BitCoin or an alternative if successful will take a lot of the criminal/genocidal banking behavior away.  Then individual rights and free markets will return through a new software system of governance based on the constitution of the United States of America. Softare Dude. For and by the people. Morality built in by the individual.

Thu, 05/16/2013 - 23:12 | 3571721 tmosley
tmosley's picture

If those foreign countries or those new technologies didn't exist, those jobs would still be gone, because they have been DESTROYED, not stolen.  

You want the jobs back?  Turn back the clock to 1970.  Get rid of every regulation, every law, and every limit the government places on production and trade that has been created since that time.  Put the dollar back on a gold standard.  You will see a Renaissance.  The industrial might we have lost will rebuild itself, better, faster, and stronger than it ever was before thanks to new technology.

Or you can continue walking down the path of the banana republic.  It's your choice America.  I've made my decision, it's time you made yours.

Thu, 05/16/2013 - 23:53 | 3571796 proLiberty
proLiberty's picture

What wrecks the jobs machine was the idea that a worker could get economic compensation based on the assets or work of someone else, or nobody else alive at the time, but who might be alive in the future to pay the debt he piled up. This is living at the expense of others and that is the core of socialism.

Fri, 05/17/2013 - 00:07 | 3571821 titty sprinkles
titty sprinkles's picture

Well that was depressing as hell.  Maybe I'll spend my lunch hour at JCP tomorrow.  I'm sure they'll make me feel wanted.

Fri, 05/17/2013 - 13:41 | 3573464 RallyRoundTheFamily
RallyRoundTheFamily's picture

A greenie just for the gif.

If nothing else it made me forget about this shit if only for a few seconds.

Fri, 05/17/2013 - 00:10 | 3571830 besnook
besnook's picture

so far, no one really gets how desperate things really are world wide. the present economic model is based primarily on a steadily increasing population. the premise is, simply, more people equals more economy equals mo' money. the first world population is contracting. without immigration all of europe(in some countries despite immigration) and the usa would have population losses. russia is still losing population even after the dramatic drop in the 90s. china has managed to slow population growth to a crawl and india is trying like hell to do the same. the only places still producing lots of kids are africa and south america, africa way more than south america(good catholics).

without population growth the current model says economic growth is stifled which is why japan has been the subject of such dire economic forecasts as it loses 1 million people annually. two things can happen from here. the western model has historically been the exploitation of labor in the malthus tradition. less money means more squeazing of the have littles by the have lots.

asia has been a little more altruistic towards labor in an ingrained culturally socialistic way. there is some hope that the model could be modified to encourage an economy measured by gains per capita rather than aggregate gains measured as a growing gdp.

japan will be the first to test a new model if they remain closed to immigration thus losing the foundation for the present model. europe may eventually revolt against the immigration model. the usa is committed to the immigration model. so japan will save itself with a new paradigm of pure japanese. europe may save itself by stopping immigration. the usa becomes one giant mexico of squalor and indulgence. china still has a lot of population slack that the economy could benefit greatly from a population reduction while still growing gdp. india may be in the best position simply because half its population doesn't want anything. they are already in the future despite being 1.2 billion strong and growing.

Fri, 05/17/2013 - 01:36 | 3571950 Free Wary
Free Wary's picture

3 sentences max, windbag.

Fri, 05/17/2013 - 02:00 | 3571986 besnook
besnook's picture

this isn't yahoo or huffnpuffers. perhaps you would fit in better at those sites. you are obviously way over matched here, dumbass.

Fri, 05/17/2013 - 01:52 | 3571975 cape_royds
cape_royds's picture

It'll be interesting to see if Japan can stay the demographic course and resist the temptation to import labour.

If they do stay the course, living standards will decline for about the next 10-20 years, until their post-WWII demographic "bulge" generation has grown old and died.

If they can stick it through a couple of rough decades, they will have a more or less columnar demographic profile, which is potentially very efficient.

The birth rate should start to rebound once the burden of supporting the older generation has been relieved. A lower population probably means lower housing costs, which should also help boost the birth rate.

Fri, 05/17/2013 - 02:07 | 3571991 besnook
besnook's picture

what is not well known is japanese are not prone to retirement. they work until they die with few exceptions so the age demographic is not as serious an issue as many think. the only people retiring are mrs. watanabes but only because their husbands died. they have never worked outside the home. family is still tightly connected so while there is more isolation today because of the lack of kids it is not nearly the issue it is in the usa. the problems of japan are way over blown. they will have a rough time during the crash, like everyone, but not nearly as bad. they will come out of it in much better long as they don't yield to the temptation of importing chinese and filipinos.

Fri, 05/17/2013 - 13:44 | 3573474 RallyRoundTheFamily
RallyRoundTheFamily's picture

Or the radiation cuts their life expectancy in half.

Fri, 05/17/2013 - 00:36 | 3571876 Enough Already
Enough Already's picture

I believe it is all System D; aka, in olden terms the Black Market. 

Does anyone really believe that in Greece 65% of the youth are unemployed? Of course not. They are working, just below the "government" radar. They are eating and living just not how the government can detect it.

And I believe this is happening all across the world. 

Even in the US, how to explain these Millions of people leaving the work force. Sure, lots are signing up for govt. benefits, but not all. They are just dropping out of the grid. Working for $Cash. I know so many of these people,myself.

This Ponzi government WILL crash; soon. But System D is flourishing. The crash of this entire system, this corrupt government, would be the best thing to happen. 

Fri, 05/17/2013 - 16:36 | 3574202 irishmist
irishmist's picture

and why are they doing this? because of the worst recession in almost a century - thx to BUSH!!

Fri, 05/17/2013 - 01:12 | 3571920 yogibear
yogibear's picture

If the US dollar crashes the US becomes a low cost labor center. Equivalent to Mexico? 

Fri, 05/17/2013 - 16:35 | 3574200 irishmist
irishmist's picture

IF, IF, IF,.... so what?? Unemployement will go to 4% 

Why would it crash?? We're printing money??? so id everyone else. If we don't, then USD up, then jobs down, and we can blame Obama!!!

Fri, 05/17/2013 - 01:35 | 3571948 Free Wary
Free Wary's picture

American worker? People don't need to work anymore just play on the iphone. Try clash of clans, it's better than crack cocaine I promise.

Fri, 05/17/2013 - 04:18 | 3572081 NuYawkFrankie
NuYawkFrankie's picture

Parasites - "Winning!"


Fri, 05/17/2013 - 04:52 | 3572105 forrestdweller
forrestdweller's picture

looking at the charts, one could say that the obama government has managed to stop the catastrophic crisis, which has it's sources in the decades before that.

Fri, 05/17/2013 - 06:40 | 3572179 TNTARG
TNTARG's picture

Simple notes on "How are they fucking us all":

US Dollar Collapse and Japan’s Sham Currency War: The Hidden Agenda Behind Japan’s Kamikaze Quantitative Easing


Fri, 05/17/2013 - 07:09 | 3572200 TomyT
TomyT's picture

Computers and robots do not take jobs or reduce wealth.  WHat a bunch of luddites.  WHo builds the computers and robots? Who programs them?  WHo services them?  who sells them?  THese are all good paying, technical jobs.  Based on this logic,  we should get rid of back hoes and shovels and use spoons to dig holes.  It would employ alot more people!  WHat idiots!!!

Fri, 05/17/2013 - 08:34 | 3572347 Atticus Finch
Atticus Finch's picture

"and we have wrecked it.????? I stopped use the word We when referring to the US Government over a decade ago. Let's be clear "they" wrecked it. It's them not "we". I had nothing to do with it except being on the receiving end of lies, fraud and swindle.

Fri, 05/17/2013 - 08:57 | 3572420 shovelhead
shovelhead's picture

People are overlooking the future boom in FEMA Camp food service and 'protection specialist' jobs that have yet to come on line.


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