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The Real Unemployment Rate: In 20% Of American Families, Everyone Is Unemployed

Tyler Durden's picture




 

Submitted by Michael Snyder of The American Dream blog,

According to shocking new numbers that were just released by the Bureau of Labor Statistics, 20 percent of American families do not have a single person that is working.  So when someone tries to tell you that the unemployment rate in the United States is about 7 percent, you should just laugh.  One-fifth of the families in the entire country do not have a single member with a job.  That is absolutely astonishing.  How can a family survive if nobody is making any money?  Well, the answer to that question is actually quite easy.  There is a reason why government dependence has reached epidemic levels in the United States.  Without enough jobs, tens of millions of additional Americans have been forced to reach out to the government for help.  At this point, if you can believe it, the number of Americans getting money or benefits from the federal government each month exceeds the number of full-time workers in the private sector by more than 60 million.

When I was growing up, it seemed like anyone that was willing to work hard could find a good paying job.  But now that has all changed.  At this point, 20 percent of all the families in the entire country do not have a single member that has a job.  That includes fathers, mothers and children.  The following is how CNSNews.com broke down the numbers…

A family, as defined by the BLS, is a group of two or more people who live together and who are related by birth, adoption or marriage. In 2013, there were 80,445,000 families in the United States and in 16,127,000—or 20 percent–no one had a job.

To be honest, these really are Great Depression-type numbers.  But over the years “unemployment” has been redefined so many times that it doesn’t mean the same thing that it once did.  The government tells us that the official unemployment rate is about 7 percent, but that number is almost meaningless at this point.

A number that I find much more useful is the employment-population ratio.  According to the employment-population ratio, the percentage of working age Americans that actually have a job has been below 59 percent for more than four years in a row…

Employment Population Ratio 2014

That means that more than 41 percent of all working age Americans do not have a job.

When people can’t take care of themselves, it becomes necessary for the government to take care of them.  And what we have seen in recent years is government dependence soar to unprecedented levels.  In fact, welfare spending and entitlement payments now make up 69 percent of the entire federal budget.  For much more on this, please see my previous article entitled “18 Stats That Prove That Government Dependence Has Reached Epidemic Levels“.

And what is even more frightening is that more families are falling out of the middle class every single day.  As a recent CNN article explained, approximately one-third of all U.S. households are living “hand-to-mouth”.  In other words, they are constantly living on the edge of financial disaster…

About one-third of American households live “hand-to-mouth,” meaning that they spend all their paychecks. But what surprised the study authors is that 66% of these families are middle class, with a median income of $41,000. While they don’t have liquid assets, such as savings accounts or mutual fund holdings, they do have homes and retirement accounts, with a median net worth of $41,000.

“We don’t expect them to be living paycheck to paycheck,” said Greg Kaplan, study co-author and assistant professor of economics at Princeton University.

The American Dream is rapidly becoming an American nightmare.

When I was growing up, I lived in a pretty typical middle class neighborhood.  Everyone had a nice home, a couple of cars and could go on vacation during the summer.  I don’t remember ever hearing of anyone using food stamps or going to a food bank.  In fact, I can’t even remember anyone having a parent that was unemployed.  If someone did leave a job, it was usually quite easy to find another one.

But today, the middle class is being ripped to shreds and according to one new report there are 49 million Americans that are dealing with food insecurity in 2014.

How can anyone not see what is happening to us?  America is in the midst of a long-term economic decline, but the mainstream media and most of our politicians seem to think that things are better than ever.  They continue to try to convince us that “business as usual” is the right path to take.

But one-fifth of the families in the entire nation are already totally unemployed.

At what point will we finally admit that what we are doing right now is simply not working?

30 percent of all families unemployed?

40 percent?

50 percent?

If we stay on the road that we are on now, things are going to continue to get worse.  Millions more jobs will be shipped overseas, millions more jobs will be replaced by technology and crippling government regulations will kill millions more jobs.  The middle class will continue to shrink and government dependence will continue to rise.

Most people just want to work hard, put food on the table, pay their mortgages and provide a nice life for their families.

But the percentage of Americans that are successfully able to do that just keeps getting smaller.

Wake up America.

Your middle class is dying.

 

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Tue, 04/29/2014 - 20:11 | 4710060 Xibalba
Xibalba's picture

#winning! 

Tue, 04/29/2014 - 20:29 | 4710121 Ignatius
Ignatius's picture

This figure of 20% is right in line with what economist John Williams @shadowstats has been reporting for some time now.

Tue, 04/29/2014 - 20:12 | 4710062 AlgorithmOfCons...
AlgorithmOfConsciousness's picture

Serious?  Here I thought we were in the jobless "recovery" and NPR, CNN and NY Times all said the "great recession" ended in 2009.  Well, I'll be damned!

Tue, 04/29/2014 - 20:13 | 4710066 mrpxsytin
mrpxsytin's picture

Come to Australia. Seriously. If you are a classically liberal minded person with a work ethic then get over here. We need more people like you! And we have so much untapped resources for you to play with. 

Tue, 04/29/2014 - 20:15 | 4710070 Xibalba
Xibalba's picture

How do I get a visa?

Tue, 04/29/2014 - 20:24 | 4710106 The_Dude
The_Dude's picture

I wonder if I can just hop the border and if anyone asks me for my visa, I can just call them rayciss and get away with it.

Tue, 04/29/2014 - 21:02 | 4710236 mrpxsytin
mrpxsytin's picture

Ah I see. You're confusing classical liberalism with the tyrannical 'liberalism' you have in the US. Please read: http://en.wikipedia.org/wiki/Classical_liberalism

Classical liberalism is what real liberalism is. It survives here in Australia, but only by a thread.

And in fact you hopefully won't get far calling people racyciss. Our gov is working hard to overturn a lot of the tyrannical laws imposed by the Australian version of the Dimocrats. http://www.abc.net.au/news/2014-04-30/racial-discrimination-act-changes-...

Tue, 04/29/2014 - 20:55 | 4710212 mrpxsytin
mrpxsytin's picture

Are you a skilled worker?  http://www.immi.gov.au/Work/Pages/skilled-occupations-lists/skilled-occu...

If you're not a skilled worker and under 30 then just get over here on a tourist work visa. You can work for up to 2 years before having to reapply. My family regularly employs people under this arrangement. 

Tue, 04/29/2014 - 20:15 | 4710072 AlgorithmOfCons...
AlgorithmOfConsciousness's picture

At least your kangaroos are in the outback.  America has stacked all its kangaroos in D.C.

Tue, 04/29/2014 - 20:50 | 4710171 mrpxsytin
mrpxsytin's picture

Why don't you like this idea? We are drowning in stupidity over here. I'm crying out for help here!

The local Australian populace is reaching (has reached) a point where it cannot manage the immense wealth of this country. So I see it as a fair trade. You bring your intelligence and work ethic, and in return you get an opportunity for (self)employment and wealth. What could be wrong with that proposition? 

There are only 23million people here. This country is full of opportunity. We haven't even began to cultivate it's true potential! Australia can be the next United States. We only need a few million classical liberals (not to be confused with modern progressives) to add to the existing voting block. Then you basically have the government you all are yearning for. You are not going to get that government back in the USA. But you can establish that government in Australia. 

Basically, what Obama is doing to the US by importing voters, you will do here in Australia. Except you will set up a government that made the USA great to begin with. Why not do it? Are you cowards or something? Too afraid to move to a new place where you will have to actually enact your reforms, rather than just complain online?

Tue, 04/29/2014 - 21:08 | 4710268 malek
malek's picture

Been in the greater Melbourne area recently. It's not much different from any large Californian agglomeration area (which is not a compliment.)

Plus the Australian skilled visa process is a bureaucratic hurdle run with very little focus on real skills nowadays (if it had ever been different before.)
Especially funny is that they lifted the age limit on skilled visas from 45 to 50 - but if you are over 45 you need Masters, PhD, certified language skills in languages other than English and then some to qualify.

Tue, 04/29/2014 - 21:53 | 4710439 mrpxsytin
mrpxsytin's picture

Well you know what I'm talking about. And surely you know simple math. How many classical liberals would we need to move here to nullify the Melbournite's vote? Answer: a lot less than the amount needed to nullify the number or obama voters...

Wed, 04/30/2014 - 02:49 | 4711032 keep the bastar...
keep the bastards honest's picture

Not only that but a shit heap of a house 50 minutes out by train costs 1.2 million AUS. That means a 70 year old crappy timber cottage.

Or a smelly brick venereal. Google  Domain.com.au Glen waverley for example.  And you will have a street full of chinese and indians mate. And the free school is full up.

Wed, 04/30/2014 - 05:15 | 4711128 Aussiekiwi
Aussiekiwi's picture

I'm 17minutes drive to the centre of Perth, in a nice house, value about $500k and that is near the top of the current market as we are coming of a mining boom

Tue, 04/29/2014 - 21:32 | 4710374 813kml
813kml's picture

Be careful what you wish for, the US is likely to ship a few million of its inmates over to the Australian penal colony.

Tue, 04/29/2014 - 21:41 | 4710401 mrpxsytin
mrpxsytin's picture

I really hope they do. Give me your unwanted.

Tue, 04/29/2014 - 22:02 | 4710487 what's that smell
what's that smell's picture

my kitty got gas.

Tue, 04/29/2014 - 21:11 | 4710288 all-priced-in
all-priced-in's picture

Can I bring my AKs and 30 round mags to Australia? What about a G19 with standard 15 round mags?

Can I get a CHL / CWP?

 

 

 

Tue, 04/29/2014 - 21:46 | 4710415 mrpxsytin
mrpxsytin's picture

That would be up to the people. There is an Australian shooters party. Come here, become a voter, and change the laws. This is how it works. If a million 2nd ammendment supporters became Australian voters then I imagine the law would change.

This country is wide open. Grow a pair and move here and actually set up something you believe in. Don't just sit at home complaining.

Wed, 04/30/2014 - 02:43 | 4711026 keep the bastar...
keep the bastards honest's picture

The US has big beautiful rivers and lots of rains, lots of good soil and lots of resources. lots of people, dead easy to make it and dead easy to go off grid.

Australia does not. Look a the map, tiny sprinkle of green on the edges of the east and lower west coasts.

Gota nice american style right wing guvmt now just bought US 12.5 billion planes and is now talking more taxes and that the  weaker will cop it.

Mmrpxstin is just sending you all up. Sure his family employs people..tourists and cheap

Wed, 04/30/2014 - 05:11 | 4711126 Aussiekiwi
Aussiekiwi's picture

Do your own research is what I say, use the Internet and do a comparison your self, or go and live next to your beautiful rivers, that sounds nice as well, must be a lot of jobs there.

Wed, 04/30/2014 - 02:35 | 4711020 keep the bastar...
keep the bastards honest's picture

Sarcasm? mrpssytin

if not sarc then it should be.

NO Keep Away from Australia. We are FULL UP.We are fked and overflowing.

Our sustainable population is 22 million max and we are well over the. PLUS 1 mill  approx asian tourists per year let alone the rest and indian an asian students and more  europeans out on holiday work visas...and multinationals with their indians etc out working here and more. Everything is worse in the last couple of years, takes 6 weeks to get internet connected ie switched to existing physical service instead of a few days.

Immigrants get off the plane and apply for benefits  the first  day. Its disgusting.

Keep away from us. fk off

Wed, 04/30/2014 - 05:07 | 4711123 Aussiekiwi
Aussiekiwi's picture

Typical aussie, Australia is cool, universal health care which is excellent, I got hooked up with Internet in 24hours, Work situation has got a little tighter over the last 5 years but I still expect to make at least $40 an hour and I don't have a degree.  Do your research on the net as to where you want to go first, be prepared to move, travel light until you find a place to settle.

Tue, 04/29/2014 - 20:16 | 4710071 mademesmile
mademesmile's picture

"But, but but," said the talking head, "that chart includes all the retired couples." I don't know one retired couple that's full time retired - all are working at least part time - stepped foot in a Walmart recently?

Tue, 04/29/2014 - 20:18 | 4710080 i_call_you_my_base
i_call_you_my_base's picture

That's a stretch.

Tue, 04/29/2014 - 20:16 | 4710073 infinity8
infinity8's picture

I will sell my sweaty balls for pretty fucking cheap before I take a .gov hand-out.

Tue, 04/29/2014 - 20:26 | 4710104 Xibalba
Xibalba's picture

Really?  Get it while you can is the name of the game here.  See: TARP, HAMP, etc.

Tue, 04/29/2014 - 20:33 | 4710141 infinity8
infinity8's picture

Yeah, really. I sleep like a baby. Kill me with my character in tact, thank you. and fuck the acronyms.

Tue, 04/29/2014 - 20:43 | 4710175 Xibalba
Xibalba's picture

I commend you for your patriotism.  But we know how it all ends...

Tue, 04/29/2014 - 20:53 | 4710206 infinity8
infinity8's picture

What!?!? To thine ownself be true. Where did I cry patriot except to myself? And, I'm certain it ends badly but that doesn't mean I need to compromise what I stand for. There is ZERO reason anyone else should have to cover me.

Tue, 04/29/2014 - 21:00 | 4710222 Xibalba
Xibalba's picture

Sorry, but I couldn't know what you stand for based on your comment that 'you'll sell your balls' before taking what Uncle Sam seems so willing to give out.  If you belive that taxes are theft, playing Robin Hood by redistributing cash is kleptocratic, and that democracy is dead,  then we're on the same page. 

Tue, 04/29/2014 - 21:30 | 4710368 infinity8
infinity8's picture

I do believe that "democracy" was never really going to work and taxes are bullshit. I "lowered my tax profile" (as another ZH'r put it recently) a long time ago. That doesn't mean I feel like I need to milk off of the stupid populace that "contribute". They are shrinking, after all.

Tue, 04/29/2014 - 20:50 | 4710197 seek
seek's picture

You know, that used to be my mindset -- and still is, because I'm working.

But...<rant on>

I pay a shitload of taxes, on the order of a new top-line Porsche (or low end of Ferrari) every single year. Meanwhile our government is giving away so much fucking money that they have to borrow 40% of it, and it's going to Afghanistan, the Ukraine, a bunch of O's fucking friends, etc. I have friends and family that are struggling with the same mindset as you. And then I had the epiphany that the government is counting on people like me and my friend and family to pay taxes, doesn't plan on making good promises made (like SS), and need the real workers to not leach.

So fuck it, if your though process is that you'll never take a .gov handout, you're exactly the kind of person the money should be going to. If you're having a hard time right now, please, please take as much as you fucking can from the .gov while you can. It'll hasten the collapse, and it'll be money going to far better causes than Halliburton and the permanent welfare clan. Sure, they have to print to cover it, but that devalues the dollars these fucktards are giving away, too, and it devalues the financial assets the 0.01% that bought this government have. In other words, the best strategic and moral option today is to take every dime you can from the government, since in doing so you're taking away from all their unjust causes.

I worked 60-80 hour+ weeks for a decade to build my business to the point where it'd be paying so much in, and trust me, I do not hold it against anyone who soaks this corrupt system for every dime they're legally entitled to. Help Thelma and Louise this fucker so we can start the next one, and the sooner people who never take a handout can get back to working and building a real economy instead of this sick joke.</rant>

Tue, 04/29/2014 - 21:08 | 4710271 infinity8
infinity8's picture

Believe me, I've considered it. I have @14" of old steel (1980, surgical, stainless) welded up to my spine and I CAN do a lot of things that I SHOULD NOT do anymore. So, I choke on the word "disabled" a little. I have been encouraged at least 3x in the last 10 years to apply by medical professionals. I was really insulted (and still fairly young) the 1st time. Fuck it. I have ranted on ZH multiple times about our "health-care" system. The crowd wanted to hate on Leo but, anyone who has never had any major medical should appreciate their good fortune. It's a catch 22 for anyone with a legitimate issue.

Tue, 04/29/2014 - 21:14 | 4710296 Theta_Burn
Theta_Burn's picture

In the same boat as you..

Between the taxes, and more so in my case the fucking insurance costs are killing me.

And after all that is delt with, lots of times I need to chase after my $.

Construction used to be fun, not so much anymore...

Tue, 04/29/2014 - 21:23 | 4710331 Yes_Questions
Yes_Questions's picture

 

 

FWIW, there are some of us out here toiling to assure a builder does NOT have to chase down the money they've earned.

and sometimes, some of us have to go around a slow paying builder to make sure his/her bills get paid.

 

its sad the provider has to vet the client anymore...

Tue, 04/29/2014 - 21:53 | 4710448 Theta_Burn
Theta_Burn's picture

Next drink is on me...

Tue, 04/29/2014 - 23:13 | 4710751 infinity8
infinity8's picture

And most that can swing a hammer or invested in a lot of tools getting paid 40-60% of what they made @8 yrs ago. Yay!

 

Wed, 04/30/2014 - 01:22 | 4710950 A Dollar Short
A Dollar Short's picture

The reason for that is Brown.

Tue, 04/29/2014 - 21:15 | 4710300 Yes_Questions
Yes_Questions's picture

 

 

aaaaand breath.

 

Good Rant!

Tue, 04/29/2014 - 20:18 | 4710081 cherry picker
cherry picker's picture

My ex was a vp for a bank in CA.  They cut employee hours and paid them as little as possible, yet they expected them to dress and act professionally.  Meanwhile the CEO was pulling in about $2 million a year.

 

I told her that the board should reduce his income by about a million and pay the tellers more.

 

This was after a single mother teller was cited for not having the right clothing.  She cried.  Finally someone felt pity and took her out to buy some decent clothing.

 

That is what is wrong with this whole world.

Tue, 04/29/2014 - 20:26 | 4710114 Xibalba
Xibalba's picture

#winning! 

Tue, 04/29/2014 - 20:54 | 4710208 seek
seek's picture

And those same single mom tellers are going to be absolutely hammered by Obamacare, as one of them recently told me the choices she's looking at. The system is set up to fuck the working.

Tue, 04/29/2014 - 21:15 | 4710258 JuliaS
JuliaS's picture

Tellers are cannon fodder. Banks treat them as talking ATM's. I have a friend in a local branch. All but commission-earning mortgage brokers make minimum wage, but are expected to act like they own the bank.

Tue, 04/29/2014 - 20:19 | 4710082 Seasmoke
Seasmoke's picture

Send every adult $52,000 every January 1st and call it a year.

Tue, 04/29/2014 - 20:37 | 4710152 4 Freedoms
4 Freedoms's picture

May I have mine in gold on New Year's Eve?

Tue, 04/29/2014 - 20:19 | 4710083 fonzannoon
fonzannoon's picture

"When I was growing up, I lived in a pretty typical middle class neighborhood.  Everyone had a nice home, a couple of cars and could go on vacation during the summer.  I don’t remember ever hearing of anyone using food stamps or going to a food bank.  In fact, I can’t even remember anyone having a parent that was unemployed.  If someone did leave a job, it was usually quite easy to find another one."

 

It was a tiny moment in history, an abberation. wake the fuck up, because it's over and it ain't coming back.

Tue, 04/29/2014 - 20:22 | 4710095 i_call_you_my_base
i_call_you_my_base's picture

It's also a very narrow perspective. There were plenty of poor people, this guy just never saw it.

Tue, 04/29/2014 - 20:38 | 4710153 fonzannoon
fonzannoon's picture

agreed completely. 

Tue, 04/29/2014 - 20:55 | 4710214 Totentänzerlied
Totentänzerlied's picture

Two entire generations think white middle-class suburban post-war America is an appropriate norm, rather than the single greatest deviation. Actually, of course, they just want their gravy train back.

Tue, 04/29/2014 - 21:29 | 4710360 Yes_Questions
Yes_Questions's picture

 

 

My thirteen year-old gets a similar speach on a regular basis. 

 

 

Wed, 04/30/2014 - 01:37 | 4710982 Duke Dog
Duke Dog's picture

I could not have said it better myself, so I won't attempt. I'm still attempting to explain it to my city born wife.

Tue, 04/29/2014 - 20:41 | 4710163 Arthur Schopenhauer
Arthur Schopenhauer's picture

Don McLean- American Pie (with Lyrics)

https://www.youtube.com/watch?v=uAsV5-Hv-7U

Wed, 04/30/2014 - 01:30 | 4710973 sethstorm
sethstorm's picture

Not unless you regulate it back and revert immigration laws to 1950s standards.

Tue, 04/29/2014 - 20:30 | 4710125 SmilinJoeFizzion
SmilinJoeFizzion's picture

And the more kids you have the larger the Christmas bonus

Tue, 04/29/2014 - 20:31 | 4710127 Hannibal
Hannibal's picture

"American Exceptionalism?".......

Tue, 04/29/2014 - 20:57 | 4710218 Grande Tetons
Grande Tetons's picture

Rugged individualism works as long it occurs along side rugged dependency and economic opportunity. 

Tue, 04/29/2014 - 20:36 | 4710146 Kaiser Sousa
Kaiser Sousa's picture

its all good...

the Dow and S&P r up...

again....

BULLISH...

Tue, 04/29/2014 - 21:02 | 4710159 Dr. Engali
Dr. Engali's picture

I don't know how old you are Michael, but I'm 50 years old. I grew up in northeastern Ohio, and my father worked for Chrysler earning three dollars an hour. Over the years I have seen plenty of people living in poverty even during the best of economic times. For a brief moment of time labor had some leverage over capital and people earned a decent living. With globalization and the ongoing outsourcing of jobs that leverage is gone and it's not coming back..... Ever. Things will continue to get worse in this country as we continue down the road to serfdom. The question we have to ask ourselves is do we continue down this path or do we hold the oligarchs who plundered the wealth of this nation accountable? I know my response, what is yours?

Tue, 04/29/2014 - 21:31 | 4710370 Yes_Questions
Yes_Questions's picture

 

 

+16million..

Wed, 04/30/2014 - 01:14 | 4710927 A Dollar Short
A Dollar Short's picture

It is NOT coming back, Dr. Engali. The signing of NAFTA sealed middle class American worker's death,  for all time.  

Prepare to be subjects of the State, soon..

Survival will depend on it.

Wed, 04/30/2014 - 07:34 | 4711247 fallout11
fallout11's picture

You are right it is not coming back. We will have 30% of families with no one working before you see 15% (probably in less than a decade). The new norm. The trans-pacific partnership (the newest NAFTA) will ensure it. 

Wed, 04/30/2014 - 08:41 | 4711365 moonstears
moonstears's picture

Well, Doc, China and Putinland(whatever that is when he stops) will use increasingly the  Yuan and Rubles. I live in hope the petro-dollar hegemony collapse will bring some jobs back to my native land.

also, If the elected politicals would mint high value coins for distribution, they could continue to benefit(NOT talking Krugman's Trillion Plat, either)

Tue, 04/29/2014 - 20:45 | 4710179 kliguy38
kliguy38's picture

well said

Tue, 04/29/2014 - 20:50 | 4710195 Rican
Rican's picture

Watch the Stockholm Syndrome kick-in when the goverment one day rolls military tanks through a major U.S. city. Oh wait...

Tue, 04/29/2014 - 20:54 | 4710210 IndianaJohn
IndianaJohn's picture

And third world migration to our country increases.

White Man; you are too stupid to stand up for yourself. The End. https://www.youtube.com/watch?v=z9IIn3R6_50

Tue, 04/29/2014 - 20:55 | 4710215 Azwethinkweiz
Azwethinkweiz's picture

Could you imagine being at a dinner party with both Michael Snyder and Charles Hugh Smith sitting at the table? I'd stab myself in the groin with a spork. It'd be the most depressing meal ever. They'd list the same 50 things showing America in decline over and over and over again.

Tue, 04/29/2014 - 21:34 | 4710381 Yes_Questions
Yes_Questions's picture

 

 

but the list would be right, so hopefully the spork is a cheapo stolen from taco hell.

 

then off to the liquor cabinet for the good stuff and hot group sex..after ditching the duds

 

Tue, 04/29/2014 - 23:21 | 4710774 Wilcox1
Wilcox1's picture

I'd definitely be there if any way possible.  Its not depressing that they have the strength to talk about the probability of our future.  In fact, at dinner, if you could talk to them one on one it might even be possible to discern a future path.

Tue, 04/29/2014 - 21:04 | 4710251 X86BSD
X86BSD's picture

Actually I think I just read in the WSJ? That trade skills are in demand and welder a are making 150k? Most people I know think trade skills are lowly blue collar jobs they are to good for. But when the wife and I have a child it's going to learn a trade skill! Electricians, carpenters, wood workers, will always be in demand.

Tue, 04/29/2014 - 21:22 | 4710324 outofhere
outofhere's picture

That is what your moronic, masonic, bubonic brethren are telling you while you are standing on the square.

Tue, 04/29/2014 - 23:14 | 4710753 Wilcox1
Wilcox1's picture

You might want to guide them to the specialty titanium weldments and/or the other exotic metals and processes if you envision 150k/yr income.  Also the engineering knowledge  these particular welded parts benefit from.  It damn sure won't come from welding steel or wiring a house!

Wed, 04/30/2014 - 01:24 | 4710959 blue gkm
blue gkm's picture

I am a teamster and i make more money then all my friends with a college degree. My age 31

Wed, 04/30/2014 - 00:04 | 4710851 benqbiggis
benqbiggis's picture

Blame the mass printing money by FED and cultural marxism + socialism affair in USA

USA needs to came back to free market capitalism and kill the crony one

Wed, 04/30/2014 - 00:19 | 4710871 Seek_Truth
Seek_Truth's picture

I'd think that will give them time to ponder what's really important.

That doesn't mean that they will, only that they have been given the opportunity to do so.

Wed, 04/30/2014 - 01:25 | 4710963 sethstorm
sethstorm's picture

As one could say again, the private sector isn't without blame.

They have increasingly seen workers as liabilities instead of partners(to profitability) or assets.

Wed, 04/30/2014 - 01:31 | 4710974 buzzsaw99
buzzsaw99's picture

If we stay on the road that we are on now, things are going to continue to get worse...

I can pretty much guarantee you that things will only get worse and futhermore there's nothing to be done about it. Eventually even the maggots will be dragged down. There will be no widespread improvement, it is physically impossible.

Wed, 04/30/2014 - 09:10 | 4711350 mendolover
mendolover's picture

Slipping and sliding towards third worldism.

Wed, 04/30/2014 - 09:24 | 4711577 madcows
madcows's picture

"Shocking" in that the BLS would let that info slip out.

Wed, 04/30/2014 - 13:57 | 4712874 crazybob369
crazybob369's picture

It's getting bad even at the low end, low paying jobs.  We were recently on vacation, and stayed in fairly nice hotel, where the Hispanic maids were training a large group of non-Hispanic, dark skinned, non-English speaking workers to do their job.  No idea where this group was from, but definitely non-Hispanic.  I'm guessing they were recruited from some African, or Asian hellhole on a temp working visa, making about $1.50/hr.  Sad!

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