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Job = Just Over Broke

Tyler Durden's picture


Submitted by Michael Snyder of The Economic Collapse blog,

If you are fortunate enough to have a job in America today, the phrase "just over broke" probably describes you.  Yes, there are a handful of jobs that certainly pay very well, but most Americans that work for somebody else are just barely making it from month to month.  More than half of all working Americans are living paycheck to paycheck, and more than half of all working Americans make less than $30,000 a year.  That is an amazing statistic but it is actually true.  Once upon a time, anyone that was responsible and that was willing to work hard could get a good job in America.  But now those days are long gone.  Instead, we live at a time when good jobs are disappearing and when the middle class is getting smaller with each passing year.  In some homes, the husband and the wife are both working multiple jobs and they can still barely pay their bills.  Something has gone horribly wrong, and yet our leaders just keep telling us how wonderful our economy is.

One of the biggest things that has killed jobs in this country is the fact that the U.S. economy has been steadily merged into the emerging one world economic system over the past several decades.  They call it "free trade", but they never told us that we would be merged into a single global labor pool where we would be competing directly for jobs with workers on the other side of the planet that live in nations where it is legal to pay slave labor wages.

According to Gallup, only about 1.3 billion people around the world work full-time for an employer at this point.

But overall there are more than 7 billion people.

That means that there are a whole lot of really poor, really desperate people that need to be employed.

This has been wonderful for the big corporations.  They can just take jobs away from American workers and give them to people who are willing to work for less than a tenth of what an American worker would make.  This has resulted in the systematic deindustrialization of the United States and horrific decline in dozens of formerly great manufacturing cities.

At the same time, we have also been losing millions of middle class jobs to technology.  At this point, robots are even starting to replace warehouse workers and fast food employees.  As robots become even more advanced and become even cheaper to produce, there will be less jobs available for the rest of us.

And what happens when robots can do everything better than us?

Because there are fewer middle class jobs available, the competition for the remaining jobs has become incredibly intense.  In recent years, millions of Americans have been forced to take just about anything that they can get.  For those Americans, "just over broke" has become "just trying to survive" as they scratch and claw their way through life.

A recent CNBC article profiled one such individual.  His name is Ken Bowman, and his job at a guitar shop just barely enables him to pay his rent and feed himself...

Ken Bowman joins the line for a free lunch in the Youngstown Salvation Army canteen, just like he does every Friday.


Looking younger than his 21 years, his hair dyed jet black and wearing big, battered boots, Bowman plays heavy metal on his cell phone. He chooses a seat at the end of a table and sits hunched over his tray, his blues eyes furtively sweeping the room. The others sit in packs, regulars who've formed lunchtime friendships over their burnt coffee and peppered corn, discussing the jobs they once had and the government benefits they no longer get.


Bowman is sensitive to the stigma of accepting handouts like lunch. "[It] doesn't mean you're homeless or poor, people have standards but they struggle," he said, his chin jutting out, his eyes glowering.


After paying his rent, Bowman says his job in a guitar shop leaves him with $50 a month to live on — if he can get shifts. He is one of America's "underemployed," a group of as many as 11 million Americans struggling to survive in society's shadows on wages that put them below the federal poverty line.

There are millions of others out there just like Bowman.  In fact, as I mentioned in a previous article, one out of every four part-time workers in America is living below the poverty line.  The "working poor" is a phrase that describes a very large segment of the U.S. population today.

And the cold, hard truth of the matter is that most of the country is steadily getting poorer.  According to a study recently discussed in the New York Times, the "typical American household" is now worth 36 percent less than it was worth a decade ago.  That is a staggering decline in just ten years.

Meanwhile, the cost of living continues to rise.  This is something that I have discussed repeatedly, but sometimes a picture can say things far better than any words can.

The photo posted below has been floating around on Twitter.  It is of a McDonald's menu from the 1960s.  As you can see, prices have gone up a little bit since then...

Inflation - McDonald's

Most people think that I am crazy when I tell them that I can remember a cup of coffee being sold for a quarter when I was young.  But it is true.  Over the long-term, our purchasing power has been systematically destroyed by the insane polices of the Federal Reserve.

Sadly, most Americans don't understand any of this.  They just trust that our leaders actually know what they are doing.  Meanwhile, they just keep on struggling to survive in an economic system that is stacked against them.

According to one recent study, 40 percent of all households in the United States are experiencing financial stress right now and the homeownership rate for Americans under the age of 35 is at an all-time low.

In the old days, if you got your education, worked hard and did all the right things, it was just about an automatic ticket to the middle class.

Today it doesn't work like that.

Instead, more Americans than ever are being forced to become dependent on the government.  If you can believe it, Americans received more than 2 trillion dollars in benefits from the federal government last year alone.

So it astounds me whenever I hear anyone say that the economy is in "good shape".

How can it be in "good shape" when one out of every three adults in the United States has an unpaid debt that is "in collections" and there are 49 million Americans that are dealing with food insecurity?

The truth is that we are in the midst of a long-term economic decline that is the result of decades of incredibly foolish decisions.

Until the American people start understanding what has happened to us, they are never going to demand real change that actually accomplishes something.

*  *  *

And then there's this...


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Wed, 08/13/2014 - 21:24 | 5090268 wee-weed up
wee-weed up's picture

Vice Dictator, Joe Biden, says the Obozo Admin has created a gazillion jobs!

Wed, 08/13/2014 - 21:38 | 5090312 TeamDepends
TeamDepends's picture

Shovel ready green shoot $20/hr miracle recovery just around the corner.

Wed, 08/13/2014 - 21:53 | 5090366 Cliff Claven Cheers
Cliff Claven Cheers's picture

This would explain who makes the rules in the country and who benefits and it isn't the worker:

Study: You Have 'Near-Zero' Impact on U.S. Policy

opens in a new window:  your vote doesn't mean shit.

Wed, 08/13/2014 - 22:02 | 5090421 Pure Evil
Pure Evil's picture

Problem is, those gazillion jobs went to all those Central Americans crossing the border.

Wed, 08/13/2014 - 22:20 | 5090492 Shocker
Shocker's picture

Lower Wages / Benefits are the majority of the new jobs being created

Job Situation:


Wed, 08/13/2014 - 22:23 | 5090503 Cliff Claven Cheers
Cliff Claven Cheers's picture

Free trade is the problem.  Putting up some trade barriers fixes the problem.  Simple.  But like the study cited above that would not benefit corporations who make the rules.  So here we are wasting our fucking time discussing what else is wrong with this fucked up country.  I am seriously considering taking my family to different country to look for better oportunities and a future for my children.   Any suggestions on a "new america" out there?

Wed, 08/13/2014 - 22:32 | 5090532 markmotive
markmotive's picture

Won't have to worry about jobs for much longer. Save your energy on protecting your sh!t.

The next automation revolution threatens everyone from truck drivers to lawyers.

Thu, 08/14/2014 - 03:31 | 5091109 AldousHuxley
AldousHuxley's picture

well bunch of lawyers driving trucks now, so they are one in the same.


We are all NINJAS = No  Income No Job or Assets

Wed, 08/13/2014 - 22:57 | 5090614 RaceToTheBottom
RaceToTheBottom's picture

I am really fucking tired with competing with inhabitants of third world countries with the requirement that I must be 10 to 20 times more productive than them.


Fuck the CEOs.  They can be replaced by a spreadsheet.....



Wed, 08/13/2014 - 23:00 | 5090618 angel_of_joy
angel_of_joy's picture

Austria. The only decent remaining European country beyond Switzerland (but without its prices). Unfortunately, Austrians don't like foreigners very much and tend to speak German...

Wed, 08/13/2014 - 23:08 | 5090640 Cliff Claven Cheers
Cliff Claven Cheers's picture

I am sure I have some Austrian in my blood, don't I have some right of return?

Wed, 08/13/2014 - 23:13 | 5090648 NoPension
NoPension's picture

I build. Drywall , 5 Hispanics show up, in one van. They work 8,9,10 hours straight, don't stop for lunch. Eat and work. Then leave, and on to the next job. These are young 17-30 yo guys. What I am charged, no one could compete and make a " normal living wage".
It used to be I had a choice. I no longer do. This is it. ALL of the trades are going this route. Little by little. Day by day. And no,absolutely NO worries about the authorities. On the contrary, because of the pain in the ass and waste of time to deal with one of these folks, the police just let them go. That's a fact. I have seen it.
Perhaps this is the way it has always been with immigration, but I'm 50, and I don't ever remember shit like this. Open borders, free trade has destroyed the working class, middle class family man.
And these guys send half their money home. Money that doesn't get recycled into our economy. And notice, home ain't here,skippy. They could give a flying fuck about the USA.
I don't know who to blame, who to direct my angst. But there are some pretty obvious candidates running the show right now.


Thu, 08/14/2014 - 01:50 | 5090970 yogibear
yogibear's picture

Future Hillary voters. Came here for the welare,  EBTs, section 8 and free medical care as well as free education.

Wed, 08/13/2014 - 21:38 | 5090318 max2205
max2205's picture

What no list

Wed, 08/13/2014 - 22:28 | 5090518 Seek_Truth
Seek_Truth's picture

"Until the American people start understanding what has happened to us, they are never going to demand real change that actually accomplishes something."

Lol. This is the problem with all of these articles. Pretending as if "the American people" DEMAND real change! That's rich!

Look, the only way to DEMAND anything in this world is to enforce the a DEMAND with violence- not just the threat of violence, no- actual violence.

Hence, the situation will continue to deteriorate, just like every other collapsing Empire.

Until a violent upheaval ( war, revolution, coup, etc) changes things for awhile. Wash, rinse, repeat.

Except this time, when change comes, it will be worldwide, and the few Prophecies that are left will be fulfilled.

At that time : "For the Scriptures say, "'As surely as I live,' says the LORD, every knee will bend to me, and every tongue will confess and give praise to God.'" - Romans 14:11

Coming soon.

Thu, 08/14/2014 - 07:18 | 5091329 de3de8
de3de8's picture

All that most demand is more free shit off the free shit train. At least the free shit train car builders are fully employed.

Wed, 08/13/2014 - 21:25 | 5090272 nmewn
nmewn's picture

So I ask again, if the middle class can't find a decent job to support themselves, why is amnesty even on the table?

Wed, 08/13/2014 - 21:46 | 5090310 Iriestx
Iriestx's picture

Because the US Chamber of Commerce pushes the Republicans to support amnesty hoping it results in drastically lower labor costs.  The Democrats are looking to swell the rolls of the FSA to guarantee a permanent electoral majority.


Wed, 08/13/2014 - 21:46 | 5090344 nmewn
nmewn's picture


There is absolutely no difference in Jeb Bush's (for example) position than Hitlary's.

And another thing to contemplate, if America sucks so bad, why are "poor children" hopping trains or families paying 5k (or more) in order to get across the border?

Someone, somewhere has done a cost-benefit analysis and I'm sure it was in DC ;-)

Wed, 08/13/2014 - 21:47 | 5090352 The Most Intere...
The Most Interesting Frog in the World's picture

Which leaves no one to vote for.

Wed, 08/13/2014 - 21:53 | 5090369 nmewn
nmewn's picture

Choose wisely ;-)

We could always write in Putin!

(Oh, here it

Wed, 08/13/2014 - 22:09 | 5090442 Implied Violins
Implied Violins's picture

...better than Xi Jinping, who may become our de-facto Emperor when the Fed collapses - seeing as China now owns 20% of the US. Better we fight Russia and lose than be foreclosed on by China...Putin 2014!

Wed, 08/13/2014 - 22:12 | 5090452 nmewn
nmewn's picture

Its not a static universe.

China owns US debt because they're stupid, they don't own me.

Wed, 08/13/2014 - 22:15 | 5090476 Implied Violins
Implied Violins's picture

No, but they may try to claim the land all around you, especially if dickheads like Harry Reid keep selling out national parks for solar farms. I'm pretty certain when the dollar falls the Chinese bulldog will bark, and when those fuckers bite they don't let go.

Wed, 08/13/2014 - 22:30 | 5090523 nmewn
nmewn's picture

Funny thing about claim, its like allegation. Both sides can deny or challenge, finally force rules.

I say, molon labe Chinamen, I had nothing to do with it. I've only railed against the Chinese (or anyone else) buying into it for as long as I've been on ZH.

If they think they can enforce their case against a third party, they can try ;-)

Wed, 08/13/2014 - 22:37 | 5090552 Implied Violins
Implied Violins's picture

Hey, I just bought a Chinese SKS; I'm with you. I think they will try to get their pound of flesh somehow, and we will be hearing about it - but collection from the masses will be a bitch for sure!!

Thu, 08/14/2014 - 23:16 | 5095824 MontgomeryScott
MontgomeryScott's picture


YOU are 'with him' because you bought a Chinese copy of an old Soviet weapon.

Let us now reason together, shall we?

The article you post on and speak of regards the issue of 'local job creation', in case no one noticed.

Are you a Chinese communist, or a Soviet communist, 'Implied Violins'?

You purchased a cheap knock-off of a cheap knock-off weapon (probably reverse-engineered from a Romanian variant, in fact). You have used your wealth (what little it took) and sent it to CHINA (and they reciprocated, sending their 'pound of flesh' to the former Soviet weapons manufacturers). Are you actually PROUD of your one-dimensional 'choice'? Your gun (if it actually functions) will be loose, and unable to repeat groups accurately on the target range. It is heavy. It's probably made from re-fired irons that were purchased from the 'Fresh Kills' landfill (NINE-ONE-ONE). 7.62 x 45 ammunition usually is not checked for age or 'quality assurance' (and is also made in nations that you do not obviously comprehend). THEREFORE; the need for multiple carried magazines is not only implied, but assured (due to inevitable misfires).

I don't know quite what to say regarding the rest of your idiocentric comment. Your lack of identification of the true enemies and your obvious need for self-aggrandizement (" I think they will try to get...") bring to mind the Metallica song 'Holier Than Thou'. Something about the 'Arrogance and ignorance go hand-in-hand' meme.

I have chosen to buy LOCAL.

WAR is always the least desirable of ALL political outcomes; but once it is openly declared, there will be carnage and bloodshed on a scale not imagined by those not experienced in the arts and crafts of the destruction that those who wage this war desire.

You are delving in to a subject that you think of in terms of 'hilarity'.

A bio-geneticist who has been on ZH for 10 weeks 4 days isn't going to be my 'go-to' source of 'green arrows'.

You're NOT with ME.


Wed, 08/13/2014 - 22:37 | 5090549 Miffed Microbio...
Miffed Microbiologist's picture

Yeah, that certainly worked for Japan. I'm sure when their island sinks in a mass of nuclear waste they will be coming here to claim their due. I'll hand them good old Harry Reid as a consolation prize.


Wed, 08/13/2014 - 22:42 | 5090560 Implied Violins
Implied Violins's picture

I'd willingly cede them certain parts of Nevada, and New Mexico...

Thu, 08/14/2014 - 23:49 | 5095920 MontgomeryScott
MontgomeryScott's picture

Let's give 'them' a lot of other things, too!

You'd sell your posterity for a night in Las Vegas, perhaps?

YOU would WLLINGLY 'cede' 'THEM' WHAT; exactly?

Let us all see what you are discussing (and make it 'crystal clear' what you are talking about).

YOU would CEDE 'THEM' ('gift to them') parts of sovereign states within a sovereign nation of States. What IF 'THEY' wnated YOUR particular house, block, neighborhood, or region? Would you 'willingly CEDE' to 'them' your posessions and your wife and your sons and daughters?

'The WORD is CORRUPTED; and the STRONG take the WEAK.'


Thu, 08/14/2014 - 02:20 | 5090997 Raging Debate
Raging Debate's picture

Violins - I don't know about that. The Chinese people I met here sfill seem to know the value of money and hustle a but for it in service. Down here in Florida it reminds me when I used to go on vacation in the Carribean, hotel people taking an hour to deliver a towel to your room or constantly messing up a meal, standing at registerers talking or trying to train each other etc.

My uncle worked in factories all his life. I remember when NAFTA passed he was working at GE. He would tell me of repairing endless truckloads of defective parts and said the Mexicans lacked quality control.

Truth is if you paid me $10 an hour for 25 hours a week and I had to shack up with four other people just to eat and pay rent I wouldn't give a shit either. In between large data jobs I was hard up a year ago so I worked at a small machine shop factory for a day. I worked two CPC machines at one time and all parts to spec which was one of the owners complaints about staff. Also, he told me employees were drunk, got high, were transients etc.
His son dropped a tube of aluminum at the end of the machine. He fired me because he said I didn't pay attention to it. I replied that between operating two machines, QC'ing parts and monitoring two screens (which would tell me if the machines were having real issues) there was no time to observe what his son was doing. That is reality on a day to day basis for a lot of American workers. That foreigner will do the job and not take a lunch break but 20% of the parts will be *ucked up.

"Fair trade" amounts to mercantilism. In the end the worker can't afford to consume but political insiders and upper management make bucket loads of money for awhile. Imbalance is great for some, they are called predators. Just another hive raid, no different than the Vikings really.

Thu, 08/14/2014 - 04:14 | 5091170 UselessEater
UselessEater's picture

What does that have to do with the Chinese acquisition of land on a private and large corporate interest scale?

Down the road a Chinese person has a shop, up the road "they" have undisclosed mega-big agri etc interests through full or partial ownership...


(edit- no disrespect to your comment, just meant the scale of the issue is greater eg in Aust we are not told about the extent of large scale foreign investment - that will reveal a nasty shock one day soon to the sheeple)

Wed, 08/13/2014 - 23:04 | 5090632 RaceToTheBottom
RaceToTheBottom's picture

"Better we fight Russia and lose than be foreclosed on by China...Putin 2014!"

We can be the mouse that roared!!!!


Wed, 08/13/2014 - 22:04 | 5090427 Miffed Microbio...
Miffed Microbiologist's picture

Oh dear nmewn, I thought you knew that one. They are doing the jobs Americans will not do silly boy. This entire country would grind to a halt if it weren't for those wise folks in DC.

Rolling in laughter. Whenever I type DC my iPad changes it to D&C. A D&C is just what DC needs. Ok, yeah I'm potted...sorry.

Fuck, I actually said folks. I'm going to pay for this in the morning.


Wed, 08/13/2014 - 22:09 | 5090445 nmewn
nmewn's picture

lol...second class "citizens" in training.

Wed, 08/13/2014 - 22:12 | 5090454 Implied Violins
Implied Violins's picture

HA! AC/DC is what I need at this moment...and I hope you only take that one way ;-)

Going on the Highway to Hell...nanu, nanu

Wed, 08/13/2014 - 22:14 | 5090461 Kreditanstalt
Kreditanstalt's picture

Many Americans have become government-lovers, wanting borders, guards, guns.  They're busy lobbying for the government gun to protect  them from labour market competition, that's all...they're afraid of their inability to compete in a free labour market.

If one's standard of living is unsustainable in a genuine free market, it is undeserved.

Wed, 08/13/2014 - 22:22 | 5090499 nmewn
nmewn's picture

True, market.

But "free market" does not mean tying both arms & legs behind the back of one participant while demanding them to use their nose & tongue to compete "fairly" against all others.

Wed, 08/13/2014 - 23:15 | 5090652 NoPension
NoPension's picture

Undocumented Democrats.

Wed, 08/13/2014 - 21:29 | 5090283 Cognitive Dissonance
Cognitive Dissonance's picture

Houston Washington, we have a problem.

Wed, 08/13/2014 - 21:58 | 5090394 NoDebt
NoDebt's picture

When the space craft is in trouble, at least Houston tries to help them out with decent advice.  Calling DC would result in mostly a lot of "hold, please, that's not my department," followed by worthless advice, some free condoms and a tax bill for that advice.

Wed, 08/13/2014 - 21:31 | 5090287 Iriestx
Iriestx's picture

Joining the FSA is the new American dream.

Wed, 08/13/2014 - 21:32 | 5090293 alexcojones
alexcojones's picture

I've never made over 30K per year.

Yeah I'm a lazy dreamer, but I try to only work 3 months a year.

I do know that ONE day, 30K will be a weeks pay.

Wed, 08/13/2014 - 21:40 | 5090320 wee-weed up
wee-weed up's picture

"I do know that ONE day, 30K will be a weeks pay."
Ha! Once rampant inflation takes hold...
That will be the new hourly minimum wage.

Wed, 08/13/2014 - 22:05 | 5090431 Pure Evil
Pure Evil's picture

How much can you make in one hour in Zimbabwe?

Thu, 08/14/2014 - 07:26 | 5091350 de3de8
de3de8's picture

For the elite they make 30k/wk now

Wed, 08/13/2014 - 21:32 | 5090295 pods
pods's picture

Eek, those are some bad stats.

I think that making $30k would be better than $45k though, as you would make that up in social programs.


Wed, 08/13/2014 - 21:35 | 5090306 fonzannoon
fonzannoon's picture

Yeah 30k on the books with another 20k cash business and then qualifiying for some program where you rake in another 30k is where it's at. Take that and move somewhere cheap with resources and call it a day. If you can do that you win.

Wed, 08/13/2014 - 21:36 | 5090309 Seasmoke
Seasmoke's picture

Thats what has gone horribly wrong !!

Wed, 08/13/2014 - 21:47 | 5090328 fonzannoon
fonzannoon's picture

Nah man. Look the truth is the job thing is structurally broken. Automation will end up rendering almost everything useless. The travesty here is that we have convinced the public that the solution was adding trillions of dollars to the money supply and giving it all to te banks. We should be carving that up and sending everyone a check for 40k a year whether they are employed or not. Then if people want to try to tack on some extra loot then good for them. The risk of blowing up the currency is there in either scenario. We  just allow the banks to keep it all.


Wed, 08/13/2014 - 22:00 | 5090410 Cliff Claven Cheers
Cliff Claven Cheers's picture

That is what Steve Keen said we should have done 5 years ago.  The pools of money need to flow to the ones that spend it from the bottom up not the top down.  Or we have to experiment with mass debt forgiveness, gov, corp and personal.  With as much debt as we have a monetary reset has to come one way or another.  I say we have a bretton woods 3 but call it Buenos Aires 1TM  In keeping with the default theme.

Wed, 08/13/2014 - 22:11 | 5090453 TMLutas
TMLutas's picture

It isn't that it's structurally broken. It's that the media never bothered to explain what is going on and the schools aren't training for the right skills. When Nixon went to China he set in motion the liberation of a billion people, all of whom want to get a job and are directly or indirectly competing for all of our jobs. If you have a billion people running towards your job, the right thing to do isn't to erect a tariff wall. It's to jump the fence over to the capital side of the equation back in 1975 and make your money by hiring all that surplus labor, as much of it as you can. 

But we've still got a school system that is organized to train farm boys to fill factory jobs. That's a very dumb thing to do. And we're still socializing people to look for less and less plentiful good jobs. 

Now those billion chinese are being joined by another billion indians and soon by several hundred million africans so this trend still has legs, even though China's peaked as they're actually running out of cheap hands to fill their own factories. They're bidding up labor prices now. 

So for the next generation or two, we need to tell the kids to build their own businesses to shorten the time when all that labor is absorbed. 

Wed, 08/13/2014 - 22:20 | 5090494 Cliff Claven Cheers
Cliff Claven Cheers's picture

I don't call people this very often but you are a dip shit.  Who said we have to have open borders and rely on cheaper products from other countries.  We can and should have a closed economic system and take care of our selves, fuck the chinese and indian job seekers that is their problem.  We need to become isolationist and self reliant and have a closed economic system where our money stays local.  Fuck you and the corporations you work for.  People starting their own businessess does not solve the problem of having customers here in america without jobs.  I work in taxes and I can tell you the best businesses are selling coffee, smokes, liquor and fucking tattoos, title loans and payday loans.  The next best thing is serivces such as electricians and plumbers.   Hardly no one produces shit we just trade services.  If we did not have free trade and had tarrifs wages would be higher and jobs more plentiful.

Thu, 08/14/2014 - 01:57 | 5090977 yogibear
yogibear's picture

"Hardly no one produces shit"

The US produces plenty of debt instead of products.

Debt is money. Look at the chart on individual debt and it's expotential. 

Thu, 08/14/2014 - 04:29 | 5091185 UselessEater
UselessEater's picture

Its not just an open border per say

Its the disadvantage of "Free Trade" handicapps... western regulation/controls/licenses/contracts/fees/etc increase in proportion with 3rd world free trade access and granting of intellectual property etc suddenly more and more manufacuring etc becomes cost prohibitive and/or is banned from us through IP .... its a planned transfer using regulation by stealth

cheap labour has zip to do with it; tax loop holes for setting up shop over seas has much more to do with it - once again we're talking about very large corporations (small-medium are targetted to die)

Thu, 08/14/2014 - 02:30 | 5091015 Raging Debate
Raging Debate's picture

Trade barriers are for detente, a slowing down of that process of integration to allow for adaptation. While the Chinese got higher wages, all the hot money so quickly drove up inflation beyond wages that could support family unit creation. On the American side you had global competition for labor while the currency was devalued. A nasty double whammy.

It is a global barbell economy now, bifurcated. So one does better either deciding to work that 25 hours and slack or attempt to defy gravity. The latter can be done but educating oneself and working over say 30 is a quite a challenging task. Do-able but quite unpleasant and highly questionable if the quality of life for toys is worth it.

Wed, 08/13/2014 - 22:31 | 5090530 Implied Violins
Implied Violins's picture

Isn't that basically what Knucks was talking about with Cloward/Piven?

In my view this would be horrific. Much as I think it might be a good thing to guarantee an income to all people for basic living (and more money given for more work), the way it would be implemented would be a nightmare.

I can just see it now: digital, controlled currency; biometric ID/your DNA in the database and used for access to everything; the food one on basic income could afford would be GMO only; healthcare would be abysmal; any brushes with the law/snide remarks to PTB/you just look funny and your pension is cancelled...and anyone giving money to them would be easily traced and punished too.

Just watch the free on-line movie "Ethos" (narrated by Woody Harrelson) and you can see the dangers:

Wed, 08/13/2014 - 22:41 | 5090561 fonzannoon
fonzannoon's picture

yes eliminating cash is a big part of the plan. for all the reasons you described. but don't worry it's gonna be great.

Wed, 08/13/2014 - 21:34 | 5090300 Cattender
Cattender's picture

this includes MANY Small Business owners too..

Wed, 08/13/2014 - 21:36 | 5090308 Bilderberg Member
Bilderberg Member's picture

Could you write a better advertisement for depopulation?

Wed, 08/13/2014 - 21:43 | 5090331 TeamDepends
TeamDepends's picture

That's the ticket! Instead of fixing the problem, simply kill a bunch of people.

Wed, 08/13/2014 - 21:45 | 5090339 Iriestx
Iriestx's picture

You could start by fire bombing Ferguson and I wouldn't complain.

Wed, 08/13/2014 - 22:04 | 5090423 NoDebt
NoDebt's picture

Well then, I guess we all at least agree that human life has no value, no matter which perspective you're looking at it.  But thank God we can all finally agree on something.  That's what they say we should all be doing, and now we've done it.

Fine work, gentlemen.  Fine work.  You'll all find a little something extra in your paycheck this week.

Wed, 08/13/2014 - 22:06 | 5090429 Iriestx
Iriestx's picture

I'm keeping my fingers crossed for a 75% culling of the species via Ebola or some other disaster.  As a species we went over the point of no return decades ago. The planet needs to hit the reset button.

Wed, 08/13/2014 - 22:08 | 5090433 NoDebt
NoDebt's picture

As lovely as that idea is, I have to ask what your 'Plan B' is.  You know, just in case that doesn't happen.

I'm also kind of wondering if I'll be part of that 75%.  I might have a problem with that.

Wed, 08/13/2014 - 22:09 | 5090444 Iriestx
Iriestx's picture

Work like a sucker until the day I die; watching as half or more of the fruits of my labor are stolen from me and redistributed to people the government deems worthy of what my labor earned.

Wed, 08/13/2014 - 22:12 | 5090457 NoDebt
NoDebt's picture

Fair enough.  On the same trajectory myself.

Wed, 08/13/2014 - 22:58 | 5090615 Amish Hacker
Amish Hacker's picture

O.K. now back to work, you two.

Thu, 08/14/2014 - 04:32 | 5091191 UselessEater
UselessEater's picture

How mean of you Amish, they seem to want de-population and the wanters should always be first responders (aka volunteers).

Don't wish them away so soon.... de-population volunteers... errm... advocates will be momentarily missed, Then life goes on.


Wed, 08/13/2014 - 22:46 | 5090574 Miffed Microbio...
Miffed Microbiologist's picture

Well, that sums it up for me as well. I'm only sad that Ebola is not a selective killer. Being a healthcare worker means I will be likely to catch that nuclear bomb if it even gains any traction. What a messy way to purge the dross.


Thu, 08/14/2014 - 04:36 | 5091196 UselessEater
UselessEater's picture

"Selective Killer"

How sweet of you.

Whom would you choose to be selected for this method of death given it shouldn't be YOU?

Some seriously troubled people on ZH pointing finger at murderous elite then condoning similar attitudes


Thu, 08/14/2014 - 10:01 | 5091980 Miffed Microbio...
Miffed Microbiologist's picture

Oh, I was contemplating a few banksters and Stalin types. Since they have me in their sights. You don't know me so hold your judgement corgi cutie. I've saved more lives then many here. Many very undeserving I may add.


Thu, 08/14/2014 - 02:44 | 5091043 Raging Debate
Raging Debate's picture

Bilderberg - Unlimited "wants" means unlimited job potential. Decreasing the population would only increase the demand for labor in a generation or less. So if your a short-term thinker and connected, that's awsome but not so great for your kids. Plus the current system criminalizes the working class for barriers of competition so as they wise up, evolution dictates they'll become more predatory and create swindles on your kids estates. Ever consider why any empire doesn't ever survive? Attempting to thwart evolution is like pissing into a tidal wave, George Soros Reflexivity theory sums up details nicely about what I just summarized.

'Those damn kids are so god damn rebellious (snort)!'

Wed, 08/13/2014 - 21:48 | 5090345 db51
db51's picture

Uh.....then who is paying for all this shit then if nobody has a job over broke?   Just look at those fucktards in Ferguson....looks like an NBA/NFL Fashion show.  Those Nike hat/shoe Combos with a Kobe Bryant Jersey will set you back $400.00....and then tack a big gold chain on and $1K in tattoos.....fuck man....I make over $150K and I can't afford that look.

Wed, 08/13/2014 - 21:51 | 5090363 The Most Intere...
The Most Interesting Frog in the World's picture

You are paying taxes, you are paying for it...

Wed, 08/13/2014 - 21:52 | 5090365 dirtyfiles
dirtyfiles's picture

true to that bro..

Wed, 08/13/2014 - 22:19 | 5090368 Iriestx
Iriestx's picture

It's easy to afford all of that shit when somebody else is paying for your "free" food, energy, housing, education, medical care, Internet/phone access & transportation.  Couple that with selling drugs on the black market for huge tax-free profit and you'll have significantly more disposable income than anybody working and struggling to stay afloat in the "middle class."  Half of those hard working, middle class suckers' incomes go to paying for the other half's "free" stuff.


Despite the seeminly wise desicion these people have made to leech off the sytem and work in the black market for a tax-free income, they're really not that smart.  Instead of working in the drug industry just long enough to save enough money for a healthy, early retirement they blow every penny they make on idiotic shit like bling, whips, spinnaz, basketball jerseys, flat-billed ball caps, grills and $1000 bottles of Cristal at the club.

Thu, 08/14/2014 - 02:53 | 5091055 Raging Debate
Raging Debate's picture

IReistx - My neighbor a few doors down fits into that category. Girlfriend just had a kid and gets section 8, foodstamps and medicaid. He sells drugs, is a crook and wonders why no one like me ever offers him a job to make a good living. Someone stupid enough to tell me they sell drugs is not someone I would give a job to in any event, quantifying your point these people aren't that bright they just think they are.

But such are a minority in America. Lots of folks went from working job that paid $60k-$100k and now work two part time jobs for $30k.

Thu, 08/14/2014 - 09:08 | 5091734 Farmer Joe in B...
Farmer Joe in Brooklyn's picture

You hit the nail on the head....!!

They are actually the winners for gaming the system.  How long before common working schmucks learn that there is no point working legitimately when you can live off the system and find occasional cash work...?? 

If you have a strong work ethic and some drive, there are plenty of ways to get yourself paid under the table AND live off of uncle sam.  I know people who do it and they have a decent standard of living.

In NYC, I pay appx 50+% in taxes (fed,state,city,med,ss,etc).  How much more do they have to take before I decide to join the ranks of these folks? 

Not much....

Wed, 08/13/2014 - 22:27 | 5090514 Larry Dallas
Larry Dallas's picture


Don't worry. You're in good company. Hitlery is "poor" too and is in the Hamptons in a $100,000 rental.

Remember that when you see her on TV.


Wed, 08/13/2014 - 21:59 | 5090402 kchrisc
kchrisc's picture

In a free economy you produce and trade for you.

In a Rothschild controlled economy you produce for them and they keep what they like--you are nothing more than their farm, draft, animal.

Time to eat the farmers.

An American, not US subject.


"My guillotine likes to eat farmers of humans."

Wed, 08/13/2014 - 22:00 | 5090412 assistedliving
assistedliving's picture

simple.  change our education system.  starting Kindergarten, every child starts a personal bank / health savings account.  Penny a day/nickel a week.

start teaching compound interest, credit card debt, a mortgage payment, amortization.  every child leaves GRADE SCHOOL knowing how to read

a balance sheet, what a debit / asset means.  Now he/she is adding $1/week into his personal savings account.  middle school political training, voting and parties. 

High School how much it takes to run a household of four, cost of a baby, what a car costs, basic maintenance and insurance.  Learn what lifetime education costs. by the time he's ready to graduate he/she will have some SAVINGS and know what it took to get there. 

instead what do we teach our kids to get them ready for the NWO? 

Wed, 08/13/2014 - 22:27 | 5090513 kchrisc
kchrisc's picture

First your proposal ignores what is common knowledge here, that there will be no savings because the banksters and their government puppets will have stolen it all via "printing."

Second, your proposal requires more of big violent and plundering government to force people to save. Government IS the problem, not ever the solution.

Time for we, the American people, to teach our kids about freedom and liberty and who the real enemy is, government and their Rothschild bankster masters.

An American citizen, not US subject.

Wed, 08/13/2014 - 22:01 | 5090413 GeezerGeek
GeezerGeek's picture

The picture of the menu brings back fond memories. In 1962 a brand new Ferrari cost $12,500. See the August 1962 issue of Road & Track. A new Rolls cost around $20K. As the article says: "As you can see, prices have gone up a little bit since then..."

Thanks, all you wonderful folks in DC.

Wed, 08/13/2014 - 22:02 | 5090418 AdvancingTime
AdvancingTime's picture

 Creating jobs in a mature market should be required to pass a certain "taste" test. It should be pointed out that while America is creating jobs it is costing a huge amount. I'm referring to the massive government deficit which I feel is the fuel driving our still rather weak growth. Is it sustainable, and just as important are these the right kind of jobs and will they last?

When a job that falls outside the description of government worker fails to make economic sense it becomes a form of working welfare with the taxpayer picking up the tab. We as a country and as a society have paid dearly for each unsustainable job created through government incentives and partnerships, because of the nature of many of these jobs we might even call them temporary. More on this subject in the article below.


Wed, 08/13/2014 - 22:04 | 5090425 AdvancingTime
AdvancingTime's picture

While I'm strongly against raising the minimum wage because it will make America less competitive and slow job growth, I concede the debate is destined to continue until it is raised. I hereby state without a doubt, the minimum wage will go up! Polls show a majority of Americans support this idea.

It is my feeling that many people believe the myth this will put more money into the consumers pocket and create economic growth. They fail to recognize it will also spark inflation while reducing opportunity. New twist and wrinkles are being added by the White House and supporters of this increase every week. Expanding the number of workers eligible for overtime pay is another attempt to push this along. Unfortunately much of the impact and pain will directly fall upon small business the real creator of jobs. More on this subject in the article below.

Thu, 08/14/2014 - 03:22 | 5091085 Stranded Observer
Stranded Observer's picture

     Here we go with the anti-minimum wage stuff again.  Keep America competive?  Slow job growth?  For starters America will NEVER be able to compete with outsourced labor and jobs will soon also be lost, by the hundreds of thousands, due to the rapidly increasing technologies of automation.  And, excepting these two blantantly obvious factors, you are still missing the point altogether.  In 1965 the average CEO made about 20 times as much money as his average employee.  Today he makes about 275 times as much.  Can you connect the dots here?  We are being systematically robbed by the people at the top and there is no longer a fair distribution of earnings, according to skill or ability, within a corporation or company.  Shit, isn't this obvious to anyone, by now, who frequents ZH with half a brain?

     Sure, raising the minimum wage will be harmful to small businesses, because the large corps will be able to absorb it, but it is just another way they are fucking us all.  This is what they want, they don't need us anymore, they don't want small businesses to even exist, robots will soon be doing everything.  While I'm as opposed to the Free Shit Army as anyone the amount of welfare given to the "poor" (in many cases "lazy") is a drop in the bucket compared to the billions upon billions given to the buddy-buddy system of corporate welfare and crony capitalism.

     Rasing the minimum wage isn't the solution but not for the reasons you think it isn't.

Wed, 08/13/2014 - 22:08 | 5090440 Spungo
Spungo's picture

That Nick fellow isn't very good with numbers. 100% - 38.6% - 27.7% = 33.7%
He describes a number that rounds to 1/3 as being "almost half" 

Wed, 08/13/2014 - 22:10 | 5090449 I Write Code
I Write Code's picture

It would be interesting to map this out (inflation-adjusted) over the past 200 years, I wonder when it was different.  I know part of it is a crisis of rising expectations.  Part of the reason a family can't cover a $400 expense is that they just bought a 60-inch tv.  And if they lose their crappy $30k job they go on unemployment and welfare for six months netting $29k - safety nets that did not really exist before WWII.

Also I wonder who they polled, average family income in urban areas is $60k/year.  Um.  See page 35 for their methodology, sort of.  I dunno.

Wed, 08/13/2014 - 22:14 | 5090471 Kreditanstalt
Kreditanstalt's picture

The guy eating the free food somehow has a cell phone (and monthly cell phone bill).  I kind of consider that a luxury.

Wed, 08/13/2014 - 22:22 | 5090498 Iriestx
Iriestx's picture

You can thank GWB for those Obamaphones.


Wed, 08/13/2014 - 22:52 | 5090592 db51
db51's picture

Wrong.   We have a family here in town that have 6 adults under one trailer roof all on SS Disability.   They have no expenses other than to buy cigs, beer, and lottery tickets.  Every member of the group has a cell phone with data plan...all of it paid for by Obummer.  

Wed, 08/13/2014 - 22:44 | 5090569 alexcojones
alexcojones's picture

Dear Mr Synder:  "They call it "free trade", but they never told us that we would be merged into a single global labor pool where we would be competing directly for jobs with workers on the other side of the planet that live in nations where it is legal to pay slave labor wages."


Ross Perot told us about a huge sucking sound, if GATT & NAFTA passed.

Ron Paul, and Pat Buchanan too. ALL were marginalized & Demonized, like Putin today

Thu, 08/14/2014 - 03:38 | 5091120 Not Goldman Sachs
Not Goldman Sachs's picture

Exactly. I had the same response all loaded but will defer to your preemption.

Thu, 08/14/2014 - 18:56 | 5094707 SweetDoug
SweetDoug's picture




They head faked us, never told us, that this 'free trade' didn't mean that they couldn't pull up all their manufacturing and move over there, sacking our jobs, and employing the the Asians far more cheaply than us, enabling them to raise their profit margins as our employment declined due to the cheap labour, selling our widgets back to us.

But it's on an ever-declining profit.


Soon, the race to the bottom will end.



Wed, 08/13/2014 - 22:49 | 5090583 db51
db51's picture

Burgers.   In 1970 we had a restaurant that just served burgers, fries, and other greasy shit.  The burgers were to die for.....12/$ 1.00.  Fries with lots of salt and Ketchup.   The place is still there today.  I grabbed a single burger, Fries, and a med Drink.   $ 6.50.   Cheap compared to my $ 70K Ford F250 King Ranch Pickup.  

Wed, 08/13/2014 - 23:05 | 5090624 graspAU
graspAU's picture

Prices? In 1964, a gallon of gas was 30 cents. In 2014, a gallon of gas is about 30 cents, maybe a bit under when using 3 1964 dimes (silver content worth about 1.43 * 3, not including the copper). That's a good demonstration of how the currency has been debased and how a precious metal has kept account of what has been done to our monetary system when looking at something as important as energy. Love how the folks that debase the currency like to keep track of their game ex energy and food. Wonderful for them.

Thu, 08/14/2014 - 00:16 | 5090801 VWAndy
VWAndy's picture

Yeppers energy has a real value as do the metals. The trick is in not having anything of real value to measure against. Thats why fuel is rated by octane and not by energy content. Instead its measured against other fiats all of wich are falling in real value. I would quote the krugster on this but i doubt he would have said it. 

Wed, 08/13/2014 - 23:02 | 5090630 Captain Jack Sparrow
Captain Jack Sparrow's picture

It's interesting that the Venue Project encourages the use of robots and automation so that humans can focus on improving other parts of our life.  However, this only works where money is no longer required to survive and everything is shared.  Funny how some things work well with others and some things don't work well with others.

Wed, 08/13/2014 - 23:05 | 5090634 Captain Jack Sparrow
Captain Jack Sparrow's picture

sorry 'Venus'.  Fucking keyboard

Thu, 08/14/2014 - 04:57 | 5091216 Urmakarn
Urmakarn's picture

You see, money or price isn't a cost, it simply expresses a cost. So by removing the price from a product or a service, you actually don't remove the cost of the product/service. You still need the labour and capital to produce that product/service.

Thu, 08/14/2014 - 05:43 | 5091242 Lea
Lea's picture

Americans are seeing the consequences of free trade - open competition with underpaid foreign workers, lower salaries, unbridled corporate rule backed by whatever state is left's police force (and why not? Who can stop them in a free trade system where they can buy whoever they want and pass any law that suits them, you?), no education system worth mentioning, a job market that has turned into a slave management system, etc - and what do they want?

More free trade. Give them total free rein! No more state, no more laws, the Chicago mob rule, yeepee!

NoDebt says "When the space craft is in trouble, at least Houston tries to help them out with decent advice."
In a free trade system, there is no Houston. Either you are in a no-state zone, or you are within a semblance of state that's really a privately-owned entity.
So, all in all, you're on your own against corporate giants that hold all the cards.

"If policymaking is dominated by powerful business organizations and a small number of affluent Americans, then America's claims to being a democratic society are seriously threatened."

Thu, 08/14/2014 - 07:34 | 5091365 Last of the Mid...
Last of the Middle Class's picture

Fox news is reporting almost all the jobs lost during the great recession have been gained back although some are part time and pay a little less. When you control the PROPAGANDA you control everything until the rioting in the streets begins.

Thu, 08/14/2014 - 13:41 | 5093129 morongobill
morongobill's picture

We're screwed no doubt about it. Robots and computers in, blue collars out. Better save that refrigerator box and pick up a sleeping bag.

Thu, 08/14/2014 - 18:57 | 5094710 SweetDoug
SweetDoug's picture

For those who doubt the future…


Meet the future. The future doesn’t need you.

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Not to be out done…

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A smart-object recognition algorithm that doesn’t need humans

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Realistic Sex Robot

A Wikipedia for robots

1 Million Robots To Replace 1 Million Human Jobs At Foxconn? First Robots Have Arrived.

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