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Goodbye Middle Class: 51% Of All American Workers Make Less Than $30,000 A Year
Submitted by Michael Snyder via The End of The American Dream blog,
We just got more evidence that the middle class in America is dying. According to brand new numbers that were just released by the Social Security Administration, 51 percent of all workers in the United States make less than $30,000 a year. Let that number sink in for a moment. You can’t support a middle class family in America today on just $2,500 a month – especially after taxes are taken out. And yet more than half of all workers in this country make less than that each month. In order to have a thriving middle class, you have got to have an economy that produces lots of middle class jobs, and that simply is not happening in America today.
You can find the report that the Social Security Administration just released right here. The following are some of the numbers that really stood out for me…
- -38 percent of all American workers made less than $20,000 last year.
- -51 percent of all American workers made less than $30,000 last year.
- -62 percent of all American workers made less than $40,000 last year.
- -71 percent of all American workers made less than $50,000 last year.
That first number is truly staggering. The federal poverty level for a family of five is $28,410, and yet almost 40 percent of all American workers do not even bring in $20,000 a year.
If you worked a full-time job at $10 an hour all year long with two weeks off, you would make approximately $20,000. This should tell you something about the quality of the jobs that our economy is producing at this point.
And of course the numbers above are only for those that are actually working. As I discussed just recently, there are 7.9 million working age Americans that are “officially unemployed” right now and another 94.7 million working age Americans that are considered to be “not in the labor force”. When you add those two numbers together, you get a grand total of 102.6 million working age Americans that do not have a job right now.
So many people that I know are barely scraping by right now. Many families have to fight tooth and nail just to make it from month to month, and there are lots of Americans that find themselves sinking deeper and deeper into debt.
If you can believe it, about a quarter of the country actually has a negative net worth right now.
What that means is that if you have no debt and you also have ten dollars in your pocket that gives you a greater net worth than about 25 percent of the entire country. The following comes from a recent piece by Simon Black…
Credit Suisse estimates that 25% of Americans are in this situation of having a negative net-worth.
“If you’ve no debts and have $10 in your pocket you have more wealth than 25% of Americans. More than 25% of Americans have collectively that is.”
The thing is– not only did the government create the incentives, but they set the standard.
With a net worth of negative $60 trillion, US citizens are just following dutifully in the government’s footsteps.
As a nation we are flat broke and most of us are living paycheck to paycheck. It has been estimated that it takes approximately $50,000 a year to support a middle class lifestyle for a family of four in the U.S. today, and so the fact that 71 percent of all workers make less than that amount shows how difficult it is for families that try to get by with just a single breadwinner.
Needless to say, a tremendous squeeze has been put on the middle class. In many families, both the husband and the wife are working as hard as they can, but it is still not enough. With each passing day, more Americans are losing their spots in the middle class and this has pushed government dependence to an all-time high. According to the U.S. Census Bureau, 49 percent of all Americans now live in a home that receives money from the government each month.
Sadly, the trends that are destroying the middle class in America just continue to accelerate.
With a huge assist from the Republican leadership in Congress, Barack Obama recently completed negotiations on the Trans-Pacific Partnership. Also known as Obamatrade, this insidious new treaty is going to cover nations that collectively account for 40 percent of global GDP. Just like NAFTA, this treaty will result in the loss of thousands of businesses and millions of good paying American jobs. Let us hope and pray that Congress somehow votes it down.
Another thing that is working against the middle class is the fact that technology is increasingly taking over our jobs. With each passing year, it becomes cheaper and more efficient to have computers, robots and machines do things that humans once did.
Eventually, there will be very few things that humans will be able to do more cheaply and more efficiently than computers, robots and machines. How will most of us make a living when that happens?…
The robopocalypse for workers may be inevitable. In this vision of the future, super-smart machines will best humans in pretty much every task. A few of us will own the machines, a few will work a bit… while the rest will live off a government-provided income… the most common job in most U.S. states probably will no longer be truck driver.
For decades, we have been training our young people to have the goal of “getting a job” once they get out into the real world. But in America today there are not nearly enough good jobs to go around, and this crisis is only going to accelerate as we move into the future.
I do not believe that it is wise to pin your future on a corporation that could replace you with a foreign worker or a machine the moment that it becomes expedient to do so. We need to start thinking differently, because the paradigms that worked in the past are fundamentally breaking down.
So what advice would you give to a young adult today that is looking toward the future?
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Obozo's trickle-up poverty
All aboard the gravy train.
Most Americans would give up their birthright for a free bowl of soup.
Look, Obozo is a cunt and a half, but you can't hang this one on him. He's a tool not a craftsman.
The Communist Executive Officer sets the tone and this is on the lying, traitorous fudgepacker's watch so fof course it's on the illegal indonesian kenyan muslim thing.... the thing needs its skin sandpapered off, buried in salt and then tossed out in the middle of an Iranian desert with a can of Pennzoil....
The kenyan nigger is the one making secret trade agreements, so YES, the blame goes on him.
It looks like many more people need to be quitting their meager jobs and making more on welfare.
Personally, I recently went gault and gave up a high paying job:
I refuse to be a part of the never ending fraud that forces me at gunpoint to pay for every nigger's food, housing, phone and now health care.
I refuse to bow down to employers who demand more and more of my free time.
Most of all, I refuse to sit in insane urban traffic because the fed's phoney money has made it impossible to own a home within 40 miles of a so-called high paying job.
Good luck.
When this thing finally falls apart, it will be the combination of declined incomes and morality that will expose how rotten it has gotten. Walk Dead will be lived out in the streets. Zombies are those who have nothing of value (money and morals). I want to be Rick but probably overwhelmed and killed by a hoard of zombies.
And the other 49% work for .gov.
It has been estimated that it takes approximately $50,000 a year to support a middle class lifestyle for a family of four in the U.S. today
50k? Where? For decent school zone area (i.e. a place that doesn't think 'creationism' is a legit subject and evolution is not) that's gotta be more like $300k+
Even for a single person 50k would be very lean.
You sound like a model employee.
America's collapse = O'Bama's Legacy.
" Yes we can! "
It's Galt. But I wouldn't have expected you to be able to spell it correctly.
Nice work mkkby;
I'm seriously thinking about building my own fucking houseboat, and living on it down south. No property taxes, no school tax, just a few hundred square feet of deck, hammock, composting toilet and a solar panel or three.
Few acres on some tribuntary where I can tie up once in a while and fuck this working like a nigger for the niggers.
Good idea. I'm hearing a lot about people doing that with used/cheap RVs. If it's on wheels, then it's not considered a structure for property tax purposes.
Obama will still find you. He is in the process of claiming all streams and rivers in the US; your boat will soon be on his land.
I also went Galt about 2.5 years ago, giving up a six figure job with full bennies in my 40s. I just got so fed up with the system, said screw it. Always was a frugal person and saved large amounts of yearly salary to invest. Now I'm just focused on living the life I want to live instead of bowing down to the man umpteen times per day and dealing with 3 hr round trip work commutes. All that stress and hassle of being a productive citizen only to see the worthless government do reach arounds and take 30%+ of what I earn. Nope, not anymore. While I have not transitioned to being a leech (drawing any government subsidies), I am very focused on doing my part to starve the machine and pay as little taxes moving forward as humanly possible.
In your 40s? I bet it took your employer at least a dozen seconds to find your replacement.
I'm sure good for you and all that but it's not really 'going galt' unless you are irreplaceable.
Only blacks are on welfare, except for all the white trash in my town. The blacks are the ones fucking you bro, not the banks and the gov. It's all the Blacks and Mexicans. Only people with color in there skin do evil shit and are lazy bums. You're really smart kid. Go read some more Spider-Man comics and leave reality to the adults. Pretty sad how many thumbs up losers voted for this retarded comment.
Keep being a SJW and parroting what they tell you on TV. No matter how much you suck up, they hate your guts and will cap your ass when ever they get the chance.
Ah fuck it. There's no fixing stupid.
You are clueless. But that is to be expected from a hate-infested, far-right ignoramus.
I am genuinely surprised that you have the mental capacity to operate a personal computer.
Hey dawg go look at the black on white rape, murder rates and compare to the white on black rape, murder rates.
Your type makes me lol.
Uneducated, racist bigot. It is your mentality which is the disease that sickens your society so much.
(Referring directly to poster "mkkby").
Congrats!
And, don't forget that owning a home within 40 miles of a high-paying job could very well place you amongst violent looting shooting predators--the very same niggers for whom you are paying for food, housing, smart phones and now health care.
Obama rules.
Fucking Party Pussy. Non-stop. You hang around here to toss out that tired shit time and time again.
What of the world, of the world BEFORE Obama? You know, the one in which the vast majority of humans on the planet make the equivalent of a cup of Starbucks?
Plain and simple: You FAIL.
I detest the chief-in-chair-sitter, but I don't feel the need to make it my hobby to blast that person (who is but a puppet).
Either you're an igornorant fuck or you're a party pussy.
LOL. I hate both parties. We know who run things and it's not presidents. Hard to not dis-obama though, he's pretty damn bad. Can't blast him enoug IMO. I'll blast the next one too, don't fret.
Seer wasn't talking to you.
If he/she hit "Reply" on the post of whoever it was, it would be easier to tell.
he/she did, hence the indentation of his comment box.
Bring back Captcha, and save us from the masses, please. I understand the need for ad revenues and know it's now all about eyeballs, but is sure was nice when you had to have at least basic math skills to post.
Even the Hedge has been corporatized.
No longer merely inevitable, Global Economic Apocalypse is starting to look more and more attractive.
Obama only does what the Job Creators tell him to do.
That's fine by me.
I'm lowering my tax liability and increasing my fun.
Starve the assholes.
LOL.......BUY STAWKS!!!!!!
Sorry duc, FAIL. The people cannot starve a system based on printed phoney money. The fed is already printing 1/3 or more of what the gov spends. Illegals and H1Bs will take over any vacant job, as they have now for decades.
Eventually after most of europe and japan "go greece" the US will have it's reset. Just enjoy life the best you can until then. They can kick the can for a long, long time.
Holy crap I'm accelerating towards the 1%! Thanks Obama!
RE
This is where the line really is drawn: it's not so much the 99% vs the 1% as it is the 71% vs the 29%. That because 28% of those in the 29% rely so much on the 1% to live their materialistic, narcassitic lifestyles that they will do anything to protect their nests. Including throwing the majority of the country under the bus...which these stats show they have actually already have done that.
France has a 99 v 1 situation, and the guillotines came out. Quickly. This is starting to fervent in countries like Saudi Arabia, Bahrain, Syria....places where empire is highly involved. The shit is going to get worse before it gets better...because those "in power" have no interest in changing anything.
The design of this 'miracle' is the 1% of the 1%, let's not obfuscate.
I just came from a seminar for HR in the future for gen Z and how their future will be when they join the workforce as thenfirst are turning 18 this year.
Gen Z will have a very hard time and how they saw it was all about the KRAFT
kraftwork... and it's what people want, the "local" stuff and not the multinational products, one size fits all products.
So 50% will become independent according to that think tank. Not to become rich but because their believe in bulking. Work 20 hours a day followed by debulking by taking 2 days off.
So in a way...
It's a answer to robotisation...
But if you look to it from a distance... it looks more to me like a underground local economy where they'll try to survive and where globalization won't be in their vocabular because that will be the products they can't afford.
And if you visit azia, south america et all, they predict we'll get what they have. Small stands selling and repairing everything so maybe they'll be able to buy food and a tin roof.
We're walking into a nightmare and it's not in the far far future.
It's really close.
50% will be able to adjust, and 50% won't. What will happen to those Z's who can't adopt, they didn't say or even mention. So they'll fall off the graphs I guess.
There's an historical norm. The oil-era is a substantial deviation from the norm. It's pretty much a given what direction things are to head. We won't be able to maintain the necessary infrastructure that supports the global economy: it's given it, the global economy, the ability to scale up to such a gerat size- economies of scale in reverse, going down, down, down...
It's bett not to think this one through, we're nearing it at lightning speed and we can't stop it.
We can only pray it doesn't happen to fast and that we're not confronted with it and our kids can adopt to it.
But never the less the transition itself will be painfull to say the least.
Fall off the graphs, but only after they burn the cities.
Look to sell anything you need buyers with free cash flow - it is not going to be there for artisan products - $20,000 = $10.00 per hour - wages need to be $2.00 per hour to overcome far east - China / Vietnam - plus shipping cost - people in rural areas where the land and buildings can be low cost and if they dont use air conditioning very much or drive much then $3-5,000 is all there will be at the low endfor cash flow
for those up the food chain - management positions will be part time - pay will be $20-60,000 - government at local and state level will declare Bankruptcy under the new muni laws enacted after the election - massive force reduction especially in education - no pensions anywhere post BK.
The kids dont have a chance which is why they are stopping incarceration as the solution - the jail population will be the only steady meal and housing these people will see
Murder by Neglect is what will be the norm - citizens are reverted to labor status with marginal utility declared early in life - and then off the air quickly
massive real estate debacle - cash flow to pay rents ? - check what is happening in Athens - landlords cant pay the Real estate taxes since their tenants cant pay them but the property taxes are collected with electric bills - no pay tax - no get electricity
there was good reason for Jade Helm!
Half the country has a bachelor, management jobs are pretty standard down the line you know, and management of who?
Engineering and electricians will have a shot in repairing that crap.
We'll maybe have another bubble in the robot industry... maybe... as the retail might be to broke to buy stocks.
And don't count on those hourly wages at all, they'll work below the transportation costs of the azian countries, those will go up a bit because mass transport will dy off but then again self driving trucks will spoil that to.
Fron any angle you look at it, it's bad.
I just pray I can leave my kids a chance and enough for them to get a good life.
If robots become advanced enough to be a widespread replacement to human labor, who/what do you really think will build the robots? Ummm... robots.
Real estate is the last bastion of wealth in this country, so the elites are engineering its transfer from the middle and upper middle class to the elites. This is all by design so they can consolidate their New Feudal World Order.
It started after the Dot Com Bust with the Housing Bubble. That was for Owner Occupied McMansions. The popping of that Real Estate bubble has shaken out the Owner Occupied class in favor of the Renter Class. The current Rental Owners are going to be shaken out in the next Real Estate Bust, and the Oligarchs will pick that up. Think REIT's run by JPMorgan, etc. Just like Family Farms have been replaced with Corporate Farms. The same will be done with the current Renter Class or Renters and Rental Owners. Consolidation into giant REIT like entities the will control massive amounts of human renters. All this influence will allow for equally massive govt. subsidies as the inevitable slow collapses continue. EBT for Renters, ala Rental Assistance... all govt subsidized to keep the sheeple voting for more govt while also keeping them controlled.
The last piece is the Security State. The only middle class will be those that are part of the Security State because they will be necessary to the Elites to keep all this from blowing up in their faces. This will probably be about the 25% like you say, maybe 20%, but not much less since this puts the whole order at risk. So expect 70-75% in poverty and totally dependent upon the upper classes, with about 50% as useful Debt Slaves (serfs) earning just enough to eek out a meager existence while providing the horn of plenty for the upper classes. The final 25% will be cannon fodder in future wars, or relegated to inner city slums like Detroit. These slums will be so bad, that not even the Security State will bother trying to control them. There it will be survival of the fittest, and gangs will essentially rule, probably along ethnic and/or religions lines.
Bottome line = Rulers on top, paying Elites to do their bidding and control the serfs. Debt slaves to provide the labor necessary for the upper classes, and Barbarians that live outside the order in their own do or die world. Welcome to the New Feudal World Order, same as it ever was.
I like the comment but we all saw the Hunger Games...
And the other 29% are employed by .gov.
Yep, they are vital to the Security State to keep the whole thing from blowing apart.
The situation will only get worse with the implementation of TPP.
TPP = Thoroughly Plundered Population.
Ding, ding, ding -- winner.
The global middle class has grown, it just moved to Chindia
Had enough America.... last 7 years of Obama's rescue the rich is criminal
how did this happen ? ..a mere millionaire is the new middle class !
The mathematics of exponents.
"So what advice would you give to a young adult today that is looking toward the future?"
Get a job working for the government.
I hear the drug field is booming - and it's not just for government any more, either.
Make sure you get one of those gubmint jobs where you can partee on the taxpayers dime:
The U.S. Drug Enforcement Administration has allowed its employees to stay on the job despite internal investigations that found they had distributed drugs, lied to the authorities or committed other serious misconduct, newly disclosed records show.
http://www.usatoday.com/story/news/2015/09/27/few-dea-agents-fired-misco...
DEA agents also arranged hookers for Secret Servicehttp://www.washingtonexaminer.com/dea-agents-also-arranged-hookers-for-s...
What a sweet friggin job!
Lots of perks working for The Man, plus great job security (no longer so sure about promised retirement benefits, though).
My son gets to ride around with a submachine gun in his car, in a state which does not permit the plebeians to even own such items.
Yee-haw!
Makes you wonder where the 2.2 trillion a year comes from to run the chicken-shit outfit. Oh, that's right. Your kids.
And yet many still look to government for a fix. Government caused the problem. Thinking either party is going to fix it is the definition of insanity.
We are told over and over, when it comes to opposition of the march towards tyrannical statism that "This isn't the hill to die on." Well they have convinced me that the eventual hill to die on will be the one I literally die on. The agenda marches on.
Govt + Corporations. Remember, the start of this latest big crunch came about because industries over-scaled; when they started to flounder the govt stepped in to prop them up. No one put a gun to the corporations' heads and told them to scale recklessly: yes, the low interest rates pretty much pushed it as such, but then again the option was there to NOT engage (with Wall Street controlling, however, the pound of flesh was necessary, so I suppose you could say it was an invisible gun [which is why buy-backs are, in my mind, a somewhat rational thing in that I see it as an attempt to claw back decision-making away from Wall Street).
"Thinking either party is going to fix it is the definition of insanity. "
We're on a fast track to hell... That was the trajectory from the time we decided that perpetual growth on a finite planet was possible.
Govt = Corporations.
There. I fixed it for you.
Wealth inequality = Revolution
As soon as a company goes public and becomes 'listed', everything changes. It immediately becomes nothing but quarterly results and gaining market share. Gotta grow, grow, grow and keep the stockholders happy. The entrepreneur who built the business is pushed aside as the "professionals" take over.
Buying back the stock does nothing, other than making the outstanding shares notionally more valuable, unless most or all of it comes back and control is in the hands of someone who genuinely cares about the long term success of the company. No one ever loves that baby like the founders.
You're looking at household versus individual primarily in this example. I mean, it's bad, but it's not as bad as this article is trying to play it off as.
It's ALWAYS an intermediate goal of Communist revolutionaries to destroy the middle class. It increases the ranks of the agrieved and minimizes the ranks of those who might oppose revolution.
It's a DELIBERATE part of the Communist in Chief's plan. http://www.theblaze.com/contributions/what-obama-and-i-learned-at-columb...
Manifesto of Communist Party:
"You must, therefore, confess that by “individual” you mean no other person than the bourgeois, than the middle-class owner of property. This person must, indeed, be swept out of the way, and made impossible." https://www.marxists.org/archive/marx/works/1848/communist-manifesto/ch02.htm
KGB Strategy as told by defector: https://www.youtube.com/watch?v=y3qkf3bajd4
In Russia, the average salary is less than $6000 per year!
Whenever is see the Putin-fellators here talking about what a great leader he is, I like to calculate the multiple of my household income to Russian average household income.
Dude, half of Europe has average salary below $10.000 a year. Russians have no external debt and low domestic one, their wealth is going to rise. Beside that the taxes are much lower there counting the healthcare and property taxes.
Only due to banksters and FED you have the "low" average salary $30.000, US is a parasite of the world, there is very little produced there. When the dollar tanks, you will be tankful even for those $6000 bucks in current value and rather will accept juan or ruble.
Meanwhile, back in the real world, the USA is the world's second largest exporter. China exports more, but with much lower profit margins. So in fact, the USA is the world's largest exporter in terms of profits.
I'm not sure what the juan is. Your latin lover-boy, maybe? If you are trying to discuss curencies, you may be thinking of the yuan, better known as the RMB.
HALF OF EUROPE ARE GOVERNMENT WORKERS, so your stats are way off, and you're bullshitting to make your point. Bullshitters always exaggerate because they have low self-esteem. In a large number of European countries they make more than that on WELFARE!!! Your exaggeration is sickeningly exaggerated. You aren't including Pakistan and Banglidesh as Europe are you?
None of the other things he said were right, so it should be no surprise that his European "facts" were nonsense also.
Who cares about Russia?
I probably paid 2x more in taxes last year than your gross income. I like to calculate the multiple of my income to yomutti's family.
Floor trader and pricing analyst? No, jack, your income is not that high. But if it pleases you to think so, go to it.
yonutti measures his income in potatos
Who do you fellate? Inquiring minds want to know who you shills suck off. Should be good for a laugh.
Nice job pulling that $6k/yr figure out of your ass. Take a look at this and get back to me: http://www.oecdbetterlifeindex.org/countries/russian-federation/ (hint: it says Russia per capita income is $19.3k/yr)
Keep in mind that Russia's tax rate is very low and many folks have no house payment due to the gov't turning over apartments to those that lived in them when the USSR collapsed.
While it's still better to live in the US, the US is headed down and I'd argue Russia is headed up - if one ignores the last couple of years of financial hijinks that have caused the collapse in the Ruble.
I make way more than the people I know in Russia yet they take way more vacation than I do. I'm wondering who gets the better deal.
Actually numbers were Sept. 2015 data at current exchange rates:
https://en.wikipedia.org/wiki/Economy_of_Russia
Yes, teh number would be higher if you used an obsolete source and exchange rate, as you did. But since Putin has trashed the russian economy, and especially the ruble, things are much worse now. Just ask the average Russian :)
Actually numbers were Sept. 2015 data at current exchange rates:
https://en.wikipedia.org/wiki/Economy_of_Russia
Yes, teh number would be higher if you used an obsolete source and exchange rate, as you did. But since Putin has trashed the russian economy, and especially the ruble, things are much worse now. Just ask the average Russian :)
The federal poverty level for a family of five is $28,410, and yet almost 40 percent of all American workers do not even bring in $20,000 a year.
True but when all five work (with free education and healthcare and food stamps while the kids are young, with subidies for housing, childcare, etc.) after the kids are 18 they make $100K a year, and have no student loans!
I used an inflation calculator to figure out that $50,000 today was equal to about $28,000 in 1990. Comparing wage statistics between 1990 and 2014 shows that 79% of workers earned less than $28,000 in 1990 so does that mean we're better off today?
http://www.ssa.gov/cgi-bin/netcomp.cgi?year=1989
http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=50000&year1=2014&year2=1990
$50,000 today was equal to about $28,000 in 1990
And yet DJI increased by a factor of SIX
Everything is relative.
In 1984 my dad made $50,000 a year with full paid health and dental benefits working in a factory (no college degree required).
The equivalent today would be about $111,500 plus the benefits.
My spouse has a degree and a decade of experience in IT (system administrator) and makes $85,000 a year and we have to kick in for health insurance.
So what advice would you give to a young adult today that is looking toward the future?
Read and watch Napoleon Hill, Think and Grow Rich: https://archive.org/search.php?query=Think%20and%20Grow%20Rich
I read it fresh out of the Army in the early 90's and have enjoyed life ever since! :-)
Everything is possible to those who know how to get things done.
Also, read The Richest Man in Babylon by Og Mandino (a compelling, if not dispositive, argument for living within one's means).
Eat to Live by Joel Fuhrman is also time well spent.
The article is inane of course, because it doesn't compare absolute numbers vs. time orr income against cost of living as a function of time. Certainly, the nominal numbers here are larger than 20 years ago so does that mean people are actually richer or not? You'll never know from this article.
All done by design...but instead of watching and knowing everything there is to know about the nigger football league, why aren't the sheeple storming the shitholes with pitchforks by now? Amazing how 50+ years of MSM, GMO, Kim K's ass, and American Idol have done to the brain.
You know, things really have changed. 50 years ago, Kim Kardashian wouldn't even be able to get a date with that big ass of hers.
These are the "Good 'Ol Days" if Hitlery gets in...
Until Americans wake up, nothing will change. The majority of these folks have no problem shopping at Walmart, buying everything made in China, and voting Democrat. Then they turn around and complain that all the good jobs are gone.
How does the way people vote matter in any way?
Goodbye midde class? These numbers are the best they've ever been! It was 52% last year. It's improvement across income brackets, and a massive improvement from 2010.
Has the middle class always been dead?
what these articles miss is the new full time is 29hrs/wk with the same hourly pay as full time so full time means a 25% cut in pay. that is how so many people earn so little. and it isn't like a $10/hr job is easy to get.
No way would I ever work for the kind of chump change that is being doled out today. I'd sleep on the beach, surf all day and fish for my supper first.
Fortunately, for anyone with a brain, that is unnecessary...
Allow me to offer three lessons in life that will serve you well, especially if you're just starting out in life.
1. Birth control.
2. Debt is slavery.
3. Work performed on one's own behalf is tax free.
Single mothers working as hookers , there fixed it
Finally, the lies are being exposed. This country has been shit for jobs for a very long time. The only people who have had that idyllic middle class lifestyle have been vassals of the state, and the rest have been going along with that lie.
Things will start changing soon.
Big Deal! Obama's borthers and sisters make more than that on Welfare/SNAP/Section 8 etc so the economy is STRONG.
Halloween Sales is brisk. WTH is ZH talking about.
Hard to support the beasts like Social Security, Medicade, Medicare, Departments of Education, Agriculture, et al, IRS, etc etc when there is nothing to take. Starving themselves indeed.
Yeah, but they get top up free shits.
And the beauty is most of those people making a low wage or have a low or negative net worth are and will be having babies and more babies, not grasping the idiocy of doing that. It's the same for those who see the rapid increase in technology making more human jobs useless each year and still having babies as though SOMEHOW things are going to do a 180 rather than get worse.
One of the biggest problems in the world is how much the population is increasing compared to how humanity is moving in a more automated and somewhat more efficient way. It's simple math and simple logic but it's lost on people who apparently feel having kids is one's right and that people shouldn't be screwed out of thier right or wish to apss on thier more than likely useless genes. Reality doesn't really care what one's rights or wishes are.
Humans really are a dumb lot as one would seem to think this stuff is obvious to grasp but it's lost on billions and the world is going to be a pretty amusing place in a couple decades.
Now, now. Settle down. All we gots to do is de-fund Planned Parenthood, and things will be swell I tell you, just swell. No worries.
The average Obama voter makes $60K in free shit from Uncle Barry
Citation needed.
Take the majority down until there is revolt.
Best plan to the road to communism.
yep, I'm in that club, I had a better standard of living, brand new vehicle, saving money in the early 90's, than I do today, still drive a used vehicle purchase 12 years ago, with nearly half what I make today.
So who in the fuck are buying all those houses in the 500k to 1 mill range? Not the Japanese, with their currency they couldn't afford to buy a piece of candy in the U.S. The Chinese nope: their market has tanked and their regulators are cracking town. South Americans nope: their economy is completely trashed. Russians nope: oil down with political tension limits their exposure. Europeans, hahahahaha nope: they have Draghi. Australians nope, their market is in shambles due to commodities. Maybe it's the Africans because I'm out of people. Maybe its some pirate out of Somalia who robbed a cargo ship carrying Bernanke bills and he decided to go into real estate speculation in the U.S. because he heard a commercial on the radio about flipping houses.
Retired Canadian politicians.
The Japanese? Oh, they have money all right but they are not stupid enough to invest in USA AGAIN after the losses they made the first time around. They are also not desperate to leave Japan like the Chinese are. They have leared that USA is a bust and so are mostly staying away.
No, it is absolutely the Chinese - nearly all foreign investors from China (with a smattering fromTaiwan). Many are middle ranking CCP officials who know how serious China's problems are and want to get their money, families and themselves the hell out before it all really blows up in their faces (and they face arrest on some trumped-up bribery charges but in reality all political maneuvering).
These are the people buying up large properties and buildings as well as offices in order to "invest" in USA to get their green cards. Of course, this massive rush of Chinese money and ownership (accompanied with their racist discriminatory hiring and rental practices) is causing calls for this investor immigration program to be ended and fast.
This is not unlike Canada, which found out that hoardes of Chinese were not coming to become Canadians but were coming to settle and colonize! (Oh and don't worry. They never use race as a reason, just language. Of course, chances are even if one does learn Chinese he or she will not get the job or the apartment, save the tokens needed to avoid a law suit.)
Of course the same can be said of other minorities, including my own Indians, but none take it to the scale that the Chinese do.
So there you have it. The real state of USA real estate market, all ready to collapse.
If you want to make more than $50,000 a year - find a job (or start your own) where you actually make a useful product that can be sold anywhere on the planet - and then make twice as much money for your boss as it costs to pay your salary and benefits.
Hookers and Blow.
These numbers are meaningless without any demographic context. How many of these are part-time jobs? How many are held by retirees? I would rather punch myself in the nuts repeatedly than be a greeter at Wal-Mart, but lots of oldsters love that shit. They're making under $30K a year but for a lot of those folks it's extra money and it's a few hours a week. How many of these jobs are part or full time jobs from the 16-22 year old crowd? They're studying and working part time, or if they are working full time they're making $8/hour because they're 19. But they're living at home.
Snyder loves to throw out scare numbers devoid of any context that would help interpret them.
Don't go getting all reasonable. You'll get downvoted.
Another issue is we obviously don't have 158K workers. The household survey puts it around 10K less than that. Which means those 10k are working two part time jobs, which probably puts their income well over that 30K threshold.
There are 94 million healthy adults of working age that aren't even counted any more. There are a few million "unemployed". Of the rest, the numbers you see in the article describe a very piss poor state of the economy. Only about 10% of the people are doing well at all.
So why do you need any more context than that?
Remember back in the 70's when all those nuts were driving around with bumper stickers that read, Buy American..
nobody listens to nuts now either... even if they are right.
Back in the 70's I was an outside salesman for an oilfield supply firm. Our company only stocked products manufactured in the U.S.A.
Problem is: I couldn't sell shit to contractors, refineries, etc. because the cost of the products we stocked was higher than my competitors were charging for pipe, valves, fittings, etc. (all made in Germany, China, you name it).
So I had to start selling this foreign shit, or I made no sales, because if I made no sales, I was like... uh... fired?
Anyway, I starting talking to my fellow salesmen (competitors) about it from time to time, and they all said they were having to do the same damn thing, and how they also thought it sucked... having to sell foreign shit instead of American made products.
Everybody hated it, but nobody would stop doing it.
Somewhat similar to people saying 'don't buy that Chinese crap in Walmart' and the next week you see them parked at Walmart, loading up.
WE PROTEST CORPORATE GREED!!!
-38 percent of all American workers made less than $20,000 last year.
-51 percent of all American workers made less than $30,000 last year.
-62 percent of all American workers made less than $40,000 last year.
-71 percent of all American workers made less than $50,000 last year.
yes mr snyder, but how much in obola subsidies and other free shit are they getting to go with those crappy salaries....please give us the whole picture including how it benefits the corporations that federal, state and local tax dollars are subsidizing the difference and how great it makes the corporate balance sheets look so much better
You can look it up. The money for poor people is closer to zero than is the amount the Fed misplaces every year. The money spent on the entire food stamp program is a rounding error to the Fed's balance sheet. And that feeds 53 million people.
So why are there so many problems with money these days? Feeding and housing people is almost free, due to advancing technology. I wonder who is raking in the surplus if it isn't in people's paychecks.
Here's the Social Security Administration's wage statistics for 2013.
http://www.ssa.gov/cgi-bin/netcomp.cgi?year=2013
Notice sumpin'?
The people making less than $10k are part-timers, probably the second income in the family or teenagers and college students. Full time at the federal minimum wage is $14,500 a year ($7.25/hr. * 2000 hrs.). Everybody take a deep breath.
Find out just what any people will quietly submit to and you have the exact measure of the injustice and wrong which will be imposed on them.
Frederick Douglass
SOCIALIST AT THEIR BEST!!!!!!!!
Massive mistake destroying the middle class, which is like a filter between the elite and the poor, once that filter is gone the shit hits the fan, this is like clockwork, guaran-fuckin-teed!