Mass Poverty, Social Inequality And The Thirdworldization Of America
Center for Economic and Policy Research co-director Dean Baker calls poverty America’s “new growth industry.” The state of today’s America is deplorable.
In his latest May 3 analysis, economist John Williams said “April “employment and unemployment data were nonsense: the economy remains in serious trouble.”
About 23% of Americans wanting work can’t find it. Most jobs are temp or part-time low pay/poor or no benefit service ones with no futures. Conditions are getting worse, not better.
Federal, state and local government jobs were lost. Construction shed 6,000 jobs. Zero manufacturing jobs were created. Most good ones are overseas. They’ve been offshored to low-wage countries.
Economist David Rosenberg called April a “potemkin payroll report. Where’s the income hiding,” he asked? Average wage-based income declined 0.4%. It was the biggest drop since last October.
Market analyst Graham Summers discussed “a truly horrible economic reality” beneath April’s headline job numbers. The average workweek declined by 0.2 hours. The average manufacturing workweek was down 0.3%.
Fewer overall hours worked subtracts 15 minutes per week. Applied to private sector employment, it’s “the equivalent of over 21 million work hours lost in one month.”
It’s the biggest decline since April 2009. At that time, the economy was “absolutely imploding. It’s numerical equivalent of firing 718,000+ people.”
It’s how companies begin dealing with downturns. “They don’t start laying people off en masse….they start cutting work hours bit by bit.”
Mass layoffs arrive during “full-blown recessions. The first stage “is already happening.” Clear signs show it.
Markets are euphoric. They’re hitting new highs. Economic contraction is ignored. It happened in 2000 and 2008. Warning signs look ominously like earlier.
Peter B. Edelman co-directs Georgetown University’s Center on Poverty, Inequality, and Public Policy. He calls “low-wage work” in America “pandemic.”
America “descended into poverty,” said Paul Craig Roberts. Growing millions struggle to get by. Many are “one medical problem or lost job away from homelessness.”
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).
FRAUDULENT DATA AERT. FRAUDULENT DATA ALERT.
Organizations Funded Directly by George Soros and his Open …
keywiki.org/…Directly_by_George_Soros_and_his_Open_Society_Institute
George Soros (born August 12, 1930, as György Schwartz, in Budapest, … Center for Economic and Policy Research; Center for Investigative Reporting
Anything Soros touchs is tainted with Global Government intent and is unfit for human consumption.
Soros gives to over 1500 different so called philanthropies, and NOT ONE OF THESE ACTUALLY HELPS ANYONE WITH FULFILLING A DIRECT NEED, they are all political manipulations who’s entire purpose is to bring about the New World Order. Doing so means the death of America and her prosperity under Protestism and the hand of divine providence.
Keep your hands off my wallet lest you desire to bear the nickname ” stumpy “. I do not tolerate fools easily, specifically those seeking to enslave me with lies and manipulations.
God Bless ( under causation )
Stēkō