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Paul Craig Roberts: Can The American Economy Be Resurrected?
The problem is the American Multinationals off-shored well paid American jobs to China and Asia.
How can the American Corporations be made to bring back well paid jobs to America?
zerohedge.com/geopolitical/c…
The problem is the American Multinationals off-shored well paid American jobs to China and Asia.
How can the American Corporations be made to bring back well paid jobs to America?
zerohedge.com/geopolitical/c…
The U.S. has the highest percentage of low paid & minimum wage jobs of any developed country in the world.
Which is why it increasingly looks like a 3rd World economy.
Which is why it increasingly looks like a 3rd World economy.
Median male income has been reduced to levels not seen since the 1960's.
The billionaire class & those who feed off them (lawyers, lobbyists, financial speculators, bankers, CEO's, Board Members & senior managers etc.) have done very well, everyone else - not so much.
The billionaire class & those who feed off them (lawyers, lobbyists, financial speculators, bankers, CEO's, Board Members & senior managers etc.) have done very well, everyone else - not so much.
The small increase in median Household income since 1965/1970 is entirely due to the massive increase in two income households.
In 1970 there were very few two income households & most people had comfortable middle class lifestyles.
Now it takes two incomes to barely scrape by.
In 1970 there were very few two income households & most people had comfortable middle class lifestyles.
Now it takes two incomes to barely scrape by.
The share of Total U.S. Income taken by the top 0.01% now exceeds the levels of the great financial bubble of the 1920's - which led to the 1929-1932 financial crash and Great Depression.
A top cause of Middle America's current impoverishment was Bill Clinton & his Treasury Sec Larry Summers (both Globalist bankster puppets) pushing for China's WTO membership (which benefitted China & America's Oligarchs to the detriment of the U.S.)
en.wikipedia.org/wiki/China_and…
en.wikipedia.org/wiki/China_and…
Allowing China into the WTO, repealing Glass Steagall, bailing out Wall St at the expense of Main Street in 2008/2009 to make Wall Street Globalists EVEN MORE powerful, the Neocon Wars to create $tn's more debt, & endemic DC corruption caused the destruction of American hegemony.
