Take a few moments to read over the facts compiled below. Taken together, they provide compelling evidence that the working class is being systematically wiped out....
#1 Right now, the U.S. government says that 14.1 million Americans are unemployed.
#2 There are fewer payroll jobs in the United States today than there were back in 2000 even though we have added 30 million people to the population since then.
#3 The number of Americans that are "not in the labor force" is at an all-time high.
#4 The United States has never had an employment downturn this deep and this prolonged since World War 2 ended.
#5 There are officially 6.3 million Americans that have been unemployed for more than 6 months. That number has risen by more than 3.5 million in just the past two years.
#6 It now takes the average unemployed worker in America about 40 weeks to find a new job.
#7 There are now about 7.25 million fewer jobs in America than when the recession began back in 2007.
#8 Back in 2000, the employment to population ratio was over 64 percent. Today, it is sitting at just 58.2%.
#9 Only 66.8% of American men had a job last year. That was the lowest level that has ever been recorded in all of U.S. history.
#10 During this economic downturn, employee compensation in the United States has been the lowest that it has been relative to gross domestic product in over 50 years.
#11 The number of "low income jobs" in the U.S. has risen steadily over the past 30 years and they now account for 41 percent of all jobs in the United States.
#12 Half of all American workers now earn $505 or less per week.
#13 According to a report released in February from the National Employment Law Project, higher wage industries are accounting for 40 percent of the job losses in America but only 14 percent of the job growth. Lower wage industries are accounting for just 23 percent of the job losses but 49 percent of the job growth.
#14 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.
#15 Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost.
#16 Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in the United States are manufacturing jobs.
#17 Do you remember when the United States was the dominant manufacturer of automobiles and trucks on the globe? Well, in 2010 the U.S. ran a trade deficit in automobiles, trucks and parts of $110 billion.
#18 In 2010, South Korea exported 12 times as many automobiles, trucks and parts to us as we exported to them.
#19 The United States now spends more than 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.
#20 Since China entered the WTO in 2001, the U.S. trade deficit with China has grown by an average of 18% per year.
#21 The U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.
#22 The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.
#23 In 2002, the United States had a trade deficit in "advanced technology products" of $16 billion with the rest of the world. In 2010, that number skyrocketed to $82 billion.
#24 Manufacturing employment in the U.S. computer industry was actually lower in 2010 than it was in 1975.
#25 Since 2001, over 42,000 manufacturing facilities in the United States have been closed.
#26 There were more manufacturing jobs in the United States in 1950 than there are today.
#27 Since the year 2000, we have lost approximately 10% of our middle class jobs. In the year 2000 there were about 72 million middle class jobs in the United States but today there are only about 65 million middle class jobs. Meanwhile, our population has gotten significantly larger.
#28 When you adjust wages for inflation, middle class workers in the United States make less money today than they did back in 1971.
#29 One recent survey found that 9 out of 10 U.S. workers do not expect their wages to keep up with soaring food prices and soaring gas prices over the next 12 months.
#30 Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.
#31 One out of every six elderly Americans now lives below the federal poverty line.
#32 According to one recent study, approximately 21 percent of all children in the United States were living below the poverty line in 2010.
#33 Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid.
#34 As 2007 began, there were 26 million Americans on food stamps. Today, there are more than 44 million Americans on food stamps, which is an all-time record.
#35 Today, one out of every four American children is on food stamps.
#36 59 percent of all Americans now receive money from the federal government in one form or another.
#37 The number of Americans that are going to food pantries and soup kitchens has increased by 46% since 2006.
#38 In the United States today, the richest one percent of all Americans have a greater net worth than the bottom 90 percent combined.
#39 According to Moody's Analytics, the wealthiest 5% of all households in the United States now account for approximately 37% of all consumer spending.
#40 The poorest 50% of all Americans collectively own just 2.5% of all the wealth in the United States.
The cold, hard reality of the matter is that the United States is experiencing a long-term economic decline.
Link:
http://theeconomiccollapseblog.com/archives/rampant-unemployment-the-death-of-the-middle-class-22-facts-that-prove-the-working-class-is-being-systematically-wiped-out
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