More of the same but worse...

30 Reasons Why 2011 Is Going To Be Another Crappy Year For America’s Middle Class

The following are 30 reasons why 2011 is going to be another crappy year for America's middle class....

#1 We are bleeding middle class jobs at a pace that is staggering. Since the year 2000, the United States has lost 10% of its 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.

#2 In particular, the United States is absolutely hemorrhaging manufacturing jobs. 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.

#3 The decline of manufacturing in America has only accelerated over the past decade. The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.

#4 Deindustrialization is creating ghost towns in some areas of the United States. Even some of America's biggest cities are now only a shadow of what they used to be. Since 1950, the population of Pittsburgh, Pennsylvania has declined by more than 50 percent. In Dayton, Ohio 18.9 percent of all houses now stand empty.

#5 We have literally seen tens of thousands of American factories close down permanently over the past decade. Since 2001, over 42,000 U.S. factories have closed down for good.

#6 U.S. companies now create more jobs overseas than they do in the United States. Over the past year, American companies have created 1.4 million jobs overseas but less than a million jobs here at home.

#7 When Americans lose their jobs these days they typically end up having to take new jobs that do not pay as much. According to one recent study, the majority of unemployed Americans that have been able to find new jobs during this economic downturn have been forced to accept a cut in pay.

#8 The overwhelming majority of the jobs that the U.S. economy is creating now are low paying jobs. In fact, more than 40% of Americans who actually are employed are now working in service jobs, which are often very low paying.

#9 The number of long-term unemployed continues to skyrocket in this country. As 2007 began, there were just over 1 million Americans that had been unemployed for half a year or longer. Today, there are over 6 million Americans that have been unemployed for half a year or longer.

#10 For those who are out of work, the wait can be excruciating. It now takes the average unemployed American over 33 weeks to find a job.

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