WELFARE, a NEW, AMERICAN NEED
GOODBYE MIDDLE CLASS
51 Percent Of All American Workers
Make Less Than POVERTY LINE!
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 of 4 in America today on just $2,500 a month – especially after taxes, Rent, Food, Utilities, togs, Shoes and gas are taken out.
And yet ---more than half of all workers in this country make less than that POVERTY FIGURE 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. THANK YOU American financiers. THANKS for the MELTDOWN.
All those stats about how much that % of workers made are only for those that are actually working. 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. ALmost a THIRD OF THE COUNTRY!
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. Crime is back up.
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?
Please feel free to join the discussion by posting a comment below… "Yes, Thank you. My comment is, if you try to get work and can't as NAFTA and GATT and CLINTON sent all the factories to GUATEMALA and most states suck all the taxes & licensing fees they CAN SUCK out of entrepreneurs so businessmen refuse to open businesses anymore, and as bankers have bought every bldg and rented every apartment at quadruple the price they're worth.And as your kids need food to get an education, which costs 100 times what it used to cost, swallow your ego and GET WELFARE. It may only be for a few years,but while you have it, START A COTTAGE INDUSTRY, ENTREPRENEURIAL WORK, DESIGNED AS GUERILLA CAPITALISM that will go LEGAL when it's big enough.
Meanwhile, here is the list of the states where the “salary”that welfare recipients receive is higher than having a job:
1. Hawaii : $60,590
2. District of Columbia : $50,820
3. Massachusetts : $50,540
4. Connecticut : $44,370
5. New York : $43,700
6. New Jersey : $43,450
7. Rhode Island : $43,330
8. Vermont : $42,350
9. New Hampshire : $39,750
10. Maryland : $38,160
11. California : $37,160
12. Oregon : $34,300
13. Wyoming : $32,620
14. Nevada : $29,820
15. Minnesota : $29,350
16. Delaware : $29,220
17. Washington : $28,840
18. North Dakota : $28,830
19. Pennsylvania : $28,670
20. New Mexico : $27,900
21. Montana : $26,930
22. South Dakota : $26,610
23. Kansas: $26,490
24. Michigan : $26,430
25. Alaska : $26,400
26. Ohio : $26,200
27. North Carolina : $25,760
28. West Virginia : $24,900
29. Alabama : $23,310
30. Indiana : $22,900
31. Missouri : $22,800
32. Oklahoma : $22,480
33. Louisiana : $22,250
34. South Carolina :$21,910
STATE NOT ON LIST? Then, WELFARE IS NOT EXACTLY GRAVY there! It's (ahem!) " somewhat THINNER. But any port in a storm, sailor!
As a point of reference the average Middle Class annual income today is $50,000, down from $54,000 at the beginning of the Great Recession. Hawaii , DC , and Massachusetts pay more in welfare than the average working folks earn there. So what we are saying is 'swallow your pride' and go visit the DPSS office and sign up. Get food stamps, FREE MED-I-CARE and use it for retraining,(Fed sponsored studies) making an entrepreneurial business, or just to get your health back from all that starvation and stress.
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