May 31 2015

The working class Hunger Games: Reality TV show now pits working class against working class family for the chance to earn $101,000.

Reality TV has a nice connection to our growing low wage economy.  Reality TV is easy to make, costs relatively little, and can be flushed away if it fails.  If a hit occurs, the big profits are frontloaded to the network while “stars” can make money after the cream has been taken away.  There is […]

May 29 2015

Inflation acts as a pickpocket on the wallets of working Americans: Young Americans take a big hit given the small weight given to tuition in the CPI.

Inflation is a very real thing.  The Fed continues to downplay the impacts of inflation to support their ongoing easy monetary policy.  What this has created is an inflated stock market and hot money chasing into other asset classes including real estate.  This wouldn’t be such an issue if your typical working American family was […]

May 25 2015

Are you looking to earn low wages? A college degree might be your ticket. College earning power dwindles over the last 15 years.

We constantly hear the loud drumbeat that a college degree is your ticket to untold fortunes.  Of course we never get the detailed report showing students that are drowning in debt and also many that went to for-profit schools or pursued unmarketable majors and guess what?  These people would largely have done better by not […]

May 20 2015

China has overtaken Mexico as the source of the largest number of immigrants to the U.S. – the Far East is the new Southwest.

It should come as no surprise that the US is a net immigration country while China and Mexico are both net emigration countries.  What may be a surprise is that now China has overtaken Mexico as the top importer of immigrants.  The flood of money from China into key cities has been nothing short of […]

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May 16 2015

The low wage employment tsunami: Low wage jobs now make up 25 percent of all employment in the United States.

The employment report continues to provide deceptive bread and circus fodder for the mainstream press.  Never is any thorough analysis given to the 93+ million Americans that are now part of the “not in the labor force” category.  In large part, we have a low unemployment rate because this massive army of Americans is simply […]

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