Mar 3 2013

The Sequestered Gilded Age: Top 20 percent of households control over 90 percent of all stocks and financial wealth: Bottom 40 percent of all households have an average net worth of -$10,600.

Income inequality is now at levels last seen in the United States during the Gilded Age.  This was a time of incredible opulence for the few while the many struggled to get by.  There is even a story of a Mrs. Stuyvesant Fish throwing a dinner party to honor her dog that arrived wearing a […]

Feb 22 2013

Part-time America: How we increased our part-time for economic reasons workforce by 4 million people since the recession began. Healthcare costs encourage low wage employers to hire more part-time employees.

The rise of part-time employment in the United States is part of the low wage system that is spreading throughout the country.  Part-time workers are cheaper to hire and easier to fire.  You also avoid paying benefits from a healthcare system that is seeing skyrocketing costs.  Prior to the economic crisis, the number of Americans […]

Jan 10 2013

Sequestering the working and middle class – The implications of runaway debt. GDP at record levels yet nonfarm employment is 4 million below previous peak. Trillion dollar coins. Greece unemployment reaches a new record.

Gear up those printing presses.  You might be thinking that some of the policy talk coming out today is from The Onion but no, the idea of a $1 trillion coin is being discussed.  The Federal Reserve is already very willing to become a shadow bad bank and take on all the questionable assets from […]

Jan 5 2013

American Gerontocracy: Since 2009 2.7 million jobs for those 16 to 55 have been lost yet 4 million jobs were added for those between 55 and 69.

It is still a tough time to be young and looking for work in the United States.  With the steady destruction of blue collar industries with living wages, many have to pursue a college degree for any chance at becoming middle class.  Yet higher education has become a debt plagued mess where students have to […]

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