Aug 31 2013

Why are so many young Americans living at home? Record number of Americans living at home while student debt reaches another record.

While the unemployment rate continues to fall in large part because people are dropping out of the workforce, we reach another record which highlights a difficult economy for young people.  A record number of young Americans now live at home.  It would be one thing if this was being driven by a desire to stay […]

Aug 15 2013

The scam of unpaid internships: How companies exploit free labor from students under the guise of unpaid internships.

Many people have taken on internships that were unpaid merely to learn some transferable skill or to build a solid network.  This was okay in a time when graduating students had little debt and higher education was more affordable.  Today some companies have used interns as a source of free labor without adding any benefits […]

Apr 30 2013

Where have all the workers gone? The real truth behind the drop in the labor participation rate.

One of the common views regarding the labor participation rate declining is that many baby boomers are retiring and leaving the work force.  Unfortunately many are finding that retirement is a myth when you are broke and many will be working deep into their later years.  So when we examine the numbers we actually find […]

Apr 8 2013

Food service workers at a record high in US economy: Record percent of Americans now employed in food services as a share of total employment coupled with peak food stamp usage.

One of biggest contributors to jobs over the last few years has come from the low-wage food service sector.  A record 7.6 percent of Americans now work in food services and drinking places.  Given that we have 47+ million Americans on food stamps and this figure has boomed in the last decade, it should come […]

Nov 9 2012

The rise of college students applying for food stamps – Mixing of college debt, part-time work, and food stamps. Working 40 hours a week at a minimum wage job does not cover basic costs for a college education.

The drawn out election campaign has now come to an end and very little substantive action is likely to be taken to assist the middle class.  Even more disturbing is how little attention was given to the growing number of poor Americans.  Almost 47,000,000 million Americans are now on food stamps, a record both in […]

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