Tuesday, September 20, 2016

Gallup Calls "Recovery" BS

There are three serious metrics that need to be turned around or we'll lose the whole middle class:

1. According to the U.S. Bureau of Labor Statistics, the percentage of the total U.S. adult population that has a full-time job has been hovering around 48% since 2010 -- this is the lowest full-time employment level since 1983.

2. The number of publicly listed companies trading on U.S. exchanges has been cut almost in half in the past 20 years -- from about 7,300 to 3,700. Because firms can't grow organically -- that is, build more business from new and existing customers -- they give up and pay high prices to acquire their competitors, thus drastically shrinking the number of U.S. public companies. This seriously contributes to the massive loss of U.S. middle-class jobs.

3. New business startups are at historical lows. Americans have stopped starting businesses. And the businesses that do start are growing at historically slow rates.

You can read the rest @

We have been living a lie for at least 8 years. Want more of the same? I don't.

But the REALLY bad news is that the powers that be don't need the US middle class. And what they don't need they're not going to pay for.

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