Here are just a few of the facts that support that the middle class is being murdered:
- China is set to pass America as the world’s No. 1 economy based on consumer spending this year. It will be the first time since 1872 that America has not been the No. 1 economy in the world.
- For the first time in history, America’s middle class isn’t No. 1 in the world. Canada’s middle class has passed us.
- For the first time in American history, more businesses are closing each day than starting up.
- There are now 70 percent more Americans collecting entitlement checks than working in the private sector (148 million “takers” versus 86 million “makers”), a fact provided by the U.S. Census Bureau.
- The average full-time male employee now earns less (adjusted for inflation) than 40 years ago.
- 20 percent of U.S. families don’t have a single member who is employed.
- Record numbers of Americans are not in the workforce (more than 92 million).
- The number of working-age Americans without a job increased by about 10 million in Obama’s first five years as President. That means each and every year of Obama’s Presidency, 2 million more Americans disappeared from the workforce.
- America’s second largest employer is a temp agency.
- 70 percent of Americans believe we are still in the middle of the economic crisis or that the worst is yet to come. And they are correct.
read the rest here:
July 17, 2014 by Wayne Allyn Root
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