30 Reasons Why 2011 Is Going To Be Another Ugly Year For America’s Middle Class

Monday, January 3, 2011
By Paul Martin

Michael Snyder
BusinessInsider.com
Jan. 3, 2011

Do you think that 2011 will be a good year for America’s middle class? Well, you might not be so optimistic after you read the 30 statistics posted below. The truth is that 2011 is going to be another crappy year for America’s middle class, and there is not a whole lot that you or I can do about it. Sadly, what we are facing as a nation is not just a short-term economic downturn.

Rather, there are some very serious long-term economic trends that are absolutely ripping apart the U.S. middle class. For example, did you know that even though our population has been growing at a brisk pace we have lost about ten percent of our middle class jobs over the past decade? The vast majority of jobs that have been created have been low paying service jobs.

We now have hordes of highly educated young people that are waiting tables and that are welcoming customers to Wal-Mart. Without good paying jobs there is no middle class, but today American corporations are actually creating more jobs overseas than they are inside the United States. This has helped pad the profits of the big corporate fatcats, but it has been devastating for middle class communities across the United States.

The Rest…HERE

Leave a Reply

Support Revolution Radio