source: Carl Herman, Examiner.com
The Working Poor Families Project has just released their policy brief for the winter of 2010-11. The new US Census Bureau data is that 30% of US families are now earning less than 200 percent of the official poverty threshold, and are thereby defined as “low-income.”
That’s nearly one in three American families now being low-income.
Also in consideration of this data, please consider as that unemployment data has shifted in historical comparison because the definitions have changed of what it means to be “unemployed.” The “official” statistics would be nearly double if unemployment was still counted as it was just 30 years ago, making today’s reality similar to the Great Depression. Paul Craig Roberts, President Reagan’s Assistant Secretary to the Treasury and also a former Associate Editor for the Wall Street Journal is all over this data in ongoing articles, such as from last month: Big Lies, Little Lies. Fake Unemployment Data. Rising Poverty in America
The following are some of the key findings of their report:
* There were more than 10 million low-income working families in the United States, an increase of nearly a quarter million from the previous year.
* Forty-five million people, including 22 million children, lived in low-income working families, an increase of 1.7 million people from 2008.
* Forty-three percent of working families with at least one minority parent were low income, nearly twice the proportion of white working families (22 percent).
* Income inequality continued to grow with the richest 20 percent of working families taking home 47 percent of all income and earning 10 times that of low-income working families.
* More than half of the U.S. labor force (55 percent) has “suffered a spell of unemployment, a cut in pay, a reduction in hours or have become involuntary part-time workers” since the recession began in December 2007.
Unfortunately, things are not going to be getting any better for the working poor. In the new “one world economy” that our politicians keep insisting is so good for us, millions upon millions of American workers now find that they have to compete for work with laborers on the other side of the globe that are willing to work for slave labor wages. This is causing millions of jobs to leave the United States and it is forcing wages down.
Fortunately, as in the title of this article, Solutions to US economic controlled demolition are obvious, but We the People must demand them.
For my comprehensive explanation and documentation of unlawful US wars and our controlled economic implosion, I recommend my article series, Open proposal to US higher education. Those articles are academic in language and documentation. My citizen advocacy paper,Government by dicts, has all the useful documentation I’ve found and passionate in tone.
Please watch the PuppetGov video at the upper-left for an 8-minute artistic and factual expression: America’s controlled economic implosion.