“When companies pay too little for workers to provide for their families, workers rely on public assistance programs to meet their basic needs,” Ken Jacobs, chair of the labor center and co-author of the new report said in a press release.
Thus, at the state and federal level, the US government subsidizes companies that pay poverty wages, to the tune of $153 billion per year.
According to the report, workers in a diverse range of occupations systematically rely on public assistance, and in staggering proportions, including frontline fast-food workers (52 percent), childcare workers (46 percent), home care workers (48 percent) and even part-time college faculty (25 percent).
While Wall Street executives are making record bonuses, four out of 10 bank tellers in New York City are forced to rely on some form of public assistance because their wages are too low to survive.
OBAMA’S CRONY BANKSTER-DRIVEN ECONOMY
First
he sabotaged America’s borders and then
invited endless waves of illegals to grab America’s jobs and keep wages
depressed.
Then
he went after America’s pensions, medicare and social security towards his
design of destroying the American middle-class.
AND
IT’S WORKING!
“Goldman
Sachs, JPMorgan Chase, Bank of America (ALL MAJOR DONORS TO BARACK OBAMA) and
every other major US bank have been implicated in a web of scandals, including
the sale of toxic mortgage securities on false pretenses, the rigging of
international interest rates and global foreign exchange markets, the
laundering of Mexican drug money, accounting fraud and lying to bank
regulators, illegally foreclosing on the homes of delinquent borrowers, credit
card fraud, illegal debt-collection practices, rigging of energy markets, and
complicity in the Bernie Madoff Ponzi
scheme.”
THE ASSAULT on the
AMERICAN MIDDLE-CLASS by the DEMOCRAT PARTY:
“By large margins, even in opinion
polls conducted by the corporate-controlled media, the American people support
sharp increases in taxes on the wealthy to fund social programs and provide
jobs for the unemployed; they oppose cuts in Social Security and Medicare and
view education, health care and other public services as basic rights; they
oppose government spying on the telephone and Internet usage of ordinary
Americans, as well as other police-state measures; and they oppose overseas
military interventions in the Middle East, Africa and Asia. The Democratic and Republican presidential candidates stand on the other
side of the barricades on all these issues.”
AMNESTY: The solution to keep wages
depressed
“A more recent national survey by the
Federal Reserve, based on 2013 data, suggests the problem has not only
persisted as the economy recovered but may even have worsened. More than 30
percent of Americans reported spikes and dips in their incomes. Among that
group, 42 percent cited an irregular work schedule; an additional 27 percent
blamed a span of joblessness or seasonal work.”
“In the two advanced countries with the greatest income
inequality, Spain and the United States, job losses and wage cuts accounted for nearly all the
increase in inequality.”
Net Job Growth
Since
Recession Still To Foreign-Born
“The Bureau of
Labor Statistics’ March job’s data released Friday — as in previous months — again shows that net
employment growth in the U.S. since the beginning of the recession has gone to
foreign-born workers.”
“From the
beginning of the recession in December of 2007 through March of this year,
while the native-born population has experienced a net decline in employment,
their foreign-born counterparts have experienced a net increase.”
WHY DOES OBAMA HATE AMERICA SO?
THE OBAMA REGIME’S ASSAULT ON THE AMERICAN
BORN WORKER
RATCHETED UP ONCE AGAIN!
THE OBAMA SUPER DEPRESSION AT HAND: Crony
capitalism and the
Obama administration at work for the 1%
Global
financial markets are on the road to another crash, with consequences even more
serious than the collapse of September 2008. There have been a series of dire
warnings from within the ruling class itself that present monetary policies
have created massive financial bubbles with devastating consequences.
MELTDOWN
BARACK OBAMA will
finally leave office having destroyed the American middle-class, leaving a nation with staggering debts and open
borders invaded and looted by NARCOmex.
He will go off and collect tens of millions in backend bribes from his crony banksters in the form of “speaking fees”.
He will go off and collect tens of millions in backend bribes from his crony banksters in the form of “speaking fees”.
This “Hope and
Change” clown who was nothing more than Bush’s third and fourth terms on
steroids will continue to blame the republican party he hoped to destroy with
amnesty for 40 million looting Mexicans.
IMF report: No end to economic
breakdown
Almost six
years after the eruption of the global financial crisis, the International
Monetary Fund has effectively ruled out any return to the economic growth rates
that preceded September 2008.
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