DURING OBAMA'S 8 YEARS, BANKSTERS DID EXCEEDING WELL AFTER THE ECONOMIC MELTDOWN THEY CAUSED, AND TWO-THIRDS OF ALL JOBS WENT TO FOREIGN BORN, BOTH LEGAL AND ILLEGAL.
HILLARIA WILL DOUBLE THE NUMBERS FOR THE 1% AND THEY WILL INVEST HEAVILY IN THE PHONY CLINTON FOUNDATION FOR BRIBES.
"This has coincided with the political subordination of workers to the Democratic Party, which under the Obama administration has spearheaded the attack on workers’ jobs and wages and the historic transfer of wealth from the bottom to the top."
"Hillary Clinton repeatedly claims that she is the champion of the little guy. It has always been a risible claim, but if any of her supporters (including at the Post) are actually paying attention to the scoundrel, this latest gambit ought to disabuse them of the notion."
New study says entire regions of US will remain in slump until the 2020s
By
Jerry White
21 March 2016
A new study by a University of California-Berkeley economist says
that at current sluggish levels of job growth, entire regions of the
United States, which were hit hardest by the Great Recession will not
return to “normal” employment levels until the 2020s. This amounts, to
“more than a ‘lost decade’ of depressed employment” for “half of the
country,” wrote economist Danny Yagan.The new study is one of many showing that the fall of the official unemployment rate, touted by the Obama administration and the news media as proof of a robust economic recovery, if not a return to “full employment,” is largely based on the fact that millions of workers fell out of the labor force in the years preceding and following the 2008 financial crash.
The labor-force participation rate fell to a 38-year low of 62.4 percent last fall, and only climbed up to 62.9 percent in February. According to the Economic Policy Institute, February’s official jobless rate of 4.9 percent—the lowest since the pre-recession level of 4.7 percent in November 2007—would really be 6.3 percent if the country’s “missing workers” were included. These include 2.4 million workers who have given up actively looking for work.
Yagan based his findings on a detailed study of some 2 million, similarly paid workers in the retail industry in order to calculate employment patterns across different local areas and to account for occupations that might have been particularly hard hit in one region.
He found that the areas hardest hit by the recession, which began in December 2007 and officially ended in June 2009, continued to have high levels of joblessness in 2014. His map of these distressed areas includes all of Florida and parts of Arizona, Nevada, California, Colorado, New Mexico, the Dakotas, Michigan, Indiana, Ohio, Georgia, Connecticut, New Hampshire and other states.
While different areas of the country are often hit differently by an economic downturn, an article in the Wall Street Journal on Yagan’s study noted, these economically distressed areas generally return to normal levels of employment chiefly because workers move to find work in areas with a higher demand for labor. In the case of the “Great Recession,” however, the mass layoffs resulted in “muted migration,” according to other studies cited by the Journal, and workers simply fell out of the labor market.
“Unlike the aftermath of the 1980s and 1990s recessions,” Yagan wrote, “employment in hard-hit areas remains very depressed relative to the rest of the country.” Living in areas like Phoenix, Arizona, or Las Vegas, Nevada means confronting “enduring joblessness and exacerbated inequality,” Yagan wrote. “If the latest convergence speed continues, employment differences across the United States are estimated to return to normal in the 2020s—more than a decade after the Great Recession.”
The lack of decent job opportunities in large swathes of the country has created a reserve army of unemployed and underemployed workers who are competing for a shrinking number of jobs in areas that are more or less permanently distressed. Last month’s Labor Department employment report noted that the average annual unemployment rate in 36 states, plus Washington, D.C. was higher in 2015 than the average unemployment rate for those states in 2007.
The majority of unemployed people in the US do not receive unemployment insurance benefits, according to the National Employment Law Project, with just over one in four jobless workers (27 percent), a record low, receiving such benefits in 2015.
The details of these studies will come as no surprise for tens of millions of workers across the United States who face unprecedented levels of economic insecurity, ongoing mass layoffs, and more than a decade of stagnating or falling real wages. This has fueled the growth of enormous discontent and the initial stirrings of class struggle by American workers, which the trade unions and both big business parties have sought to channel in the direction of economic nationalism and hostility to workers in China, Mexico and other countries.
In fact, US workers are being subjected to the same attacks as workers around the world. The reports on the employment situation in the US coincide with a continual massacre of jobs in the world’s steel, oil and mining industries, with 1.2 million steel and coal mining jobs targeted for destruction in China alone.
Continual layoffs in the US have been driven by the plunging price of steel, petroleum, coal and other commodities, which has been generated in large measure by the fall in demand from China and other so-called emerging economies. Last week, St. Louis, Missouri-based Peabody Energy, the largest coal mining company in the world, announced it could soon file for Chapter 11 bankruptcy, after its share values fell 46 percent over the last six months.
Peabody has already cut 20 percent of its global workforce since 2012, while spinning off large sections of its operations in order to cheat retirees out of their pensions. The company’s announcement follows bankruptcy filings by both Arch Coal and Alpha Natural Resources and a similar threat from coal mining giant Foresight Energy. In its press release, Peabody pointed to the collapse in the coal market, where the price per ton has fallen to $40 from $200 in 2008.
The steel industry continues to wipe out jobs, with 12,000 steelworkers already laid off or facing imminent job cuts. The largest US steelmaker, US Steel, has slashed thousands of jobs in Texas, Illinois, Ohio, Indiana and Pennsylvania. The aluminum giant Alcoa is just weeks away from closing its smelter in Warrick County, Indiana, wiping out another 600 jobs. Meanwhile, the United Steelworkers (USW) union is pushing for protectionist measures against China, Brazil, Russia and other countries, even as it pushes through concession-laden contracts at US Steel, Allegheny Technologies and now ArcelorMittal.
Early last year, the USW betrayed the strike by thousands of oil refinery workers, blocking any struggle against the brutal restructuring of the industry that is now underway. The plunging of oil prices triggered more than 258,000 layoffs in the global energy industry in 2015—with the number of active oil and gas rigs in the US falling 61 percent. Analysts anticipate a new round of job cuts and bankruptcies in early 2016.
Texas has lost 60,000 energy-related jobs alone, or one-fifth of the workforce in that sector in the state, with North Dakota and Pennsylvania also being hard hit. The current US unemployment rate for the oil, gas and mining sector is 8.5 percent, but could top 10 percent by February, double the national jobless rate.
Last month, the air conditioner maker Carrier announced it was eliminating 1,400 jobs at its Indianapolis plant and a nearby facility, and shipping production to Monterrey, Mexico where wages are approximately $6 an hour. A video shot by a worker, capturing the explosive anger at a meeting of plant workers when a manager makes the announcement, has been viewed millions of times.
Far from organizing any resistance to the closure of the factory and destruction of jobs, however, the USW is collaborating with United Technologies Carrier management to carry out an orderly shutdown and the retraining of displaced workers for lower-paying jobs.
The USW is hostile to any fight to unite American workers with their brothers and sisters in Mexico, who have been engaging in growing resistance to the exploitation by the transnational corporations. USW officials are telling workers to rely on the Democratic Party to implement protectionist trade measures to “save jobs” and “take our country back.” Local and regional union officials have had nothing but kind words about Donald Trump’s efforts to swindle workers with economic nationalist appeals.
The unions have long used economic nationalism to undermine the class-consciousness of workers and to promote the corporatist outlook of “labor-management partnership.” In the name of making the corporations “competitive,” the USW and other unions have suppressed every struggle against plant closings, job cuts and the destruction of wages and benefits.
This has coincided with the political subordination of workers to the Democratic Party, which under the Obama administration has spearheaded the attack on workers’ jobs and wages and the historic transfer of wealth from the bottom to the top.
USW Local 1999, which claims to represent Carrier workers, is urging them to support Democrat John Gregg for Indiana governor. A former land agent for Peabody Coal and lobbyist for Amax Coal Company, Gregg served as the honorary chair of Hillary Clinton’s 2008 campaign in Indiana, and was a proponent of austerity and corporate tax cuts while Speaker of the state Legislature.
"More evidence that illegal immigrants are both taking jobs away from legal Americans and undercutting their wage bargaining power."
March 26, 2016
Study: Employment rate of illegal immigrant men far higher than for legal immigrants and natives
A new study
by George Borjas from the John F. Kennedy School of Government at
Harvard University reveals what many have long been concerned about when
it comes to illegal immigration into the United States.
According to Borjas' paper, the "employment rate of undocumented men is 86.6%, as compared to 73.9% for natives and 77.8% for legal immigrants," and this gap has been widening since the mid-1990s.
The
study shows that about 10% of all persons in their early 30s are
undocumented. In addition, 23% of illegal immigrants live in California,
7% reside in New York, and 15% live in Texas.
Borjas reached the following conclusions:
According to Borjas' paper, the "employment rate of undocumented men is 86.6%, as compared to 73.9% for natives and 77.8% for legal immigrants," and this gap has been widening since the mid-1990s.
The
study shows that about 10% of all persons in their early 30s are
undocumented. In addition, 23% of illegal immigrants live in California,
7% reside in New York, and 15% live in Texas.Borjas reached the following conclusions:
Even after the regression exhaustively controls for... skill differences -- and adjusts for the possibility that economic conditions varied dramatically over time for each of the narrowly defined skill groups, as well as for the possibility that economic conditions varied dramatically among the different geographic regions where the three groups tend to settle -- it is still the case that the employment rate of immigrants, and particularly that of undocumented immigrant men, increased dramatically relative to that of native-born persons.More evidence that illegal immigrants are both taking jobs away from legal Americans and undercutting their wage bargaining power.
Read more: http://www.americanthinker.com/blog/2016/03/study_employment_rate_of_illegal_immigrant_men_far_higher_than_for_legal_immigrants_and_natives.html#ixzz442MOR82B
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US employment report: Payrolls rise, wages fall
By Barry Grey
5 March 2016
President Barack Obama seized on
the February employment report, released Friday morning by the Labor
Department, to tout the supposed “success” of his economic policies and
paint a picture of a thriving US economy. The report, which showed a
larger-than-predicted growth in private nonfarm payrolls of 242,000
jobs, confirmed that the US economy was “the envy of the world,” Obama
told reporters at a White House appearance.“The fact of the matter is that the plans that we have put in place to grow the economy have worked,” he boasted.” He derided “an alternative reality out there from some of the political folks that America is down in the dumps.” He countered, “America is pretty darn great right now.”
He did not attempt to explain why the “alternative reality,” which his labor secretary, Thomas Perez, attributed to “fear-mongers and fact-deniers,” is believed by tens of millions of Americans, whose anger over economic injustice is dramatically reflected in the current election campaign.
One does not have to look too closely at the Labor Department’s report, however, to get an idea of what is fueling the social indignation of working people in the eighth and final year of the Obama administration. Behind the top-line number for new jobs and the quasi-fictional official unemployment rate of only 4.9 percent, ongoing trends with disastrous consequences for the working class are evident. They account for two other important indices in the report: a decline in average earnings from the previous month of 3 cents, or 0.1 percent, to $25.35, bringing the increase for the year down to just 2.2 percent, and a fall in the average private-sector workweek of 0.2 hours to 34.4 hours, a two-year low.
These two figures arise from the fact that the vast bulk of new jobs created in February were low-wage and a huge percentage were part-time. The low-paying service sector—retail, bars and restaurants, health care—accounted for 245,000 jobs. The reality of recession in basic production was reflected in a 16,000 decline in manufacturing and the loss of another 19,000 mining jobs, bringing to 171,000 the total decline in mining since September 2014. The only better-paying industrial sector that saw an increase was construction, which recorded a gain of 19,000.
Another figure highlights the hollow and socially regressive character of Obama’s so-called “recovery.” The financial cable network CNBC pointed out that according to the Labor Department’s household survey, which is the basis for the unemployment rate figure (the figure on payroll growth is derived from a separate survey of business establishments), full-time jobs increased in February by only 65,000, while part-time positions increased by 489,000. This means that a mere 11.7 percent of new jobs in February were full-time!
These statistics point to the fact that the American ruling class, through its instrument, the Obama administration, has utilized the financial crash of 2008, for which it was responsible, to fundamentally reorganize the US economy, transforming it into a low-wage system. The millions of decent-paying jobs that were destroyed have been largely replaced by poverty-wage, part-time and temporary jobs.
The median household income has fallen sharply. Pensions and health benefits have been gutted, schools closed by the thousands, teachers and other public workers laid off by the millions. At the other end, the Federal Reserve and the US Treasury have pumped trillions of dollars into the financial markets, driving up the stock market and bringing the concentration of wealth at the very top to unprecedented levels. This is what Obama lauds as “success.”
Meanwhile, millions of Americans remain mired in long-term unemployment. The number of long-term unemployed, defined as without work for 27 weeks or more, was essentially unchanged at 2.2 million in February. This number has not shifted significantly since last June. The long-term jobless accounted last month for 27.7 percent of the unemployed, a far higher percentage than in any previous period categorized as an economic recovery.
A broader measure of unemployment that includes people working part-time but wanting full-time work and those too discouraged to seek employment registered 9.7 percent last month, nearly double the official jobless rate. There are, in addition, millions of people who have dropped out of the labor market and are not even counted in government employment reports.
While the employment-to-population ratio edged up to 59.8 percent and the labor force participation rate rose slightly to 62.9 percent, both measures remain extraordinarily low by historical standards.
The impact of soaring social inequality and falling living standards for broad sections of the population is reflected in a growing crisis in the retail sector. This week, sporting goods chain The Sports Authority filed for Chapter 11 bankruptcy protection and announced it was closing at least 140 of its 463 stores and laying off 3,400 of its 13,000 employees. This follows recent announcements by Walmart, Sears/Kmart and Macy’s of hundreds of store closures and thousands of layoffs.
Hillary Clinton repeatedly claims that she is the champion of the little guy. It has always been a risible claim, but if any of her supporters (including at the Post) are actually paying attention to the scoundrel, this latest gambit ought to disabuse them of the notion.
In late 2015, the Pew Research Center came out with a population projection that "non-Hispanic whites are projected to become less than half of the US population by 2055." Similarly, during 2014, researchers working with U.S. Census Bure...
Impact of Large-Scale Immigration on American Workers
CIS analyst testifies: America has a shortage of jobs, not workers
WASHINGTON, DC (March 16, 2016) — One of the most critical issues in the immigration policy debate is the question of immigration’s impact on the employment opportunities of native-born workers after immigrants enter the labor market. With 61 million immigrants and their young children living in the United States, accounting for nearly one in five U.S. residents, the federal immigration program has serious implications for the American worker. Today the Senate Judiciary Subcommittee on Immigration and the National Interest examined the impact of immigration on U.S. workers.
Dr. Steven Camarota, the Director of Research at the Center for Immigration Studies, testified that “immigration does not confer significant economic benefits on the native-born. Instead, immigration tends to redistribute income from some American workers, often from the poorest and least educated, to business owners and other American workers.”
The U.S. welcomes over one million legal immigrants per year, which does make the U.S. economy (GDP) significantly larger. But a larger GDP does not necessarily result in a wealthier society. In fact, almost all of this increase in GDP goes to the immigrants themselves as payment for their labor.
Read Dr. Camarota’s statement here: http://cis.org/Testimony/Camarota-The-Impact-of-Large-Scal-%20Immigration-on-American-Workers
When the employment analysis is expanded beyond the officially unemployed, the situation for Americans looks grim. The number and share of native-born Americans ages 16 to 65 who are not in the labor market (not working or looking for work) is at or near a record level, with no meaningful improvement in the last two years. Job growth has not come close to matching new immigration and population increase; 17. 5 million more working-age people were not working in 2015 than in 2000.
Dr. Camarota concluded, “Any suggestion that the nation needs immigration because there is a shortage of labor is not supported by the available data.”
Nearly one-third of US food stamp recipients rely on food pantries
Nearly one-third of US food stamp recipients rely on food pantries
By
Kate Randall
9 March 2016
Nearly one-third of US households on the Supplemental Nutrition
Assistance Program (SNAP) rely on food pantries to supplement their food
budget, according to data highlighted this week by the US Department of
Agriculture (USDA), which administers SNAP.The USDA reports that in 2014, 23 million American households received SNAP benefits, formerly known as food stamps. Of those households receiving SNAP benefits, 32 percent report they had visited a food pantry in the previous 30 days.
Households receiving other government food assistance also visited food pantries in significant numbers. Twenty-three percent of households using the Women, Infants and Children (WIC) program visited a pantry, as did 23 percent of households where children are receiving free or reduced-price school lunches.
The average SNAP benefit per person is about $125 per person a month, according to the Kaiser Family Foundation. The USDA data shows that these paltry benefits are not enough to sustain many household food budgets, leading families to seek assistance from food pantries.
Despite these statistics, more than one million people across the US could lose their SNAP benefits in 2016 due to the return in many areas of a three-month limit on benefits for unemployed adults ages 18-49 who are not disabled or raising minor children. The cutoffs began March 1 in 21 states, prompting food pantries and soup kitchens to gear up for an influx of people seeking support.
Following the financial crisis in 2008, virtually all US states qualified for a waiver from the three-month limit for those classified as “Able-Bodied Adults Without Dependents” (ABAWDs), imposed in 1996 under the welfare reform bill signed into law by President Clinton. The harsh “work for food” requirements are now being restored in the face of US Bureau of Labor Statistics (BLS) data that shows that more than a quarter of the 7.9 million US unemployed have been jobless for more than six months.
According to the USDA, about 4.7 million SNAP recipients are deemed ABAWDs, and only one in four of these has any income from a job. USDA data shows these individuals have gross income averages of 17 percent of the official poverty line, or only about $2,000 per year for a household of one in 2015. If these individuals fail to demonstrate that they work, volunteer, or attend job-training courses at least 80 hours a month, they will be cut off SNAP.
The assault on SNAP benefits is a bipartisan attack on the health and wellbeing of workers at a time when the government’s own figures show hunger growing across America. In 2014, President Obama signed a bill that included $8.6 billion in cuts to SNAP. The temporary 14 percent increase in benefits passed by Congress in 2009 ended completely in November 2013.
Under these crisis conditions, Obama’s fiscal year 2016 budget proposal included only $83.692 billion for SNAP, which presently serves an average caseload of 45.7 million Americans, almost 15 percent of the population. This compares to the more than $600 billion a year officially expended on the military. If all military-related expenses are added—including from the CIA, Homeland Security, Energy, State departments, the Veterans Administration and debt payments for previous wars—the real figure is closer to $1.3 trillion a year.
A USDA study showed that 14 percent of households (17.4 million households) were food insecure in 2014, meaning they did not have consistent, dependable access to enough food for an active, healthy life. In 2014, 5.6 percent of US households (6.9 million households) had very low food security, meaning that the food intake of some household members was reduced, and normal eating patterns disrupted, due to limited resources at times during the year.
A 2013 study of 3,300 SNAP households by the USDA’s Food and Nutrition Service found that “SNAP households experience … financial strain that is eased but not alleviated by participation in the SNAP program.” The study found that about 45 percent of SNAP clients limited food consumption, usually by skipping meals, to make it through the month.
NPR reports on other research that shows that hospital admissions for hypoglycemia—low blood sugar, which can be treated with a healthful diet—spike by 27 percent for low-income households during the last week of the month, when many government benefits run out. High-income households showed no similar trend.
A new review of 25 studies published between 2003 and 2014 that looked at the food spending and quality of diets of SNAP recipients showed that they ate on average about the same number of calories as those not receiving benefits, but consumed fewer fruits and vegetables and whole grains and more added sugars.
Tatiana Andreyeva, the study’s lead author and researcher at the Rudd Center for Food Policy and Obesity at the University of Connecticut, said average food stamp recipients scored even worse than the average American on the Healthy Eating Index, a measure of how well diets meet the federal dietary guidelines.
While the average American received a failing grade, scoring just 58 out of 100 on the index, the average SNAP recipient scored just 47 out of 100 in one study, and 51 out of 100 in another. The study also found that both adults and children on SNAP were less likely to eat three meals a day than higher-income people not receiving benefits.
Immigration cuts salaries of Americans $2,470 a year: The nation's unending appetite for new and low-wage immigrant workers, now about about 1 million a year, is slashing the incomes of native-born Americans by $2,470 while boosting corporate profits, according to a new report on the cost of legal and illegal immigration. The U.S. is literally importing poverty, said the new report from the group Negative Population Growth Inc. Critics of immigration and the administration's expansion of the green card worker program have long charged that native American workers have had to accept lower wages just to compete with cheap imported labor and the new report from Ed Rubenstein, president of ESR Research, bolsters those charges.
"There are the billions of taxpayer dollars used to subsidize illegal immigrants' health care and education. There's the revenue we lose out on when illegal immigrants don't pay income taxes. And there's a less recognized pot of billions — the billions of dollars of earnings that illegal immigrants wire out of the United States with no tax or penalty."
BLOG: THE MEX LA RAZA - DEM PARTY AMNESTY: KEEPING WAGES DEPRESSED AND PASSING ALONG THEIR WELFARE AND CRIME TIDAL WAVE COST TO WHAT IS LEFT OF THE AMERICAN MIDDLE CLASS.
BLOG: THERE IS A REASON WHY MOST OF THE FORTUNE 500 ARE GENEROUS DONORS TO THE MEXICAN FASCIST PARTY of LA RAZA. GOOGLE IT!
The nation's unending appetite for new and low-wage immigrant workers, now about about 1 million a year, is slashing the incomes of native-born Americans by $2,470 while boosting corporate profits, according to a new report on the cost of legal and illegal immigration.
"The U.S. is literally importing poverty," said the new report from the group Negative Population Growth Inc.
Critics of immigration and the administration's expansion of the green card worker program have long charged that native American workers have had to accept lower wages just to compete with cheap imported labor and the new report from Ed Rubenstein, president of ESR Research, bolsters those charges.
He found that while in past decades adding immigrant workers helped to increase wages and GDP, the flood that followed the 1986 immigration reform reversed that trend. The reason, he said, is that too much of the workforce is now immigrant labor, rising from 10 percent in 1996 to nearly 17 percent today.
TIME TO END MEXICO'S LOOTING?
"As alarming as those numbers are, it's gotten a whole lot worse. It's the reason why in both 2013 and 2015 I introduced legislation, the "Remittance Status Verification Act," to fix this. I call this the "Wire Act" for short."
"My bill would require a fee on remittances for customers who wire money to another country but cannot prove that they are in the United States legally. The fee would be used to enhance border security. Basically, we would be able to dramatically improve border security while making illegal immigrants pay for it."
"We also have evidence that many of those illegals who are remitting money are more likely to be illegal immigrant households receiving Social Security, health care benefits, unemployment insurance and/or stimulus money. Is it really fair for those individuals to live off our tax dollars but send untaxed, under-the-table money abroad?"
ON TOP OF THESE FIGURES ADD THE TENS OF BILLIONS HANDED TO INVADING MEXICANS IN THE FORM OF WELFARE.
ON THE STATE LEVEL ALONE, MEXIFORNIA HANDS LA RAZA $30 BILLION IN SOCIAL SERVICES.
THE COUNTY OF LOS ANGELES CHIPS IN ANOTHER BILLION FOR THE LA RAZA ANCHOR BABY BREEDING FOR GRINGO WELFARE PROGRAM.
NOW..... HOW MUCH DOES THE MEX DRUG CARTELS HAUL BACK? SOME ESTIMATES PUT THE NUMBER AT $40 - $60 BILLION!
BLOG: IT IS ESTIMATED THAT THE COUNTY OF LOS
ANGELES HAS A MEXICAN TAX-FREE UNDERGROUND
ECONOMY CALCULATED TO BE IN EXCESS OF $2
BILLION PER YEAR!
There are the billions of taxpayer dollars used to subsidize illegal immigrants' health care and education. There's the revenue we lose out on when illegal immigrants don't pay income taxes. And there's a less recognized pot of billions — the billions of dollars of earnings that illegal immigrants wire out of the United States with no tax or penalty.
more here:
We need to crack down on illegal immigrants wiring money out of the U.S.: We need to crack down on illegal immigrants wiring money out of the U.S.
.............. what would have happened to this once great nation if instead of handing billions in welfare to criminal banksters, and millions of our jobs to illegals.... we handed free education to America's youth.
but then we wouldn't need to import boatloads of educated people to take our tech jobs!!!
OBAMA-CLINTONOMICS: TRANSFERRING THE NATION'S WEALTH TO THE 1%, JOBS AND WELFARE TO ILLEGALS TO KEEP WAGES DEPRESSED AND BUILD THE DEM PARTY BASE WITH MEX FLAG WAVERS
“My greatest worry is working all my life, constantly chasing debt and never being to own a house or have children,” writes a millennial named “Gemma” in a section of the series entitled “#Itsnotjustyou: Millenials share their secret fears.” Continuing, she states: “The cost of renting privately is rising, the cost of travelling is rising, the cost of living is rising and yet the salaries don’t reflect this rise. … I am worried that capitalism is pushing this and creating a greater wealth inequality gap. It seems unsustainable and to be driving people apart—a recent example is the demonization of our own NHS service and the junior doctors.”
Study: Worsening conditions for young people throughout the developed world
Study: Worsening conditions for young people throughout the developed world
By
Nick Barrickman
15 March 2016
Incomes for young people born between 1980 and 1994 have hit
unprecedented low levels in the aftermath of the 2008 financial
collapse, according to a recent investigative series conducted by the
UK’s Guardian publication titled “Millenials: The Trials of Generation Y.”
The study draws on income statistics from eight of the world’s 15 most
advanced economies, including the US, Canada, Great Britain, Australia,
France, Italy, Spain and Germany to paint a picture of dimming social
prospects for young people throughout the developed world.The Guardian cites as contributing factors “a combination of debt, joblessness, globalization, demographics and rising house prices” which “have grave implications for everything from social cohesion to family formation.” Whereas during the 1970s and 1980s people in their 20s averaged more than the national income, the study found that young couples and families in five of the eight countries listed made 20 percent less than the rest of the population today.
“It is likely to be the first time in industrialized history, save for periods of war or natural disaster, that the incomes of young adults have fallen so far when compared with the rest of society,” the British newspaper states.
In the US and Italy, incomes were lower in actual figures than they were a generation ago, with Americans averaging a yearly salary of $27,757 in 2010 compared to $29,638 in 1979. The study notes that young US workers currently make less than those in retirement. In France, households headed by individuals under the age of 50 made less disposable income than recent retirees. In Italy, an 80-year-old pensioner possesses more income than someone under the age of 35.
In many cases, the 2008 financial collapse simply accelerated trends that were already underway. Housing prices in Great Britain and Australia are among the most expensive in the developed world. The average price for a home in Sydney, Australia, is $1 million in Australian dollars, more than 12 times the median household income in the city. The average home loan for first-time buyers in New South Wales is A$424,000. This figure has increased by 43 percent in the past four years alone.
According to the Australian Bureau of Statistics, housing prices have increased more sharply and for a longer period in the past 20 years than at any time since 1880. The Guardian notes that housing costs in the UK and Australia have been increasing at a “neck and neck” pace ahead of the average household income. “We’re heading for a world where rates of home ownership among young people are below 50 percent for the first time,” states Alan Milburn of the Social Mobility and Child Poverty Commission, adding that the UK is heading toward becoming “a society that is permanently divided.” Income for those in their late 20s in the UK remain below levels seen in 2004-2005.
A recent survey by British polling firm Ipsos Mori found that 54 percent of those questioned thought the next generation was or would be worse off than the previous. “It’s the highest we’ve measured—it’s completely flipped around from April 2003,” stated Bobby Duffy, managing director of Ipsos Mori’s Social Research Institute of the findings.
In addition, more than a quarter of individuals in this age group live with their parents. An average woman in this age group today waits 7.1 years longer to become married than in 1981; and the average age of childbirth for young families is nearly four years later than those in 1974.
“My greatest worry is working all my life, constantly chasing debt and never being to own a house or have children,” writes a millennial named “Gemma” in a section of the series entitled “#Itsnotjustyou: Millenials share their secret fears.” Continuing, she states: “The cost of renting privately is rising, the cost of travelling is rising, the cost of living is rising and yet the salaries don’t reflect this rise. … I am worried that capitalism is pushing this and creating a greater wealth inequality gap. It seems unsustainable and to be driving people apart—a recent example is the demonization of our own NHS service and the junior doctors.” Many others share similar nightmares.
The study comes amid other findings revealing similar declines in living standards for youth in the developed world. A 2013 Organization for Economic Co-operation and Development (OECD) report found nearly 30 million youth in the developed capitalist countries without a job or an education, the basic requirements for functioning in society.
The circumstances faced by young people throughout the world speak to a systemic breakdown of the social order in both the so-called developing and advanced countries, which has been compounded by war and militarism, consecutive attacks on living standards and cuts to social programs, which invariably hit the youngest and most vulnerable the hardest. Though not covered by the study, European nations such as Greece have been reduced to conditions unseen in the developed world, with youth unemployment at over 60 percent due to attacks on living standards demanded by the European Union and enforced by consecutive governments, both right and “left,” under Syriza.
The authors of the Guardian investigation, in an effort to divert rising anger away from the social system responsible for the poverty, destruction of living standards and attendant social misery, single out the relatively-better off living conditions of retirees in order to make a case for attacking pensions and other benefits accruing to the older generation. The publication quotes a recently published interview with Mario Draghi, head of the European Central Bank (ECB), who states “in many countries the labor market is set up to protect older ‘insiders’—people with permanent, high-paid contracts and shielded by strong labor laws. … The side-effect is that young people are stuck with lower-paid, temporary contracts and get fired first in crisis times.”
Rather than receiving expanded employment, pay and access to better living conditions, it is proposed that the young and the old fight over the rapidly diminishing resources made available by bourgeois public officials and the wealthy. While Draghi advocates attacking the pay and benefits of older workers, the ECB head has funneled billions into the hands of European banking institutions; recently upping the monthly total of cash infusions to €80 billion from €60 billion previously and adding to the wealth of the financial elite.
The fate of retirement benefits and wages under the profit-system is pointed to when the newspaper notes “pensioners’ incomes are likely to rise for at least the next decade, after which future generations will be unlikely to benefit [due to] a drop in home ownership, weaker private sector pension schemes and the expectation that state pensions will be less generous in the future.”
OBAMA-CLINTONOMICS: SERVE THE RICH, WALL STREET CRONIES AND LA RAZA, THE MEX FASCIST PARTY of AMERICA....
Then hand what is left of the American middle class the tax bills for bailouts and Mexico's crime wave in our open borders and LA RAZA "The Race" welfare state on our backs!
"The Clinton family charities have outsourced many U.S. white-collar jobs to foreign college graduates instead of hiring American college graduates."
March 11, 2016
Oops! Clinton Foundation outsourced tech jobs to H-1B visa holders
The
Bill, Hillary, and Chelsea Clinton Foundation, which does “wonderful
work” (if you ask Hillary), also has sought to hire a lot of foreign
tech workers brought to the country under the H-1B visa program to fill jobs Americans supposedly can’t be found to perform. Breitbart reports:
they’re just returning it to some of the home countries.
The Clinton family charities have outsourced many U.S. white-collar jobs to foreign college graduates instead of hiring American college graduates.Hey, those private jets and 5-star luxury hotels favored by the traveling Clintons don’t come cheap, so they’ve got to pinch pennies wherever they can. And besides, a lot of their money comes from foreign sources, so
The outsourcing started in 2004 and it continues to this year. When asked if the foundation is still hiring foreign white-collar workers via the controversial H-1B visa program, Vena Cooper, one of the foundation’s personnel officers, responded “We do.”
The foundations declined to answer questions from Breitbart News, but available data shows they sought to hire up to 130 foreign graduates. That’s roughly half the number of 250 jobs outsourced by Disney last October, which has reignited political criticism of the middle-class outsourcing program.
The 130 foreign graduates sought by the Clinton’s foundations were and are not immigrants. Instead, they’re temporary “guest” workers who fill outsourced professional jobs for up to six years.
The Clintons’ foreign graduates have been hired via the H-1B visa program that also is used by Disney and U.S. corporations and universities to employ a population of roughly 650,000 young and cheap foreign professionals in business, design, healthcare, software, science, education, p.r. and media and pharmaceutical jobs. After their six years in the United States, most H-1Bs return
home with the work-experience and connections that help them compete against U.S. professionals in the global marketplace.
The young foreign H-1B professionals are also used to push down average salaries earned by experienced and older American professionals. In turn, those salary cuts boost profit margins and company values on Wall Street.
they’re just returning it to some of the home countries.
Read more: http://www.americanthinker.com/blog/2016/03/oops_clinton_foundation_outsourced_tech_jobs_to_h1b_visa_holders.html#ixzz42cTZSzX3
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US employment report: Payrolls rise, wages fall
By
Barry Grey
5 March 2016
President Barack Obama seized on the February employment report,
released Friday morning by the Labor Department, to tout the supposed
“success” of his economic policies and paint a picture of a thriving US
economy. The report, which showed a larger-than-predicted growth in
private nonfarm payrolls of 242,000 jobs, confirmed that the US economy
was “the envy of the world,” Obama told reporters at a White House
appearance.“The fact of the matter is that the plans that we have put in place to grow the economy have worked,” he boasted.” He derided “an alternative reality out there from some of the political folks that America is down in the dumps.” He countered, “America is pretty darn great right now.”
He did not attempt to explain why the “alternative reality,” which his labor secretary, Thomas Perez, attributed to “fear-mongers and fact-deniers,” is believed by tens of millions of Americans, whose anger over economic injustice is dramatically reflected in the current election campaign.
One does not have to look too closely at the Labor Department’s report, however, to get an idea of what is fueling the social indignation of working people in the eighth and final year of the Obama administration. Behind the top-line number for new jobs and the quasi-fictional official unemployment rate of only 4.9 percent, ongoing trends with disastrous consequences for the working class are evident. They account for two other important indices in the report: a decline in average earnings from the previous month of 3 cents, or 0.1 percent, to $25.35, bringing the increase for the year down to just 2.2 percent, and a fall in the average private-sector workweek of 0.2 hours to 34.4 hours, a two-year low.
These two figures arise from the fact that the vast bulk of new jobs created in February were low-wage and a huge percentage were part-time. The low-paying service sector—retail, bars and restaurants, health care—accounted for 245,000 jobs. The reality of recession in basic production was reflected in a 16,000 decline in manufacturing and the loss of another 19,000 mining jobs, bringing to 171,000 the total decline in mining since September 2014. The only better-paying industrial sector that saw an increase was construction, which recorded a gain of 19,000.
Another figure highlights the hollow and socially regressive character of Obama’s so-called “recovery.” The financial cable network CNBC pointed out that according to the Labor Department’s household survey, which is the basis for the unemployment rate figure (the figure on payroll growth is derived from a separate survey of business establishments), full-time jobs increased in February by only 65,000, while part-time positions increased by 489,000. This means that a mere 11.7 percent of new jobs in February were full-time!
These statistics point to the fact that the American ruling class, through its instrument, the Obama administration, has utilized the financial crash of 2008, for which it was responsible, to fundamentally reorganize the US economy, transforming it into a low-wage system. The millions of decent-paying jobs that were destroyed have been largely replaced by poverty-wage, part-time and temporary jobs.
The median household income has fallen sharply. Pensions and health benefits have been gutted, schools closed by the thousands, teachers and other public workers laid off by the millions. At the other end, the Federal Reserve and the US Treasury have pumped trillions of dollars into the financial markets, driving up the stock market and bringing the concentration of wealth at the very top to unprecedented levels. This is what Obama lauds as “success.”
Meanwhile, millions of Americans remain mired in long-term unemployment. The number of long-term unemployed, defined as without work for 27 weeks or more, was essentially unchanged at 2.2 million in February. This number has not shifted significantly since last June. The long-term jobless accounted last month for 27.7 percent of the unemployed, a far higher percentage than in any previous period categorized as an economic recovery.
A broader measure of unemployment that includes people working part-time but wanting full-time work and those too discouraged to seek employment registered 9.7 percent last month, nearly double the official jobless rate. There are, in addition, millions of people who have dropped out of the labor market and are not even counted in government employment reports.
While the employment-to-population ratio edged up to 59.8 percent and the labor force participation rate rose slightly to 62.9 percent, both measures remain extraordinarily low by historical standards.
The impact of soaring social inequality and falling living standards for broad sections of the population is reflected in a growing crisis in the retail sector. This week, sporting goods chain The Sports Authority filed for Chapter 11 bankruptcy protection and announced it was closing at least 140 of its 463 stores and laying off 3,400 of its 13,000 employees. This follows recent announcements by Walmart, Sears/Kmart and Macy’s of hundreds of store closures and thousands of layoffs.
Hillary Clinton repeatedly claims that she is the champion of the little guy. It has always been a risible claim, but if any of her supporters (including at the Post) are actually paying attention to the scoundrel, this latest gambit ought to disabuse them of the notion.
March 7, 2016
The last refuge of the scoundrel Hillary
Samuel
Johnson’s aphorism that patriotism is the last refuge of a scoundrel
doesn’t apply to Hillary Clinton in her email scandal, because nobody –
not even her die-hard supporters – would believe her if she said that
she set up the private email server in the interests of the United
States. Rather, the last refuge of this scoundrel is to blame everybody
else she dealt with at the State Department, in the process impugning
not only her own close aides, but career diplomats and other
nonpolitical professionals who deserve better.
This strategy is reflected in the campaign’s current mantra that “everybody,” including former secretaries Colin Powell and Condoleezza Rice, at one time or another sent emails that were later determined to be classified. A recent Washington Post analysis of Hillary’s released classified emails demonstrates that she directly sent at least 104 to various aides and officials, and that they too, including the current secretary of state, John Kerry, occasionally sent out emails through nonsecure servers that were later deemed classified. However, what the analysis also shows is that these government officials, when they did use unsecured servers, at least used government accounts, which provide a measure of security, not a private home-brewed server like Mrs. Clinton’s.
The Post’s news editors must be popping a lot of Thorazine, because their coverage of Clinton is increasingly schizophrenic. As longtime readers of the paper know, the news operation is considerably more left-leaning than the editorial side (which occasionally takes a more centrist view). News stories are routinely slanted to present the most favorable liberal perspective and mock or demean opposing outlooks. This tendency is apparent in the Clinton case as well. The Post has broken some important stories in the email scandal, like the recent revelation that the Justice Department granted former Clinton I.T. aide Bryan Pagliano immunity. And the Post’s most heroic figures, Bob Woodward and Carl Bernstein, have separately suggested that the Clinton scandal is the real thing. But since Hillary is the Post’s gal, they seeded the Pagliano report with expert liberal analysis that suggested that the immunity deal is either nothing to get excited about (a weird way to promote a scoop) or actually a good thing for Clinton, while omitting contrary interpretations.
The Post’s analysis of her emails follows the same pattern. On the one hand, the news that Clinton herself personally authored over 100 classified items cuts against her chosen narrative that she got a lot of emails and that she can hardly have been expected to actually read and analyze them all for security issues as she received them or passed them on. On the other hand, the article goes out of its way to suggest that this was an endemic problem at State. And strangely again, the explanation is rather contradictory. We are told that the sending and receipt of classified information was the result of poor security procedures that preceded Clinton’s arrival. But we are also told (in line with claims made by Clinton and her campaign) that there is a culture of “over-classification” in the government. So which is it? Were officials at State too lax about security procedures or too anal? If nothing else, one thing this controversy demonstrates is that the Clinton State Department was pretty much a mess.
But besides the country itself, which is now enduring yet more Clintonian malfeasance in the midst of a critical election, are many individuals that Clinton is cold-bloodily demeaning in an attempt to exonerate herself with the “everybody did it” canard. This rests on the weak premise that other government officials – aides, ambassadors, career officials – occasionally misidentified information as innocuous or insufficiently sensitive to merit security classification. There is little doubt this happened, and continues to happen, as government employees do their best to protect sensitive information but not bog the government down in layers of unnecessary security protocol. But none of the officials identified in the Post analysis did this deliberately by establishing a private home-brewed email system to avoid State Department classification procedures entirely – and this no less, by the head of the State Department itself.
The Post article anonymously quotes one poor soul (identified as a former senior official) whose good name has now been impugned as a careless operator: “I resent the fact that we are in this situation – and we’re in this situation because of Hillary Clinton’s decision to use a private email server.”
Hillary Clinton repeatedly claims that she is the champion of the little guy. It has always been a risible claim, but if any of her supporters (including at the Post) are actually paying attention to the scoundrel, this latest gambit ought to disabuse them of the notion.
TIME TO END MEXICO'S LOOTING?This strategy is reflected in the campaign’s current mantra that “everybody,” including former secretaries Colin Powell and Condoleezza Rice, at one time or another sent emails that were later determined to be classified. A recent Washington Post analysis of Hillary’s released classified emails demonstrates that she directly sent at least 104 to various aides and officials, and that they too, including the current secretary of state, John Kerry, occasionally sent out emails through nonsecure servers that were later deemed classified. However, what the analysis also shows is that these government officials, when they did use unsecured servers, at least used government accounts, which provide a measure of security, not a private home-brewed server like Mrs. Clinton’s.
The Post’s news editors must be popping a lot of Thorazine, because their coverage of Clinton is increasingly schizophrenic. As longtime readers of the paper know, the news operation is considerably more left-leaning than the editorial side (which occasionally takes a more centrist view). News stories are routinely slanted to present the most favorable liberal perspective and mock or demean opposing outlooks. This tendency is apparent in the Clinton case as well. The Post has broken some important stories in the email scandal, like the recent revelation that the Justice Department granted former Clinton I.T. aide Bryan Pagliano immunity. And the Post’s most heroic figures, Bob Woodward and Carl Bernstein, have separately suggested that the Clinton scandal is the real thing. But since Hillary is the Post’s gal, they seeded the Pagliano report with expert liberal analysis that suggested that the immunity deal is either nothing to get excited about (a weird way to promote a scoop) or actually a good thing for Clinton, while omitting contrary interpretations.
The Post’s analysis of her emails follows the same pattern. On the one hand, the news that Clinton herself personally authored over 100 classified items cuts against her chosen narrative that she got a lot of emails and that she can hardly have been expected to actually read and analyze them all for security issues as she received them or passed them on. On the other hand, the article goes out of its way to suggest that this was an endemic problem at State. And strangely again, the explanation is rather contradictory. We are told that the sending and receipt of classified information was the result of poor security procedures that preceded Clinton’s arrival. But we are also told (in line with claims made by Clinton and her campaign) that there is a culture of “over-classification” in the government. So which is it? Were officials at State too lax about security procedures or too anal? If nothing else, one thing this controversy demonstrates is that the Clinton State Department was pretty much a mess.
But besides the country itself, which is now enduring yet more Clintonian malfeasance in the midst of a critical election, are many individuals that Clinton is cold-bloodily demeaning in an attempt to exonerate herself with the “everybody did it” canard. This rests on the weak premise that other government officials – aides, ambassadors, career officials – occasionally misidentified information as innocuous or insufficiently sensitive to merit security classification. There is little doubt this happened, and continues to happen, as government employees do their best to protect sensitive information but not bog the government down in layers of unnecessary security protocol. But none of the officials identified in the Post analysis did this deliberately by establishing a private home-brewed email system to avoid State Department classification procedures entirely – and this no less, by the head of the State Department itself.
The Post article anonymously quotes one poor soul (identified as a former senior official) whose good name has now been impugned as a careless operator: “I resent the fact that we are in this situation – and we’re in this situation because of Hillary Clinton’s decision to use a private email server.”
Hillary Clinton repeatedly claims that she is the champion of the little guy. It has always been a risible claim, but if any of her supporters (including at the Post) are actually paying attention to the scoundrel, this latest gambit ought to disabuse them of the notion.
"As alarming as those numbers are, it's gotten a whole lot worse. It's the reason why in both 2013 and 2015 I introduced legislation, the "Remittance Status Verification Act," to fix this. I call this the "Wire Act" for short."
"My bill would require a fee on remittances for customers who wire money to another country but cannot prove that they are in the United States legally. The fee would be used to enhance border security. Basically, we would be able to dramatically improve border security while making illegal immigrants pay for it."
"We also have evidence that many of those illegals who are remitting money are more likely to be illegal immigrant households receiving Social Security, health care benefits, unemployment insurance and/or stimulus money. Is it really fair for those individuals to live off our tax dollars but send untaxed, under-the-table money abroad?"
ON TOP OF THESE FIGURES ADD THE TENS OF BILLIONS HANDED TO INVADING MEXICANS IN THE FORM OF WELFARE.
ON THE STATE LEVEL ALONE, MEXIFORNIA HANDS LA RAZA $30 BILLION IN SOCIAL SERVICES.
THE COUNTY OF LOS ANGELES CHIPS IN ANOTHER BILLION FOR THE LA RAZA ANCHOR BABY BREEDING FOR GRINGO WELFARE PROGRAM.
NOW..... HOW MUCH DOES THE MEX DRUG CARTELS HAUL BACK? SOME ESTIMATES PUT THE NUMBER AT $40 - $60 BILLION!
BLOG: IT IS ESTIMATED THAT THE COUNTY OF LOS
ANGELES HAS A MEXICAN TAX-FREE UNDERGROUND
ECONOMY CALCULATED TO BE IN EXCESS OF $2
BILLION PER YEAR!
There are the billions of taxpayer dollars used to subsidize illegal immigrants' health care and education. There's the revenue we lose out on when illegal immigrants don't pay income taxes. And there's a less recognized pot of billions — the billions of dollars of earnings that illegal immigrants wire out of the United States with no tax or penalty.
more here:
We need to crack down on illegal immigrants wiring money out of the U.S.: We need to crack down on illegal immigrants wiring money out of the U.S.
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