The drop in the labor force is coming from prime-age Americans, not aging retirees: Examining the 94.6 million Americans not in the labor force.
Those not in the labor force hit a record number in the last month. While the mainstream press tries to spin it as a retirement trend, the reality is most Americans are too broke to retire. The Atlanta Fed added some color to explain the big decline in labor force participation. As it turns out, […]
Renters are paying too much and their burden is only going to increase: How financial policies gouge working class Americans.
A recent report by Harvard University’s Joint Center for Housing Studies showed an absolutely dismal housing situation for Americans. Housing is unaffordable for most working class Americans. Sure you can take on a gigantic mortgage with a low interest rate and pretend all is fine but you are simply chaining yourself to the bank for […]
Labor force catastrophe with more than half a million dropping out of the labor force: Record 94.6 million Americans not in the labor force.
The latest employment report was a complete disaster. The only reason the unemployment rate remained unchanged was because a stunning 579,000 people dropped out of the labor force in one month. We now have a record 94.6 million Americans categorized as not being in the labor force. This massive drop cannot be explained by the […]
Wage Apocalypse for the American man: Typical male worker earned less in 2014 than in 1973.
The middle class destruction train is moving full steam ahead if we are to examine Census figures closely. And the American male has a first-class ticket on this express train to wage destruction. According to the recently released Census figures full-time working males are earning less than they did in 1973 adjusting for inflation. Purchasing […]