The crisis in housing: Not enough homes are being built and rents are outstripping wage gains.
There is an economic crisis happening in the housing market. The working class is finding more of their wages sucked into the housing financial puzzle. Stagnant wages combined with rising home prices and rents are putting a lid on household formation. It probably doesn’t help that many young families are caught in the low wage […]
The working few and the inverted pyramid of labor: 1 out of 3 Americans financially carry the other two-thirds.
Last month a record 93,194,000 Americans were counted as not being in the labor force. Counted might be the wrong word since this group is largely erased from any employment figures. In fact, this is a large reason why the unemployment rate has fallen so dramatically. Yet one grim financial reality remains. That reality includes […]
The working class Hunger Games: Reality TV show now pits working class against working class family for the chance to earn $101,000.
Reality TV has a nice connection to our growing low wage economy. Reality TV is easy to make, costs relatively little, and can be flushed away if it fails. If a hit occurs, the big profits are frontloaded to the network while “stars†can make money after the cream has been taken away. There is […]
Inflation acts as a pickpocket on the wallets of working Americans: Young Americans take a big hit given the small weight given to tuition in the CPI.
Inflation is a very real thing. The Fed continues to downplay the impacts of inflation to support their ongoing easy monetary policy. What this has created is an inflated stock market and hot money chasing into other asset classes including real estate. This wouldn’t be such an issue if your typical working American family was […]