Are you looking to earn low wages? A college degree might be your ticket. College earning power dwindles over the last 15 years.
We constantly hear the loud drumbeat that a college degree is your ticket to untold fortunes. Of course we never get the detailed report showing students that are drowning in debt and also many that went to for-profit schools or pursued unmarketable majors and guess what? These people would largely have done better by not […]
China has overtaken Mexico as the source of the largest number of immigrants to the U.S. – the Far East is the new Southwest.
It should come as no surprise that the US is a net immigration country while China and Mexico are both net emigration countries. What may be a surprise is that now China has overtaken Mexico as the top importer of immigrants. The flood of money from China into key cities has been nothing short of […]
The low wage employment tsunami: Low wage jobs now make up 25 percent of all employment in the United States.
The employment report continues to provide deceptive bread and circus fodder for the mainstream press. Never is any thorough analysis given to the 93+ million Americans that are now part of the “not in the labor force†category. In large part, we have a low unemployment rate because this massive army of Americans is simply […]
Student and auto debt fuel credit bubble 2.0: Student loans carry the highest delinquency rate of all debt classes. Student and auto debt up $1.15 trillion in last decade.
A large portion of our recent recovery has come from debt fueled consumption. The bailouts have been favorable to financial institutions but access to debt for American families has been in segments that are counterproductive to wealth accumulation. There is no benefit in having access to cheap loans for purchasing a car, an “asset†that […]