The most depressing chart showing US imports and exports in 2016 with top trading partners.
The manufacturing base has completely eroded in this country and one chart dramatically highlights this (shown later in the article). It is deeply disturbing that we now have as many people working in restaurants as waiters and bartenders as we do in manufacturing. This of course is for good reason given that you can’t export […]
Record 95.1 million Americans not in the labor force. The challenge of having an army of non-working adults.
The year definitely ended with a bang and the number of Americans not in the labor force is now at a record high as well. 95.1 million Americans are now floating in the “not in the labor force†category that finally got some mainstream attention in 2016. This is a big deal because you have […]
Everyone thinks they are middle class: The false perceptions many Americans hold.
We have a deeply held belief in America that if you work hard enough, anything is achievable. This is something built into the core of our nation. If you go back to the Great Depression, while other countries were overturning systems and shifting deeply held ideology, Americans held steady and went out and voted. The […]
With a recovery like this, who needs a recession: 62 percent of Americans don’t even have $1000 in savings.
The stock market just hit another record high. Yet only half of Americans actually own any stock. Real estate prices are ebbing closer to their previous bubble peak. Yet the homeownership rate is down. The unemployment rate is down dramatically but we have over 94 million Americans not in the labor force. This recovery seems […]