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Discussion Starter · #1 ·
With all the talk on here about how the auto unions have ruined our country auto indrustry. Read this.

SOON the majority of our country will not be able afford the new autos produced here. No matter what you think the unions UAW and UMW provided almost all of the benefits the rest of us enjoy.


Discuss the effect of these figures on our countries abilty to substain its current life style.






From The Business Insider

Editor's note: Michael Snyder is editor of theeconomiccollapseblog.com

The 22 statistics detailed here prove beyond a shadow of a doubt that the middle class is being systematically wiped out of existence in America.

The rich are getting richer and the poor are getting poorer at a staggering rate. Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a blinding pace.

So why are we witnessing such fundamental changes? Well, the globalism and "free trade" that our politicians and business leaders insisted would be so good for us have had some rather nasty side effects. It turns out that they didn't tell us that the "global economy" would mean that middle class American workers would eventually have to directly compete for jobs with people on the other side of the world where there is no minimum wage and very few regulations. The big global corporations have greatly benefited by exploiting third world labor pools over the last several decades, but middle class American workers have increasingly found things to be very tough.

Here are the statistics to prove it:

• 83 percent of all U.S. stocks are in the hands of 1 percent of the people.
• 61 percent of Americans "always or usually" live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007.
• 66 percent of the income growth between 2001 and 2007 went to the top 1% of all Americans.
• 36 percent of Americans say that they don't contribute anything to retirement savings.
• A staggering 43 percent of Americans have less than $10,000 saved up for retirement.
• 24 percent of American workers say that they have postponed their planned retirement age in the past year.
• Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008.
• Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.
• For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.
• In 1950, the ratio of the average executive's paycheck to the average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one.
• As of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets.
• The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.
• Average Wall Street bonuses for 2009 were up 17 percent when compared with 2008.
• In the United States, the average federal worker now earns 60% MORE than the average worker in the private sector.
• The top 1 percent of U.S. households own nearly twice as much of America's corporate wealth as they did just 15 years ago.
• In America today, the average time needed to find a job has risen to a record 35.2 weeks.
• More than 40 percent of Americans who actually are employed are now working in service jobs, which are often very low paying.
• or the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011.
• This is what American workers now must compete against: in China a garment worker makes approximately 86 cents an hour and in Cambodia a garment worker makes approximately 22 cents an hour.
• Approximately 21 percent of all children in the United States are living below the poverty line in 2010 - the highest rate in 20 years.
• Despite the financial crisis, the number of millionaires in the United States rose a whopping 16 percent to 7.8 million in 2009.
• The top 10 percent of Americans now earn around 50 percent of our national income.

Giant Sucking Sound

The reality is that no matter how smart, how strong, how educated or how hard working American workers are, they just cannot compete with people who are desperate to put in 10 to 12 hour days at less than a dollar an hour on the other side of the world. After all, what corporation in their right mind is going to pay an American worker 10 times more (plus benefits) to do the same job? The world is fundamentally changing. Wealth and power are rapidly becoming concentrated at the top and the big global corporations are making massive amounts of money. Meanwhile, the American middle class is being systematically wiped out of existence as U.S. workers are slowly being merged into the new "global" labor pool.

What do most Americans have to offer in the marketplace other than their labor? Not much. The truth is that most Americans are absolutely dependent on someone else giving them a job. But today, U.S. workers are "less attractive" than ever. Compared to the rest of the world, American workers are extremely expensive, and the government keeps passing more rules and regulations seemingly on a monthly basis that makes it even more difficult to conduct business in the United States.

So corporations are moving operations out of the U.S. at breathtaking speed. Since the U.S. government does not penalize them for doing so, there really is no incentive for them to stay.

What has developed is a situation where the people at the top are doing quite well, while most Americans are finding it increasingly difficult to make it. There are now about six unemployed Americans for every new job opening in the United States, and the number of "chronically unemployed" is absolutely soaring. There simply are not nearly enough jobs for everyone.

Many of those who are able to get jobs are finding that they are making less money than they used to. In fact, an increasingly large percentage of Americans are working at low wage retail and service jobs.

But you can't raise a family on what you make flipping burgers at McDonald's or on what you bring in from greeting customers down at the local Wal-Mart.

The truth is that the middle class in America is dying -- and once it is gone it will be incredibly difficult to rebuild.
 

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And away we go. IB4, politics, religion and name calling!
 

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Discussion Starter · #3 ·
I just think it is about time We as what is left of the middle class take OUR country back. Everybody quit B!TCHIN and VOTE. Organize the rich have been doing it for years and now they have all of "poor" where they want us running the rat race and to exhausted to question their motives
 

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I just think it is about time We as what is left of the middle class take OUR country back. Everybody quit B!TCHIN and VOTE. Organize the rich have been doing it for years and now they have all of "poor" where they want us running the rat race and to exhausted to question their motives
Go look at the percentage of stuff you bought that is made where you live and get back to us.
 

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I wouldn't say its the unions, its the US citizenry which all they know how to do is parrot "go to school" "get educated|" or share wild obsessions about sports or celebrity gossip instead of seeing its the system including our suit dressed politicians that are doing this to us. While the corruption which gave us NAFTA and the whole "globalization scheme" will continue to steamroll over us and smile while doing so.
 

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I wouldn't say its the unions, its the US citizenry which all they know how to do is parrot "go to school" "get educated|"
Yeah, that's a terrible idea considering that's exactly what I did. Now I design products for a living and do my best to find and promote U.S. manufacturing for my clients. :rolleyes:
 

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Don't worry...Barry's wealth redistribution crusade will fix all of this.

(For those who support him and his ridiculous ideas, do you really think, even for a moment, that he has an interest in redistributing HIS wealth to YOU?)
 

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I wouldn't say its the unions, its the US citizenry which all they know how to do is parrot "go to school" "get educated|" or share wild obsessions about sports or celebrity gossip instead of seeing its the system including our suit dressed politicians that are doing this to us. While the corruption which gave us NAFTA and the whole "globalization scheme" will continue to steamroll over us and smile while doing so.
I don't understand how going to school and getting educated is actually detrimental. I do agree that people get swept away in fantasies which will probably never come to fruition; blame reality TV for that, it's easier to be a spectacle and become somewhat famous than working hard developing skills and a career.
 

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Don't worry...Barry's wealth redistribution crusade will fix all of this.

(For those who support him and his ridiculous ideas, do you really think, even for a moment, that he has an interest in redistributing HIS wealth to YOU?)
The fallacies and inaccuracies in this statement make it not worth addressing.
 

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• 61 percent of Americans "always or usually" live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007.
• 36 percent of Americans say that they don't contribute anything to retirement savings.
• A staggering 43 percent of Americans have less than $10,000 saved up for retirement.
• 24 percent of American workers say that they have postponed their planned retirement age in the past year.
• Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008.
Two things: What does this "article" have to do with unions? If a company gets greedy and moves their operations overseas, there isn't a damn thing the union can do about it.

#2 - While I'm sure there are more bullet points that fall into this argument, the above can also be attributed to poor financial education on the part of average Americans. It's not my fault (or the government's fault) that you live paycheck to paycheck because you opted to buy a McMansion and a brand new Escalade, but now can't afford to put any money in savings or retirement. The "middle class" attitude of "it's okay, I can put it on credit, I DESERVE THIS" is what led to so many people buying houses they couldn't afford, and subsequently tanking the market.*

(*I'm not dismissing the practices of the lending industry over the past decade by ANY MEANS, but it takes two to tango.)
 

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this has nothing to do with unions ... well done!

this is pure political trolling.

/unions still suck, and are a significant part of the reason why american cars do not compete better.
 

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Yeah, that's a terrible idea considering that's exactly what I did. Now I design products for a living and do my best to find and promote U.S. manufacturing for my clients. :rolleyes:
Let me clarify I'm not saying education is bad I'm just saying we need to wake up and see how the US is being de-industrialized and even jobs that require a college degree are being sent overseas. In the past you wouldn't even need an associates degree to live somewhat comfortably the opposite of now due to inflation and globalization. Look at how many people are losing they're jobs due to the H1B programs.

And by the way I do find it commendable that you look to promote US manufacturing:thumbup:. Unfortunately corporations do not share that same idea.
 

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I swear, sometimes you don't even try to make sense.

You're convinced the government is eradicating the middle class and the guy I quoted there seems convinced the government is trying to make it so there's nothing but a middle class standard of living.

Why the hell should I take either viewpoint seriously?
 

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The fallacies and inaccuracies in this statement make it not worth addressing.
Yeah, you're probably right. But since I'm clearly retarded, could you please set me straight and tell me what's wrong with my statement? Enlighten us, O Great Lefty. We could all use a good chuckle. (And those among us capable of logical thought will get one, and we'll be happy to explain the joke to anyone who doesn't get it but wants to know what we're laughing at. Remember, though, that once a joke gets to a point where it must be explained, for those who require the explanation, it won't be funny anyway!)
 
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