The realities-
As the gap between the rich and poor widened over the last three decades, families at the bottom found ways to deal with the squeeze on earnings. Housewives joined the workforce. Husbands took second jobs and labored longer hours. Homeowners tapped into the rising valueof their properties to borrow money to spend.
Those strategies finally may have run their course as women’s participation in thelabor force has peaked and the bursting of the house-price bubble has left many Americans underwater on their mortgages.
The Idiot solution -
In the meantime, record-high stock prices are enriching wealthier Americans, exacerbating polarization and bringing income inequality to the political forefront. Even independent government agencies like the Securities and Exchange Commission and the Federal Reserve have been dragged into the debate.
The Idiot Puppets...latest one here -
Janet Yellen, nominated to take over as Fed chairman next year, defended the central bank’s actions at a Senate Banking Committee hearing on Nov. 14.
“The policies we’ve undertaken have been meant to generate a robust recovery,” Yellen told the committee.
The emerging challenge-
Millennials -- adults aged 18 to 32 -- are still slow to set out on their own more than four years after the recession ended, according to an Oct. 18 report by the Pew Research Center in Washington. Just over one in three head their own households, close to a 38-year low set in 2010.
Even those with college degrees are having trouble keeping up, he said. While they earn more than those with less schooling, they’ve seen no real wage growth in recent years. The median income of men 25 years of age and older with a bachelor’s degree was $56,656 last year, 10 percent less than in 2007 after taking account of inflation, according to Census data.
Now if you apply the real almost 11-15% inflation coupled with the decimation of the dollar implemented by "haywire Keynankama" economics...it'll get worse before it gets better.
Now here's the part that'll emerge as the solution after it becomes a problem -
More older workers -- including one over 65 years -- as well as college-educated are joining her team, showing that rough economic times have swelled the ranks beyond the typical teenager at the register, Caldwell said.
“We’re making barely enough to even survive,” Caldwell said. “We’re not even surviving -- we’re dependent on state assistance while our CEO makes $5.8 million and he’s sitting in an office.”
The old are getting trod on, the hardworking are being exploited, the educated are being disappointed by aspirations and dreams that don't materialize; and the artificially fueled stock market is hitting new highs while the Fed and the Govt. is telling you how "good" we are doing and how the economy is improving and jobs are being created. This talking head tactic of manipulated propaganda may actually have worked pre-internet or in an environment where the Kool-Aid is still plentiful and well received because the people still believe and care for their leaders and the media that pours the drinks. Unfortunately, this party is close to over. When enough of this happens there WILL be a problem and how it plays out will be interesting.
The people want accountability and not hand outs and parlor tricks. They are held accountable everyday whether they are flipping burgers or building cars or in corporate america. They are always under the vigilant eye of a data driven profit engine. Most may or will be replaced as automation improves to increase productivity in the lower level jobs.
They want to know why their leaders aren't accountable, why they continue to receive benefits and pay for life even after they are done serving on Capitol Hill, most in a mediocre manner. Why, if idiots like Janet Yellen and Ben Bernanke began an $85 Billion a month experiment in 2010...more than that from 2008-2010, to IMPROVE our quality of life, we are in this place of quasi-destitution with no light showing at the end of the tunnel.
The fix is simple but it'll take an Ocham's razor like method and will not fit the political framework.
Think simply - Responsibility, accountability, fairness and reward.
The upshot is that with kids not leaving the nest until later and the old having to move in with family, America may have a chance at reinforcing the glue that holds them together in the family world. Very good things come from adversity...except that is adversity itself.
'via Blog this'
