Here is a logical question. Why would a person spend $22 million dollars of their own money to get elected to a job that pays $170,000 dollars a year for 4 years? Think about that for a moment. Just so we keep it all in focus here, the answer is several candidates have done so and it doesn’t matter whether you are Democrat or Republican. It is happening on both sides. This is the true definition of an oligarchy, which is defined as a form of government in which all power is vested in a few persons or in a dominant class or clique; government by the few.
So one has to ask the next logical question, why would those few see the economic advantage of investing these massive amounts of money? Where is the profit in that move? The answer is obvious and factual.
The Social Security Administration has just released wage statistics for 2013, and the numbers are startling. Last year, 50 percent of all American workers made less than $28,031, that is less than $13.50/hr. wage, and 39 percent of all American workers made less than $20,000, which is less than $9.75/hr. wage. If you worked a full-time job at $10 an hour all year long with two weeks off, you would make $20,000. So the fact that 39 percent of all workers made less than that amount is rather telling. This is more evidence of the declining quality of the jobs in this country. In many homes in America today, both parents are working multiple jobs in a desperate attempt to make ends meet. Our paychecks are stagnant while the cost of living just continues to soar. And the jobs that are being added to the economy pay a lot less than the jobs lost in the last recession. In fact, it has been estimated that the jobs that have been created since the last recession pay an average of 23 percent less than the jobs that were lost. We are witnessing the slow-motion destruction of the middle class, and very few of our leaders seem to care.
The “average” yearly wage in America last year was just $43,041. But after accounting for inflation, that was actually worse than the year before… American paychecks shrank last year, just-released data show, further eroding the public’s purchasing power, which is so vital to economic growth. Average pay for 2013 was $43,041 — down $79 from the previous year when measured in 2013 dollars. Worse, average pay fell $508 below the 2007 level, my analysis of the new Social Security Administration data shows.
Flat or declining average pay is a major reason so many Americans feel that the Great Recession never ended for them. A severe job shortage compounds that misery not just for workers but also for businesses trying to profit from selling goods and services. Average pay declined in 59 of the 60 levels of worker pay the government reports each October. And please keep in mind that “average pay” is really skewed by the millionaires and billionaires at the top end of the spectrum.
Median pay in 2013 was just $28,031.02. That means that 50 percent of American workers made less than that number, and 50 percent of American workers made more than that number. Here are some more numbers from the report that the Social Security Administration just released…
-39 percent of American workers made less than $20,000 last year.
-52 percent of American workers made less than $30,000 last year.
-63 percent of American workers made less than $40,000 last year.
-72 percent of American workers made less than $50,000 last year.
It has been estimated that it takes approximately $50,000 a year to support a middle class lifestyle for a family of four, and so the fact that 72 percent of all workers make less than that amount shows how difficult it is for families that try to get by with just a single breadwinner.
The way that our economy is structured now, both parents usually have to work as hard as they can just to pay the bills. But there was one group of Americans that did see their incomes actually increase last year. Those making over 50 million dollars had their pay increase by an average of $12.8 million in 2013. That’s a startling 25%+!
Posted below is a chart that comes from the Federal Reserve. It shows how real median household income in the United States has declined since the year 2000…
Meanwhile, the cost of living has continued to rise at a steady pace. Needless to say, this is putting a tremendous squeeze on the middle class. With each passing day, more Americans are losing their spots in the middle class and this has pushed government dependence to an all-time high. According to the U.S. Census Bureau, 49 percent of all Americans now live in a home that receives money from the government each month. This is completely and totally unsustainable, but our long-term economic problems just keep getting worse.
Our politicians have stood by as millions upon millions of good paying jobs have been shipped out of the country. Millions of other middle class jobs have been lost to technology. This has resulted in intense competition for the middle class jobs that remain, and huge profits for the corporate elite, which in turn invest huge amounts of money to insure that our government continues its policies of not raising the minimum wage and denying the real cost of living to those on social security and disability. They then create propaganda through their media outlets to convince us that 72% of us are “takers”. How bold is that? Shame on us for buying this crap.
And at this point we are even losing lots of lower paying retail jobs. For example, it is being reported that Sears plans to close 110 more stores and lay off more than 6,000 workers. Sears says that the report “isn’t accurate”, but it isn’t denying that stores will be closed either… In an email to USA Today, Sears spokesman Howard Riefs said the store count and closures “isn’t accurate,” but did not provide store closures or layoff numbers. “As we stated in our (second quarter earnings report), we disclosed that we would be closing unprofitable stores as leases expire and in some cases will accelerate closings when it is economically prudent. And that we would consider closing additional stores during the remainder of the year,” Riefs said. “Make no mistake, we believe the store will continue to play an integral role in our transformation, however, if a store is not generating a profit, it is straightforward that the store should be considered for closure.” Hmmm. If people have no money to spend how can there be demand?
Are we going to remain silent until, as Aleksandr Solzhenitsyn said, “You only have power over people so long as you don’t take everything away from them. But when you’ve robbed a man of everything, he’s no longer in your power – he’s free again. Wake TFU.