Wage Crisis - The USA's new underclass-VIDEO

American political money-grubbers, together with magical money-printing banking elite – have knowingly devalued the currency and off-shored the country’s real economy and traditional job sector. It’s great if you are in government, or work for a magical firm on Wall Street, but for the rest of the nation it’s a continuous slide downwards.

Those jobs are not coming back anytime soon. 

Do your Congressman and Senators, or the President really care? Trust us when we tell you – they could care less. They care about their friends in Wall Street.

“A rich country of poor people”

Brasscheck TV

The average wage in America stopped growing in the 1970s and has been in steady decline ever since. And that’s for the people who have jobs. 

As predicted by so many, the engineered gutting of America’s manufacturing infrastructure has created a chronic un- and under-employment problem in the US. When Reagan and all the traitors who followed him helped destroy US manufacturing on behalf of first the Japanese and then the Chinese and others, where did they think people were going to find work? 

They knew they wouldn’t, and they didn’t care…

Economic hardship in the world's biggest financial superpower

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The squeezed American middle class has been at breaking point for some time. Now with politicians reluctant to raise the minimum wage and food stamps being cut, the social consequences could be devastating.

Mike Doyle's plummet into the ranks of America's working poor is dramatic. He was a Wall Street trader - then the GFC clobbered his hedge fund and now he's mixing drinks at night for $2.13 an hour. Every day he takes the dawn ferry to Manhattan to try - so far in vain - to resuscitate his financial career. "I think it's a real big issue now. Every family I know, all of these people have two jobs", he tells us. As renowned economist Joseph Stiglitz points out, he's far from being alone. "Most Americans have seen their incomes stagnate or fall since 2008. Median income of a full-time male worker today is lower than it was 40 years ago." Yet despite the grind, some refuse to give up, like young mother of one Tayzia Treadwell. She works as a security guard in one of the toughest neighbourhoods in America, while raising her child and studying at business college. "I want the good life that everyone dreams when you're in school and you draw the little house and the picket fence and a dog. I just want a happy ending." But without help it is difficult to see even those like Tayzia achieving their dreams. The land of opportunity? Not anymore.

ABC Australia