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Thursday, September 25, 2014
Welcome To The Oligarchy – US Leads The Developed World In Low Wage Jobs
In an apparent attempt to advise investors on how they can take advantage of America’s transformation into a neo-feudal oligarchy in a 50-page research report, Morgan Stanley has put together some very interesting charts.. We will be sharing many of them in the next few days but none is more telling and depressing than the one that shows how the U.S. leads the developed world in the share of low wage jobs...
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3 comments:
The wealthy are getting wealthier in direct proportion to the poor getting poorer.Duh
Just another chart to show how fast we are approaching a civil war or revolution. History shows what happens when the poor have no hope of getting ahead (looked at prices lately? and then look at wages?) but are constantly shown how great the wealthy have it.
We also have (by far) more millionaires and billionaires than any other country. The same ones who say they just can't afford to pay for benefits, full time employees, or a wage that can pay the rent AND groceries.
"Let them eat cake" got a rich girl beheaded, if you'll remember your middle school history.
They still teach history, right?If so, no one pays attention to it any more....
Thank you, Imclain.
Your point is spot on, and hopefully, it will not be ling til the revolution. I am 60, and have had a good, free life until now. My kids face poverty, basically.
AI am ready and willing to correct that.
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