Words change meaning across town and across generations. In 1970 a soldier returning from Vietnam who told his family that he got a job would find all sorts of young women willing to marry him because he made enough money to support a family. Not so today. Or a young woman graduating from college in 1970 who got a job could have helped parents if they got sick and could not work.Today’s college graduate has to qualify the statement ‘I got a job ‘ with words like part time or full time and just how near the minimum wage they are. Words like health benefits do not come up for discussion for most jobs held by recent college graduates.
The average 2011 college graduate had $25,000 in student debt and $3,500 in credit card loans at graduation. At 10% interest the minimum interest only payment on the average student debt would be $3,500 a year and at 30% that credit card debt would cost $1,500 if you couldn’t afford to make payments of the principal. That is difficult to do when the average salary of those college grads has declined from $30,000 to $27,000 a year before taxes. After federal and state income taxes that is lucky to take home $12.25 an hour so those student loans and credit card bills are really depressing.
Our most recent jobs report noted that the number of people with multiple part time jobs with zero benefits is surging. Also surging is the number of Americans who are not even in the labor force. That figure stands at 36% today and will doubtless be higher tomorrow. The federal government regards part time employment working Saturdays as a job so they can keep the illusion of an unemployment rate below 8% in the media. And since 1970 our wages have declined 40% after taxes and after deflating for higher prices. This is according to then professor and now Senator Elizabeth Warren. If you discount for lower mortgage costs, it is game over for the middle class. If a rambunctious activist, were to subtract the cost of a mandatory Obamacare minimum fee for health insurance on a recent college grad with three near minimum wage jobs, we would know the truth; We can’t afford to live here anymore which I believe is by design. Do you want proof?
The employment rate has fallen below 59% and stayed there for four years. The employment rate even in terms of quantity and not the more strict terms of quality is worse than at any time since the Great Depression.
After tax disposable income if you discount for inflation had the largest monthly decline in January over the past 50 years.
The US Census Bureau reports that 146 million Americans are either near the poverty line, at it or below. You are aware that the American government lies about the cost of living by omitting the price of food and fuel from the cost of living. But did you know that the Census Bureau keeps the poverty line unrealistically low by using health care costs from the early 1950s? Fans of old movies like myself have heard lines like the following: a boss complaining that it costs him $20 a day keep a worker in Intensive Care in a Los Angeles hospital. So just how realistic is it for the Census to define a man with two part time jobs as being above the poverty line if they are assuming he can get a room in an ICU for $20 a day in Los Angeles?
Planned Obsolescence; A chemist said he had bought a blender 22 years ago that lasted 20 years. He replaced it two years ago. The new blender failed after just two years. He asked us what is the real replacement cost of his blender? He thinks the new one is 20 times the old one which is no longer available. The point here for what used to be the middle class was also made by Richard Russel. When he was a boy during the Great Depression, he did not notice changes immediately. After a year he noticed that people’s shoes were wearing out and not being replaced. Now fast forward to today’s planned obsolescent society. If you are a middle class person with declining real wages, or a young underemployed graduate or a pensioner, you absolutely cannot afford to replace all of your household goods every two or three years.
Of course the same is happening to America’s infrastructure. I read quite often of bridges collapsing. Levees are rated near collapse and nothing is done to save hundreds of thousands of people from potentially catastrophic losses. America’s debt is nearly 17 trillion dollars. More than $21 trillion if you count state and local debt. More than 25 trillion if you count Government Sponsored loan guarantees like to Fannie Mae and Sallie Mae. And, if you add in the infrastructure repairs which will have to be paid for sooner rather than later, you are approaching 30 trillion dollars.
Instead of letting a politician confuse the issue we could just define the word job as one that produces enough after tax income to support a family in a safe neighborhood. I have taken the liberty to add the concept of safety to housing because a politician can give you an unrealistic low ball housing cost estimate by including areas that No Sane Person would say their children can safely walk home from school.
The federal government has admitted in court documents to taking planes filled with 5.5 tons of illegal drugs per flight into America. They distribute drugs to those street gangs who have 1.4 million members, The Federal government sells weapons to these same gangs inside the US and not just to gangs in Mexico. This has made large area of America uninhabitable for middle class people. What you might not realize is that they want your children to be beaten up at school, terrorized and even raped. The latter refers to boys as well as girls. This has forced families to pay exorbitant amounts of money for a house.
Before I left Silicon Valley a relative’s neighbor had bought a home with a $7,000 a month mortgage payment. This was not a fancy home. The fence was falling down. They had $20,000 in repair work for the roof and plumbing which easily could have been more. Obviously, both parents worked. My relative had to take over some toys for their daughter who was three year-old and had none. I met a woman with a beautiful 11 year-old girl who had to move to Cupertino to protect her daughter from persistent and serious rape threats as she was white in a majority immigrant neighborhood. $900,000 was the price she had to pay to protect her children.
Compare that to the 1960s when $25.000 homes with 3 bedroom had affordable payments of $129 a month. But that was before the federal government thought it was a good idea to double the population of California.
A quick online check found a few major companies currently willing to pay $15.00 an hour to experienced warehouse workers who must be strong and in good health. I found lots of rooms to rent ranging from $600 a month to $900 ranging from 100 square feet and up. That is for the room. Figure another $100 for utilities. Your monthly bus pass is only $70. Forget about a car. California registration fess and taxes plus insurance and that mandatory smog check will kill your budget. Your monthly budget is already close to $800 before you get to buy food and clothes. Obviously, the working class will not ever be making enough to get married. And they can forget about having even one child. This might lead us to falsely conclude they like immigrants. We already know that their Foundation studies tell us the global elite plans to reduce the total population of the world to a billion or fewer people so they must like any of us at all.
The times are a changing. The ruling class has decided that the future does not include you no matter what race you are.
Author’s Notes: No Exit For Bilderbergers – Why A Plague Will Not Save The Bankers
Video: The Sinaloa Mexican Drug Cartel Is A CIA Subsidiary
Scott Rickard: US Drug Lord Runs Defense Intelligence Agency
This next link is to a relatively unknown martyr.
Video: Nancy Schaefer’s Case Against Child Protective Services
The last link today is to Janet Phelan who will explain the ability the elite has to target individual homes with poisons and plagues.
Janet Phelan Water Wars: Targeted Killing Resistors To The NWO With Double Lined City Water Pipes
You failed to mention that in 1970 a college graduate actually had an education rather than the globalist indoctrination that passes for knowledge today. If I were hiring right now I would avoid anyone who was “educated” in the last 20 years in favor of someone holding a G.E.D.
Recent college graduates were robbed, and before they got into debt for hundreds of thousands of dollars, they should have had a good, hard look at what they were buying. Most of them are cheap whores who only enrolled in college for the promise of making the big bucks, and had no interest in acquiring knowledge anyway. They got what they deserved.
They know nothing, but believe they know everything, and as a result, they’re too “enlightened” to ever understand how they’ve been duped, brainwashed, and robbed.
Rducation is mostly job training mixed with lessons in obedience. And a lot of those engineers have been replaced by immigrants who make half of what the people they replaced. But as I said the elite plans to kill then too,
Exactly right, some sociology courses in university actually have nothing to do with social theory, but rather number crunching and plotting graphs of citizen’s information that was gathered through surveys on behalf of the government. Essentially, we get a sociology degree to work for the government and aggregate data for its citizens and possibly use this data to profile them. It is just job training, no critical thought what so ever.
Video Rebel. I rarely comment on your blog, as your articles are complete in themselves. You really have one of the best blogs online I’ve ever read. You don’t cut and paste from other blogs, like many do. You write your own original thought.
Your blog is the tiramisu of blogosphere. A beautiful slice of tiramisu doesn’t need chocolate sauce poured on it. The dessert is enough.
We are either looking at a massive reset button or civil war. I’m prepared for either.
I went to a university in the mid-1970’s and back then, it took lots of work to get an ‘A’ in your course.
Went back to the same university in the mid-1990’s and the amount of effort it took to get an ‘A’ was a joke.
We have devalued college degrees as much as our currency. We will have to reform education as well as our banking system.
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