Friday, July 15, 2011

40 facts about the wipeout of the middle class



Forty more scary charts from Business Insider. Look at the one above. It shows that wages as a percent of Gross Domestic Product are the lowest in 50 years.

There are others -- scary, yes, but they also tell you what you already know. See them here.
  • The number of Americans NOT in the labor force is at an all-time high.
  • Only 66.8 percent of American men had a job last year. That was the lowest level ever recorded in U.S. history.
  • There are are 20 percent fewer middle class jobs now than there were in 2000.