Saturday, May 21, 2011

More Americans doomed to have low-income jobs

From: RTAmerica | May 19, 2011

Nearly half of all jobs in America are low-income ones, a statistic that has risen steadily over the last three decades. With one-out-of-four children in the country on food stamps—44 million people in all—what exactly has become of the golden age of prosperity in America? Greencrest Capital Senior Analyst Max Fraad Wolff says that the erosion of unions and benefits, coupled with the inability to recoup from the 2008 repression, are becoming detrimental to the economy. With astronomical unemployment rates and many unable to make ends meet, the safety net that exists to save Americans is ripe with holes, says Wolff.

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