Thu Oct 24th, 2013 at 08:21:20 AM EST
USA - Down in Jungleland
Recovery? What recovery? For the growing number of professionals and college graduates being tipped into working poverty, claims the United States is climbing out of the economic abyss is an outrageous lie. Consider the plight of the former TV anchor or the former Wall St trader now both working in a bar for a little over two bucks an hour plus tips. And with many from the middle class now toiling in poor paying jobs with little or no benefits, what happens to the people who used to do that work. From the Jersey Shore to the California coast are we witnessing the future of work in the USA?
Luckily we here in Australia are not there ...yet...not that I know...but with conservatives in power and so called "two speed economy" where not only that mining economy is slowing but outside mining economy (rest of it) not being able to move an inch in right direction let alone to pick up for mining slowing I am seriously scared for the future...of my children and grandchildren. I wouldn't like Australia EVER to become anything resembling USA (in any way shape or form) ...but I am afraid.
So called middle class is slowly losing ground here too, with less well-paid jobs, less benefits from the state (school kids bonus and low income superannuation benefits to be scraped soon together with mining tax that should provide money for them)...and it is just a beginning...After election parliament did not start to work yet and this has been prepared as an "entree/appetizer"...
What exactly you can see around you in your respective cities/countries. Your friends, your neighbours, your relatives...how do they cope?
I'll tell more about my surroundings later...