No recovery for the middle class

By Anthony Mirhaydari

franklin-tn-great-american-main-street-cr-williamson-county-cvb_mrThe recovery is now officially in its fifth year. Sure, the stock market is back. And housing is getting off the floor. But for middle class Americans, the pressure is still on.

This has been an uneven recovery, with the benefits accumulating to the rich and the corporate sector while regular folks have largely been left behind amid stagnant wages, rising living costs, mediocre job gains and persistent long-term unemployment.

And none of this is new. The recession merely exacerbated trends that started in the late 1970s: lost manufacturing prowess, an important source of good-paying jobs; a shift to generally lower-paid service jobs; freer global trade, which deepens these employment problems; and increased reliance on finance, credit and debt as families try to hold on to the American dream.

Read More No recovery for the middle class – – MSN Money.

About The Soul Brother

An observer to the world. I have a unique view of the world and want to share it. It's all in love from the people of the "blues". Love, Knowledge, and Sharing amongst all is the first steps towards solving all the problems amongst humanity.
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1 Response to No recovery for the middle class

  1. Just tells me more that we have to be our own advocates to learning ways to make money without relying on the “job” world. Hope you are exploring all your options Soul Brother of another Mother!

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