But it looks to me like job numbers may be misleading.
"The U.S. middle class has shrunk drastically over the last 10 years as Americans' net worth has plunged, wages declined and standards of living slipped away, according to a report released on Wednesday [Aug 2012]."
http://www.reuters.com/article/2012/08/22/us-usa-economy-middleclass-idUSBRE87L0TI20120822
"Good paying full-time jobs are disappearing, and they are being replaced by low paying part-time jobs. So far this year, 76.7 percent of the jobs that have been "created" in the U.S. economy have been part-time jobs."
And why are wages dropping?
"First of all, thanks to our very foolish politicians American workers have been merged into a global labor pool where they must directly compete for jobs with workers on the other side of the planet that live in countries where it is legal to pay slave labor wages. This has resulted in millions upon millions of good jobs leaving this country. Big corporations can pad their profits by taking a job from an American worker making $15 an hour with benefits and giving it to a worker on the other side of the globe that is willing to work for less than a dollar an hour with no benefits. Our politicians could do something about this, but they refuse to do so. Most of them are absolutely married to the idea of a one world economic system that will unite the globe. Unfortunately, the U.S. economy is going to continue to lose tens of thousands of businesses and millions upon millions of jobs to this one world economic system."
Can you spell TPP? Globalization is killing the American standard of living.
http://www.zerohedge.com/news/2013-08-05/40-us-workers-now-earn-less-1968-minimum-wage
"Last year the median wage hit its lowest level since 1998, revealing that at least half of American workers are being left behind as the economy slowly recovers from the Great Recession."
http://america.aljazeera.com/articles/2013/11/4/median-wage-stagnationincomeinequality.html
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