53 Million Americans Drowning In Cycle Of Low-Wage Work  | WHAT REALLY HAPPENED

53 Million Americans Drowning In Cycle Of Low-Wage Work 

For instance, a new report sheds light on 53 million Americans, or about 44% of all US workers, aged 18 to 64, are considered low-wage and low-skilled.

Many of these folks are stuck in the gig economy, making approximately $10.22 per hour, and they bring home less than $20,000 per year, according to a Brookings Institution report.

An overwhelmingly large percentage of these folks have insurmountable debts if that are student loans, auto loans, and or credit card debt. Their wages don't cover their debt servicing payments as their lives will be left in financial ruin after the next recession.

While the top 10% of Americans are partying like it's 1999, most of whom own assets, like stocks, bonds, and real estate, are greatly prospering off the Federal Reserve's serial asset bubble-blowing scheme and President Trump's stock market pumping on Twitter.

Today's artificial economy isn't working for everyone as the wealth inequality gap swells to crisis levels.

Webmaster's Commentary: 

And while President Trump keeps chanting his "mantra" about the economy being "great", it is, unfortunately, only "great for the already monied.

There are many moments when President Trump appears to be absolutely, totally tone-deaf to the real needs and concerns of ordinary working people who have, through absolutely no fault of their own, found that their decent-paying job, enabling them to enjoy a middle class lifestyle, has been offshored/outsourced by corporations which relocate internationally, and pay pennies on the dollar for that country's labor.

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