2016

2016

Tuesday, September 20, 2016

Collapsing middle class: 3 Reasons

  1. According to the U.S. Bureau of Labor Statistics, the percentage of the total U.S. adult
    population that has a full-time job has been hovering around 48% since 2010 -- this is the lowest full-time employment level since 1983.
  2. The number of publicly listed companies trading on U.S. exchanges has been cut almost in half in the past 20 years -- from about 7,300 to 3,700. Because firms can't grow organically -- that is, build more business from new and existing customers -- they give up and pay high prices to acquire their competitors, thus drastically shrinking the number of U.S. public companies. This seriously contributes to the massive loss of U.S. middle-class jobs.
  3. New business startups are at historical lows. Americans have stopped starting businesses. And the businesses that do start are growing at historically slow rates." ZeroHedge

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