Simulacrum - a mere image or one that does not represent the reality of the original

Total non farms jobs in the US are at same level as in 2004 though over eleven million new workers have entered the work force over that time frame.





All income growth from 1971 to 2008 went to the top 10% of wage earners. Income for bottom 90%, when adjusted for inflation, has been stagnant for the last forty years.

Total credit market shows all growth for bottom 90% was debt.

Percent of US workers employed full time is at levels not seen since 1984.

How can wages be flat for the bottom 90% over the last forty years when corporate profits have increased by 800%?

And corporate profit margins have tripled.

The end stage of this latest manifestation of free market capitalism is on the door steps of the US. It's a matter of when, not if. When it does happen, most will say,"it happened so fast, overnight," but it's been going on, heading for the endgame over the last forty years.

Post inspired by:

http://www.oftwominds.com/blog.html