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Just as I keep trying to tell everyone,but, alas, no one is listening.
Our economy is marked by a very uneven distribution of wealth and income. For example, it is estimated that 28% of the total net wealth is held by the richest 2% of families in the U.S. The top 10% holds 57% of the net wealth. If homes and other real estate are excluded, the concentration of ownership of financial wealth is even more glaring. In 1983, 54% of the total net financial assets were held by 2% of all families, those whose annual income is over $125,000. Eighty-six percent of these assets were held by the top 10% of all families (US Bishops Economic Justice 183, quoting 1983 Federal Reserve Board figures).
Source
Real weekly wages in the U.S. rose until 1973, and have been declining since. From 1977 - 1989, the wealthiest 660,000 families gained 75% of "average pretax income" increases, while most middle income families saw only a 4% increase -- and those in the bottom 40% of income cohorts had real declines.
Source
-- In 1997, it is significantly more expensive to secure the basic household needs than it was in 1970 and before. Some of this relates to the breakdown of previous systems (such as private school tuition and day care). A higher percentage of household income is now required to meet these needs than was true in previous years (59, 62).
Declining neighborhoods
Middle-income neighborhoods as a proportion of all metropolitan neighborhoods declined from 58 percent in 1970 to 41 percent in 2000. This dramatic decline far outpaced the corresponding drop in the proportion of metropolitan families earning middle incomes, from 28 percent in 1970 to 22 percent in 2000.
# Only 23 percent of central-city neighborhoods in the 12 large metropolitan areas had a middle-income profile in 2000, down from 45 percent in 1970. A majority of families (52 percent) and neighborhoods (60 percent) in these cities had low or very low incomes relative to their metropolitan area median in 2000.
# A much larger proportion—44 percent—of suburban neighborhoods in the 12 metropolitan areas had a middle-income profile in 2000. Yet this proportion fell over the 30-year period, too, from 64 percent in 1970, accompanying a smaller decline in suburban middle-income families. Suburban middle-income neighborhoods were replaced in roughly equal measure by low-income and very high-income neighborhoods.
Civil disorder is a broad term that is typically used by law enforcement to describe one or more forms of disturbance caused by a group of people. Civil disturbance is typically a symptom of, and a form of protest against, major socio-political problems. Typically, the severity of the action coincides with public outrage
Governmental fear
A state of emergency is a governmental declaration that may suspend certain normal functions of government, may work to alert citizens to alter their normal behaviors, or may order government agencies to implement emergency preparedness plans. It can also be used as a rationale for suspending civil liberties.
Part of the problem
THACA, N.Y. -- A just-released report to a bipartisan Congressional commission documented 48,417 U.S. jobs outsourced to other countries or publicly announced as being scheduled for outsourcing, from January through March 2004. The U.S. Bureau of Labor Statistics had reported that only 4,633 private-sector jobs in companies with more than 50 employees were lost during that time period, a gross underestimation, warn the report's authors.
Selling out of America
o From January through March 2004, there were 69 production shifts from the United States to Mexico (compared with 30 during the same period in 2001); 58 shifts to China (compared with 25 shifts in January-March 2001); and 31 shifts to India (compared with 1 shift in January-March 2001). The companies shifting jobs to China tend to be large, publicly held, highly profitable and well established, with 72 percent of them owned by U.S. multinationals.
Does anyone care?
March 27 -- While there's no consensus on the precise number of white-collar jobs American companies will outsource to India in the coming years, it seems increasingly clear that millions of middle class jobs -- from programmers and back-office technicians to Wall Street analysts and architects -- will soon find their way from U.S. office parks to the cubicles of Bangalore and Mumbai.
And while we swap stories about out-of-work programmers, one thing is clear: no one is preparing for the most important challenge -- ensuring that America's suburbs are ready for the inevitable and painful transition.
So, is this what we are urning into?
In the last decade, an increasing number of American companies have been radically cutting costs by sending manufacturing and customer service jobs overseas, where labor costs can be dramatically lower.
Originally posted by Godruigez
We are waging wars in a desperate attempt to stay atop the rest of the world. The fall of the "Great American Experiment" has begun.
f Texas were a nation, its economy would rank as the eighth largest in the world, according to the Comptroller's Fall 2004 Texas Economic Update. ...
California
In the midst of the world's fifth largest economy lies Central California-the heart of the Golden State.
Originally posted by InSpiteOf
Though i do not think this is happening in just the US. Many capitalist countries (including my own, Canada) are sending jobs and opportunities across borders in persuit of higher profits. As my favorite author says "Its the third worldization of the US, its the thrid worldization of our continent." In other words, capitalist governments and their lobbyists want a two class system to support their oppulance while the rest of us are to feed off the table scraps they throw.
Originally posted by SpeakerofTruth
The main excuse that corporations are giving for this is cheaper labor and they claim that we benefit because it keeps the cost of products down. While that's good and all, I really don't see where it is necessarily keeping the cost of products down.
Actually, Inspiteof, I think it's leading to a socialist type system where the governments of the world are going to say, "We will take care of you in exchange for your adherence to our laws."
Originally posted by InSpiteOf
Uhh...maybe you need to define what you mean by "socialism" because i hardly see social benefits in the US and in Canada on the rise. What i do see is Capital benefits on the rise. Look at capitalist Nicaragua, where the rate of capital accumulation is much much higher than the US or Canada, primarily because of the lack of democratic conditions in that countries polical and social sphere's. If anything, existing Capitalist countries (with a taste of democracy) are leaning more towards unregulated[b/] capitalism, which will spell ecological disaster the likes of which we have never seen, social destruction and repressive actions which will demoralize the populace, and a higher concentration of wealth.
Originally posted by Stormdancer777
It is almost impossible to make ends meet.
Originally posted by SpeakerofTruth
Well, unfortunately, or fortunately, depending on how you look at it... One eventually turns into the other. Anytime that you start causing people to become dependent upon the state, which is certainly what is beginning to happen to the United States, you turn to socialism.