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NEWS AND VIEWS THAT IMPACT LIMITED CONSTITUTIONAL GOVERNMENT

"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Wednesday, October 28, 2015

40% of Americans make less than $20,000 a year



Open Borders Poverty
  • The two open borders parties that run Washington are flooding the nation with countless millions of legal and illegal workers in order to drive down wages for their Master on Wall Street. . . . . and it is working!
  • There is an explosion of food stamps and American citizens driven from the labor force, but the politicians keep importing new workers.


(Daily Caller)  -  Fifty-one percent of working Americans make less than $30,000 a year, new data from the Social Security Administration (SSA) shows.
That’s $2,500 a month before taxes and just over the federal poverty level for a family of five. The new numbers come from the National Wage Index, which SSA updates each year based on reported wages subject to the federal income tax.
In 2014, half of working Americans reported an income at or below $28,851 (the median wage), and 51 percent reported an income of less than $30,000. Forty percent are making less than $20,000. The federal government considers a family of four living on an income of less than $24,250 to be impoverished.
A chart from SSA shows that the difference between the median wage and the average wage continues to widen, signaling a declining middle class. These numbers are not adjusted for inflation.
The wage index doesn’t take into account the eight million Americans who are unemployed, or the tens of millions of working age Americans who are not participating in the job market. Nearly 40 percent of Americans are not working, which is the lowest participation rate since 1977.
Wages and share of income for the bottom 90 percent of American wage-earners declined over the past 40 years, as the foreign-born population increased dramatically, according to the Congressional Research Service (CRS).
Read More . . . . .




A Permanent Great Depression
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The poverty of the 1930s Great Depression is coming back.  
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Open borders legal and illegal immigration is driving down wages.  The bought and paid for politicians are signing so-called "free trade" agreement to send millions of middle class jobs to Asia and Mexico in order to pad Wall Street profits.  As an added bonus countless millions of jobs are being abolished by robotics and the Internet.
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Welcome to a future of eternal poverty, unemployment, EBT cards and government housing.
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See other stories in our Eternal Poverty Series:
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