Recession Leaves More than Half of American Workers Jobless or Underemployed
new study from the Pew Research Center shows that more than half of Americans — 55 percent, to be exact — have suffered a layoff, had their hours reduced or been forced to work part time during the recession. Here is a summary of some key findings:
* The recession has, at some point, left one in three workers unemployed and more than half of workers unemployed or underemployed — with their hours cut or their status reduced to part-time, for instance.
* 95 percent of Americans believe the economy is still in a recession, though 41 percent believe it is starting to come out of the recession. Just 3 percent believe the recession is over. Whites and Republicans are more likely than other demographic groups to say the recession is still going on — though statistically, minorities and Democrats are more likely to be unemployed or underemployed.
* More than 60 percent of Americans say they have cut back their spending. And nearly a third say they will continue to spend less, even when the economy is comfortably out of the recession.
* One-third of adults say they are “not confident” they will have income, assets and housing to finance their retirement. Among workers in their 50s, nearly two-thirds say they will put off retirement because they need to keep working to stay afloat.
* A quarter of respondents say their children will have a worse standard of living than they do, up from 10 percent 10 years ago.
One of the comments over at DU sd, "Put the GOP back in power and the other half will sink." What if that was the plan all along? Worse, most Americans can't or wont see the decades long good cop/bad cop routine that has herded us into this :
Our red road brothers did it to eat, our elite do it for greed.
Oh, and Happy 4th of July! while your out celebrating your independence and freedom I'll be celebrating our local 4th of July mattress sale. Cause, that's what it's been reduced to.
Bonus:
Money Is Not Real Wait! wut!? Nevermind, don't read that because, Hey,
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Anonymous said...
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Everyone sing! The Green Green Shoots of Home!
- 4:21 AM
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DaveS said...
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As for buffalo jumps... The native culture didn't have horses until the europeans arrived!
- 5:29 AM
Post a CommentIt always amazes me when gringos start romanticizing the grand traditions of the plain's culture it's always the natives after the post european years.
There were many different tribes living in North America... some were hunter-gatherers, but many others lived in villages, had commerce with one another, unique languages, cultures, ect. It's a shame that gringos focus so much on one particular sort of native lifestyle as opposed to recognizing how many unique peoples lived here before them.
Personally I'm sick of seeing horseback plains indians, which is how most earthlings view the native culture.
What about the amazing villages of the north american coast? Or the many other tribes that called america home before the whites began ethnic cleansing in earnest?
Makes me sad.
Peace
DaveS