Saturday, September 29, 2012

Obama's Neglect Of The Middle Class

Just recently, a Chicago-focused study on low-wage earners saw this group grow by 30% in just the last year.  More bluntly, this shows that the middle class is shrinking under Obama's stewardship; despite all his "bull" that he's growing and helping the middle class.  The fact is that most of the new jobs created in the private sector over the last 3-1/2 years have been low-paying; explaining why the mean family income has fallen by 8.2% over that same period.

References:

Chicago Sun-Times: Low-wage work force grows 30% as the number of jobs shrinks: http://www.suntimes.com/15379932-761/low-wage-work-force-grows-30-as-the-number-of-jobs-shrinks.html

Huffington Post: Job Market Recovery Led By Low-Wage Sectors: http://www.huffingtonpost.com/2012/04/05/job-market-recovery-low-wage-sectors_n_1406102.html

Investor's Business Daily: Household Incomes Fall In Aug., Off 8.2% Under Obama: http://news.investors.com/092512-626958-household-income-down-82-under-president-obama.aspx

No comments: