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Archive for May 8th, 2014

What’s happening to the middle class? By golly, it’s disappearing under a barrage of privatization scams and free trade treaties that ship their jobs overseas and redistributes their income to the 1 percent. Wall Street Senator Ron Wyden is a keen supporter of this war against the middle class.

A new report from the National Employment Law Project shows just how successful Wyden has been. According to the report,

“Lower wage industries accounted for 22 percent of job losses
during the recession, but 44 percent of employment growth
over the past four years.

Today, lower-wage industries employ 1.85 million more workers than
at the start of the recession.

Mid-wage industries accounted for 37 percent of job losses, but 26
percent of recent employment growth. There are now 958,000 fewer jobs in mid-wage industries than at the start of the recession.

Higher-age ndustries accounted 41 percent of job losses, but 30
percent of recent employment growth. There are now 976,000 fewer jobs in higher-wage industries than at the start of the depression.”

Wyden’s polices have been extremely successful, and that’s precisely why Wall Street Ronnie, Republicans (such as Mitch McConnell, Orrin Hatch, and John Boehner), Corporate Democrats, and President Barack Obama want to continue pursuing these policies, such as the Trans Pacific Partnership, the largest freely trading your income to the 1 percent treaty to ever come down the pike.

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