As America's young snowflakes graduate their liberal bastions of higher education and get ready to migrate around the U.S., at least those who were lucky enough to actually find a job after graduation and avoid the embarrassment of moving back home with mom and dad, we thought it would be helpful to take a look at where they might get the most safe space square footage for their money.
Authored by Michael Hudson, via NakedCapitalism.com,
Students usually don’t think of themselves as a class. They seem “pre-class,” because they have not yet entered the labor force. They can only hope to become part of the middle class after they graduate. And that means becoming a wage earner – what impolitely is called the working class.
If you believe San Francisco Fed President John Williams, the US labor market has almost never been ore robust than it is today. Of course, middle- and working-class Americans who are struggling with levels of financial uncertainty that would be unfamiliar to their parents’ generation don’t necessarily care that the official unemployment rate is 4.4%. They’re too busy struggling to make ends meet when real wages have been stagnant for decades and economic growth is expected to slouch along at 2% for the foreseeable future.
Authored by Patrick Buchanan via Buchanan.org,
“We are there and we are committed” was the regular retort of Secretary of State Dean Rusk during the war in Vietnam.
Whatever you may think of our decision to go in, Rusk was saying, if we walk away, the United States loses the first war in its history, with all that means for Southeast Asia and America’s position in the world.
We face a similar moment of decision.
Authored by Michael Snyder via The Economic Collapse blog,