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Truth is in favor of you and me; for the truth of our enemies whom we have been serving here in the U.S.A. for over 400 years (whom we did not know to be our enemies by nature) is the truth that the Black Man must have knowledge of to be able to keep from falling into the deceiving traps that are being laid by our enemies to catch us in their way which is opposed to the way of righteous of whom we are members. ~ The Honorable Elijah Muhammad

Monday, November 4, 2013

Wage Crisis - The USA's new underclass

Economic hardship in the world's biggest financial superpower

For downloads and more information visit: http://www.journeyman.tv/?lid=66149&a...

The squeezed American middle class has been at breaking point for some time. Now with politicians reluctant to raise the minimum wage and food stamps being cut, the social consequences could be devastating.

Mike Doyle's plummet into the ranks of America's working poor is dramatic. He was a Wall Street trader - then the GFC clobbered his hedge fund and now he's mixing drinks at night for $2.13 an hour. Every day he takes the dawn ferry to Manhattan to try - so far in vain - to resuscitate his financial career. "I think it's a real big issue now. Every family I know, all of these people have two jobs", he tells us. As renowned economist Joseph Stiglitz points out, he's far from being alone. "Most Americans have seen their incomes stagnate or fall since 2008. Median income of a full-time male worker today is lower than it was 40 years ago." Yet despite the grind, some refuse to give up, like young mother of one Tayzia Treadwell. She works as a security guard in one of the toughest neighbourhoods in America, while raising her child and studying at business college. "I want the good life that everyone dreams when you're in school and you draw the little house and the picket fence and a dog. I just want a happy ending." But without help it is difficult to see even those like Tayzia achieving their dreams. The land of opportunity? Not anymore.

ABC Australia


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