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Offshoring the Economy: Why the US is on the Road to the Third World

The scarcity of jobs and the low pay are direct consequences of jobs offshoring. Under pressure from “shareholder advocates” (Wall Street) and large retailers, US manufacturing companies moved their manufacturing abroad to countries where the rock bottom price of labor results in a rise in corporate profits, executive “performance bonuses,” and stock prices.

Goodbye Middle Class: 51 Percent Of All American Workers Make Less Than 30,000 Dollars A Year

According to brand new numbers that were just released by the Social Security Administration, 51 percent of all workers in the United States make less than $30,000 a year. Let that number sink in for a moment. You can’t support a middle class family in America today on just $2,500 a month – especially after taxes are taken out.

I’m sorry, I can’t face being a doctor any more

The junior doctor contract is supposed to be “cost neutral” but for someone who works part time, it means I will likely never see my salary improve. It means I could not have afforded to have either of my children. It means the female doctors who look up to me so much, will have to choose children or their careers.
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Quantitative Easing Was a Bust; Let’s Try Higher Wages Instead

The global economy faces so many headwinds at present that it’s hard to know where to begin. China’s real estate bubble has popped, capital flight has put emerging markets into a nosedive, commodities prices have plunged triggering fears of deflation, the economic data is increasingly bleak, and the Fed’s plan to “normalize” rates has sent stocks gyrating like never before.

The Ugly Truth About Poverty In Britain

According to a study by Poverty and Social Exclusion (PSE), 33% of all UK households endure below-par living standards – defined as going without three or more “basic necessities of life”, such as being able to adequately feed and clothe themselves and their children, and to heat and insure their homes. In the early 1980s, the comparable figure was 14%. A 140% increase.
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Corbyn in the Media

The media do not merely generate the political weather. They play a large part in creating the climate in which information is received and understood. A notion such as ‘electability’, to take the example at hand, is unthinkable without the media, which, in their every representation of a political leader, ask (and supply the authorities to help us decide) not only who is and is not electable, but what should be the criteria by which electability is judged.