[Fighting888]

Quote:

Full-time jobs last month plunged by 523,000, according to the Bureau of Labor Statistics. What has increased are part-time jobs. They soared by about 800,000 to more than 28 million. Just think of all those Americans working part time, no doubt glad to have the work but also contending with lower pay, diminished benefits and little job security.

Over 500,000 full-time jobs lost in just one month. Just one month. Amazing.

It's even worse than that because America's population is growing by over 2 million people per year. As our population grows, our full-time labor force is disappearing before our eyes. Quality full-time jobs are being replaced by crappy low wage part time contract work that doesn't pay bills.

To me, it seems like our middle class is now in a state of collapse. What we're now seeing emerge is an economy with a few highly paid professionals and investors at the top, a vast menial working class of people who work in poorly paid and stressful jobs (often part time), and a jobless class that doesn't work at at all.

It's astonishing really.